Small states are the canary in the coal mine for the global economy, and they are struggling
Small states—countries with a population of 1.5 million or less—were hit particularly hard by the COVID-19 pandemic. They’ve also had a much slower recovery than other emerging market and developing economies (EMDEs). Small states have several features that make them especially vulnerable to global economic and climate-related developments. To make matters more difficult, these countries […]
How the economy could avoid recession
Last year markets had a terrible time. So far 2023 looks different. Many indices, including the Euro Stoxx 600, Hong Kong’s Hang Seng and a broad measure of emerging-market share prices, have seen their best start to the year in decades. America’s s&p 500 is up by 5%. Since reaching its peak in October, the […]
Things are looking up for the global economy
Sometimes, optimism can be infectious. The cheery mood in financial markets, where global stock markets have risen about 4 per cent in the first three weeks of the year, spread this week to the rarefied atmosphere of the World Economic Forum in Davos. The annual gathering of business, economic and political elites in the Swiss […]
China’s economy expands 3% in 2022 as zero-Covid policies hit growth
China’s economy grew by just 3 per cent in 2022, underscoring the heavy costs of the government’s longstanding zero-Covid strategy before it was abruptly abandoned last month. The country’s gross domestic product figures missed Beijing’s official growth target, which at 5.5 per cent was already the lowest in decades. Other than in 2020 at the […]
Global economy going into recession, 2023 growth to slow
The World Bank slashed its global growth forecasts from projections it made in mid-2022 on the back of what it sees as broadly worsening economic conditions. The international development institution downgraded almost all of its forecasts for advanced economies in the world, cutting its growth outlook for the global economy to 1.7% for 2023, it […]
Taxation in the Data Economy: The ‘Invisible’ Competition
The individual is both the creator and user of her own data. Companies collect personal data, use it for various purposes like improving products and anticipating consumer behavior, and return those benefits to consumers. Big Tech’s multi-faceted uses of data generate new economic value, prompting questions on how consumers can be fairly compensated. Some experts […]
Free-Market Capitalism is the Next American Economy
America is in the midst of an identity crisis, and it’s probably not the kind you’d think. Our nation is wrecked by an abysmal economy and unhappy people losing confidence in their country. In such unhappiness, people on both sides of the political aisle too often propose “solutions” that grant the government more control of […]
Global economy is heading into a decade of low growth, economist says
The global economy likely faces a decade of sluggish growth, according to Daniel Lacalle, author and chief economist at Tressis Gestion. Economies around the world have been grappling with a multitude of shocks — from Russia’s invasion of Ukraine to China’s persistent zero-Covid measures — that have sent inflation soaring and weakened activity. The International […]
China’s leaders ponder an economy without lockdowns—or crackdowns
Each december the leaders of China’s Communist Party gather to discuss their “economic work” for the year ahead. The lengthy statement they then release to the public provides a clue to their thinking and priorities. But by the time the leaders met on December 15th and 16th in Beijing, the most fateful economic choice of […]
The Fed’s path to a ‘Goldilocks’ economy just got more complicated
A ‘help wanted’ sign is displayed in a window of a store in Manhattan on December 02, 2022 in New York City. Spencer Platt | Getty Images As far as jobs reports go, November’s wasn’t exactly what the Federal Reserve was looking for. A higher-than-expected payrolls number and a hot wage reading that was twice […]
