Epic Tightrope Walk Faces PBOC As China Exits Covid
As Beijing pivots energetically from Covid lockdowns to economic recovery, no one is in a hotter seat than Yi Gang, governor of the People’s Bank of China. Read More Here
Tag: inflation
The Unavoidable Crash
After years of ultra-loose fiscal, monetary, and credit policies and the onset of major negative supply shocks, stagflationary pressures are now putting the squeeze on a massive mountain of public- and private-sector debt. The mother of all economic crises looms, and there will be little that policymakers can do about it. Read More Here
The United States Is Fighting Inflation With History
Jackson Hole is a meeting of central bankers and economists. But in making his stand, Powell invoked neither economic theory nor econometrics. Instead, he summoned history. Read More Here
From Great Moderation To Great Stagflation
For decades, relative global stability, sound economic-policy management, and the steady expansion of trade to and from emerging markets combined to keep costs down. But now all these conditions have been overturned, and the world is settling into a dangerous and destabilizing new regime. Read More Here
Yes, The US Economy Is Likely In Recession
The release of data showing that the US economy has contracted for two quarters in a row has triggered an intense semantic debate among economists, pundits, and political operatives. The Biden administration and many commentators are at pains to deny that the US is in a recession, but history is not on their side. Read […]
Asia’s Economies Face Weakening Growth, Rising Inflation Pressures
The global economic outlook has darkened, and growth across Asia and the Pacific is poised to slow further amid the continuing impact of Russia’s invasion of Ukraine and other shocks. Economic growth in Asia and the Pacific is projected to decelerate to 4.2 percent this year, 0.7 percentage points less than we forecasted in April and slower […]
Is Pakistan The Next Sri Lanka?
Pakistan, too, has a shambling economy, now going from bad to worse in the wake of political uncertainty. There is gross unemployment, while the inflation rate has skyrocketed. Read More Here
Pakistan’s Coming Collapse Should Worry The World
For Pakistan, it is a perfect storm. At the end of Pakistan’s fiscal year on June 30, 2022, its trade deficit neared $50 billion, a 57 percent increase over the previous year. Had the Shehbaz Sharif government not banned the import of more than 800 non-essential luxury items in May 2022, the figure might have […]
Biden Tries To Climb Down From Ukraine Ledge
The Biden administration vastly underestimated the inflationary impact of the $6 trillion Covid stimulus package, which began under Donald Trump. It also underestimated the resilience of the Russian economy and the capabilities of the Russian military. Read More Here
Stagflation Risk Rises Amid Sharp Slowdown In Growth – World Bank
Global growth is expected to slump from 5.7 percent in 2021 to 2.9 percent in 2022— significantly lower than 4.1 percent that was anticipated in January. It is expected to hover around that pace over 2023-24, as the war in Ukraine disrupts activity, investment, and trade in the near term, pent-up demand fades, and fiscal […]
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