Search Results for "Otaviano Canuto"
Back to homepageWhither China’s Belt and Road Initiative?
The Belt and Road Initiative (BRI), launched by Xi Jinping, passed its tenth anniversary in 2023. It has entered a third phase. The initiative added a label to China’s financing and construction of infrastructure abroad, which had already totaled more
Read MoreBig Slowdown in Chinese Economy Calls for Tweaks to ‘Rebalancing’
Chinese economic figures released August 1 show a slowdown in growth. New Omicron outbreaks — in the context of the zero-Covid policy — the housing slump and heat waves have been decelerating the nation’s pace. This is another step in
Read MoreDollar Dominance: Greenback Will Endure Current Hardships
Financial sanctions on Russia after its invasion of Ukraine sparked speculation that the weaponisation of access to reserves in dollars, euros, pounds, and yen would spark a division in the international monetary order. China would strengthen its international payments system
Read MoreTightening Financial Conditions Bring Impacts to Asset Values
In the first half of this year, US stock markets suffered a fall not seen in more than 50 years. The S&P 500 index on Thursday June 30 was more than 20 percent down compared to January, a drop not
Read MoreQuantitative Tightening and Capital Flows to Emerging Markets
In its May 15th meeting, the Federal Open Market Committee (FOMC) of the U.S. Federal Reserve (Fed) lifted its benchmark policy rate by 0.75% to 1.50%–1.75%, the most significant increase since 1994. The central bank also signaled an additional increase
Read MoreGreenbacks for a Green Future: It’s the Cost of Decarbonisation
Accelerating the transition toward low- or zero-carbon emissions is necessary to keep global warming at theoretically safe levels. That will probably bring price shocks associated with rising metal prices, energy costs, and carbon taxes — what has been called “greenflation”.
Read MoreBiggest Commodity Price Shock in 50 Years is Here
In addition to death and destruction in Ukraine, the Russian invasion brought several significant shocks to the global economy. The geopolitical consequences of the war reinforce the downward trend in trade globalisation and financial integration, with fresh rounds of disruption
Read MoreSanctions Against Russia Resemble a Boxing Match
The economic sanctions against Russia announced last week by the US and Europe are having a profound impact on the Russian economy — and repercussions at home. As in a boxing match, the expectation is that blows to the opponent
Read MoreDecarbonisation and “Greenflation”
Accelerating the transition toward low or net-zero carbon emissions is necessary to keep global warming at theoretically safe levels. That will likely bring price shocks associated with rising metal prices, energy costs, and carbon taxes – what has been called
Read MorePermanent Output Losses from the Pandemic
In the World Economic Outlook, published October 12, the International Monetary Fund (IMF) slightly lowered its forecast for global economic growth this year to 5.9%, while maintaining a forecast of 4.9% for 2022. It also emphasized the “divergence” in the
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