What the world really needs is what we called for back in 2001: genuinely representative global economic governance. Let us hope there is a renewed desire to take this path under the new US administration.
The COVID-19 crisis has revealed that interconnectedness brings benefits as well as risks to us all. In order to address some of these risks, supply chains will need to be rethought, with more emphasis put on supplier diversification, domestic production, and stockpiling.
WASHINGTON, April 14: Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, the International Monetary Fund says in its latest forecast.
CAMBRIDGE – COVID-19 is confronting humanity with its most severe test since 1918 when an
influenza pandemic killed more people than died in World War I. Yet the top leaders of the world’s two largest economies, China and the United States, have failed the first round.
In its recent economic and fiscal outlook, International Monetary Fund (IMF) warned that the two greatest potential dangers to global growth in 2019 were a no-deal Brexit and an escalation of trade war between the US and China. The first looks unlikely but the second has brought the whole world into a course of dilemma about the world economy.
TOKYO/SINGAPORE, Aug 14: Oil prices fell on Wednesday on disappointing economic data from China and a rise in U.S. crude inventories, erasing some of the sharp gains in the previous session on signs of an easing in Sino-U.S. trade tensions.