A Good Year for China’s Economy

Following the government’s abandonment of its zero-COVID policy in December – and especially since the middle of last month – the economy has sprung back to life. Bolstered by fiscal and monetary expansion – for which the country has ample room – China can achieve 6% GDP growth this year. Read More Here

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Leaders and Laggards In The Post-Pandemic Recovery

While some major economies are recovering fast from the pandemic-induced recession, others are languishing, and still others remain in a state of acute crisis. The extent to which these global inequalities persist will depend on a range of factors, and will have profound implications for social, political, and geopolitical stability. Read Here | Project Syndicate

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The Two Sides Of Chinese GDP

Many economists care more about China’s per capita GDP, or income per person, than the aggregate measure. The key takeaway is that China remains a poor country, despite its phenomenal headline economic growth over the past four decades. Read Here | Project Syndicate

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Managing Divergent Recoveries

It is one year into the COVID-19 pandemic and the global community still confronts extreme social and economic strain as the human toll rises and millions remain unemployed. Yet, even with high uncertainty about the path of the pandemic, a way out of this health and economic crisis is increasingly visible. Read Here | IMF Blog

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The Global Economy’s Uneven Recovery

While the US, China, and other leading economies are on their way to a robust recovery, many others are struggling to return to pre-pandemic GDP levels. In most regions, including Europe and Latin America, the 2020 recession will most likely leave long-lasting scars on both GDP and employment. Read Here | Project Syndicate

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Is Inflation Alive?

Inflation in most rich countries has been low since the 1990s, not least because of central banks’ success in lowering long-term inflation expectations. But today’s policymakers must weigh how far they can go in trying to engineer a post-pandemic recovery without unanchoring these firmly entrenched beliefs. Read Here | Project Syndicate

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