Economics & Convergence
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Global Imbalances and the Pandemic
The International Monetary Fund’s tenth annual External Sector Report (ESR, August 2021) shows how current account deficits in the global economy widened in 2020 during the pandemic. On the other hand, the ESR also argues that overall, the misalignment between
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World Bank on Sustainable Recovery: The Need for Long-Term Financing
The COVID-19 pandemic is affecting every country’s health system and economy to a degree not seen for a century or more. In developing countries, mounting an adequate response to address these simultaneous shocks has created fiscal challenges, especially for those
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Otaviano Canuto: Are We on the Verge of a New Commodity Super-Cycle?
Commodity prices have recovered their 2020 losses and, in most cases, are now above pre-pandemic levels (Figure 1). The pace of Chinese growth since 2020 and the economic recovery that has accompanied vaccine rollouts are driving demand upward, while supply
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Brexit: Fishing in Troubled Waters
It’s perhaps a case of having your fish and eating it too. The number of analogies that may be rallied to describe the current standoff between the European Union and the United Kingdom over the post-Brexit assignment fish stocks is
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Otaviano Canuto, Center for Macroeconomics and Development: China’s Rebalancing Act is Slowly Addressing Sliding Growth Figures
China’s economic growth has been sliding since 2011, while its economic structure has gradually rebalanced toward lower dependence on investments and current-account surpluses. Steadiness in that trajectory has been accompanied by rising levels of domestic private debt, as well as
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UAE Backs China’s One Belt One Road Initiative at Annual Investment Meeting
His Excellency Abdulla Al Saleh, Undersecretary for Foreign Trade Ministry of Economy UAE stated,“ Trade activities to amount to $ 33 billion dollars between the UAE and China.” Dubai, United Arab Emirates, 9th April 2019: The UAE is set to
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Annual Investment Meeting 2019 to Host Strategic Sessions to Draw Foreign Direct Investments
This year the event will witness the presence of 60 high level official The organizing committee of the Annual Investment Meeting 2019, has completed the preparations for the upcoming event, which will be held from 8th to 10th of April
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Otaviano Canuto, IMF: What Happened to World Trade?
World trade suffered another disappointing year in 2015, experiencing a contraction in merchandise trade volumes during the first half and only a low recovery during the second half (Figure 1). While last year’s trade performance can be associated to the
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Ross Jackson: Stemming the Flow of Refugees – An Holistic Approach
The unprecedented surge of refugees streaming into Europe is no doubt due to the ongoing wars in Syria and Iraq and the unstable situation in Libya. However, refugees were arriving in Europe long before these wars began. They will continue
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Michael Pettis: China – What the New Currency Regime Means and How It Affects the World
On Tuesday, August 18, the People’s Bank of China (PBoC) surprised the markets with a partial relaxing of the currency regime, prompting a great deal of discussion and debate about the value of the renminbi (RMB). Part of the discussion
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