Most economic and strategic experts agree that the kind of “trade war” initiated by steep tariffs leads to short‐term pain on both sides. However, in the long run, China’s deep-seated structural advantages and long-term resilience tend to tip the balance in its favor. Several factors contribute to this perspective: China’s Structural Edge: A Manufacturing Juggernaut...
When big, convulsive economic events happen, the implications tend to take years to play out, and spiral in unpredictable directions. Who would have thought that a crisis that began with mortgage defaults in U.S. suburbs in 2007 would lead to a fiscal crisis in Greece in 2010? Or that a stock market crash in New...
Recommended mitigation, suppression, flattening curve and lockdown guidelines forwarded by the World Health Organization has ripped-off almost every economy till date. Just as much as the contagion is spreading globally with R naught value of 2-2.5, economic recession has been as much fast as it has been predicted by renowned economists. How long these lockdowns...
The Covid-19 crisis has resulted into a blessing in disguise for the central banks who sought digitalization of the global monetary system since 1983. While the need of a digital currency has increased amidst coronavirus pandemic, the dramatic fall in the global economic outlook can result into a serious crisis that can lead the world...
The global economy could shrink by up to one per cent in 2020 due to the coronavirus pandemic, a reversal from the previous forecast of 2.5 per cent growth, the UN has said, warning that it may contract even further if restrictions on the economic activities are extended without adequate fiscal responses. The analysis by...