After the failure of the U.S. “supercommittee”—which may mark the beginning of a multi year impasse—it is far from clear that Washington lawmakers will be able to address the country’s fiscal problems before the markets turn. […]
Though the global recovery is weakening, the world economy is not likely to head back into recession unless the sovereign debt crisis in Italy and Spain intensifies. […]
An appreciation of the renminbi is not the catch-all solution some claim it to be. If China were to revalue its currency, a widespread appreciation of Asian currencies would not follow, nor would the U.S. current account deficit benefit. […]
If the transition in Egypt succeeds and the country overcomes a number of economic obstacles and acquires a democratic, accountable, and efficient form of government, it is likely to become a stabilizing force in a turbulent region. […]
The economic costs of the Japanese earthquake will be major, but are unlikely to derail the Japanese or global recovery. However, a number of risks—beginning with unresolved nuclear crisis—could worsen the outcome considerably. […]
In order to prevent another boom-bust episode—this time in developing countries—policy makers must act soon to cool the rising temperatures in several rapidly growing emerging markets. […]
After stagnating for decades, economic growth in Africa has accelerated, but maintaining this rapid growth is far from guaranteed. Policy makers must build on past successes and tackle tough reforms before the world’s poorest continent can make sustained economic progress. […]
Policy makers should heed the lessons of the Great Recession and enact the structural and regulatory reforms needed to protect the world against the next crisis. […]
Faster growth in the G20 must come through increased demand in advanced nations—beginning with the United States and Germany—rather than agreements about currency appreciations or current account targets. […]
Economic growth in Africa over the last ten years has been at its strongest in decades, but continued reform efforts—especially those affecting governance and the business climate—are needed to ensure that this renaissance continues. […]
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