Though global economic activity is beginning to stabilize, it is too early to say that a sustained recovery has begun. Considerable risks remain that the healing process could be interrupted by new shocks. To mitigate these risks, policies must remain proactive. […]
Ironically, the United States is among the countries least affected by the financial crisis. Financial markets have been hardest hit in Argentina and in Eastern European countries such as Ukraine and Hungary. […]
Following through on promises made at the G20 meeting in London to help triple IMF resources will not only help hasten economic recovery, but also bolster U.S. leadership in a world economy on which it is increasingly reliant. […]
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. […]
Global depression is not the most likely scenario to result from the financial crisis, but it’s foolish to ignore the possibility. At the G-20 meeting this week, leaders must increase domestic stimulus measures, triple the IMF’s resources, and renew their commitment to avoid protectionism. […]
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