The World in Recession
The global economy is on a knife-edge, teetering between a vicious and a virtuous cycle. Policies in response to the crisis will determine whether the global economy emerges in a high or low equilibrium. […]
The global economy is on a knife-edge, teetering between a vicious and a virtuous cycle. Policies in response to the crisis will determine whether the global economy emerges in a high or low equilibrium. […]
According to the World Bank, global economic growth is likely to contract by two percent this year. With export markets shrinking, many have questioned whether China’s domestic economy can supplement the revenue gap. […]
Russia is among those countries that have been hardest hit by the global economic crisis. The country’s leadership can help avoid long-term economic and social problems by taking quick and targeted action to mitigate its impact on households. […]
The economic crisis may force policy makers to revise their view that open borders are a good thing. Now is the time to take bold steps to forestall a protectionist resurgence. […]
Policymakers ought to recognize the potential for an extended economic downturn and strive to do more to counteract the crisis. […]
The G-20 fell well short of an adequate response to the grave global economic situation at its summit in London this week, but took a big step in recognizing the increasing significance of developing economies in the global economy and reflecting their interests. […]
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