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Making Sense of Irrational Markets and Conflicting Data
This is how an economy is destroyed: ignore small businesses because small isn’t beautiful but complicated, cumbersome, risky, and a nuisance. US commercial banks charged with the distribution of the $349 billion federal credit line earmarked for troubled companies under
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Dull but Sound: Ordoliberalism to the Rescue
A hallmark of quality recognised the world over, ‘Made in Germany’ represents a welcome victory of content over hype. The German mindset and constitution, it would seem, are almost incapable of cutting corners to maximise short-term outcomes. As such, the
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Lessons from China
For the first time in nearly half a century China’s economy has stopped growing. The National Bureau of Statistics (NBS) reported a 6.8 percent drop in economic output over the first quarter of the year. Retail sales were down by
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The Great Lockdown and Echoes from the Past
The brief and uneventful interlude that followed the Great Recession of 2007-13 has been supplanted by the Great Lockdown of 2020. The term was coined by Chief Economist Gita Gopinath of the International Monetary Fund (IMF) as she unveiled the
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Debt Relief Needed to Preserve 30 Years of Progress
A grand coalition of creditors is to provide debt relief to the world’s least developed countries. Earlier this week, the International Monetary Fund (IMF) took the lead and cancelled some $214 million in debt repayments owed by 25 of its
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Raining on China’s Parade
Sensing a unique opportunity to take a shortcut to the global top spot, China is putting in a sustained effort to turn tragedy into triumph and expand its standing and reach in the wake of the pandemic. The Chinese government
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The Final Destiny of the Trillions
When the going gets though, the weak are moved aside. A depressingly large number of the 181 US corporations that last year signed a solemn pledge to fight inequality and work for the benefit society have failed to honour their
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Waiting for the Government to Come Knocking
Streamlined to a skeleton, the US federal government is singularly unable to keep up with politicians eager to dole out trillions of dollars to businesses and individuals caught short by the pandemic. Jolted out of their small-is-beautiful philosophy, lawmakers and
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Big Egos, Poker Faces, and Deep Pockets Meet to Address Oil Glut
President Vladimir Putin of Russia has a poker face and knows how to use it. A real-life display of his diplomacy-on-ice takes place today as OPEC oil and energy ministers meet online to discuss ways to avoid a further collapse
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Otaviano Canuto: More Than One Coronavirus Curve to Manage – Infection, Recession and External Finance
Flattening Coronavirus Curves – Otaviano Canuto First appeared at the Policy Center for the New South The global reach of COVID-19 is now clear. In a short time, country after country has suffered outbreaks of the new coronavirus, with each
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