Several investment commentators have suggested that the COVID-19 pandemic may well accelerate secular trends or changes that were already underway across global economies. The widespread rapid adoption of technology to solve issues, in terms of location by home workers in lockdown and by the biotechnology sector in its race to find a potential vaccine, is one example. Disruption to supply…
A breakdown released by the central bank on Tuesday showed it is bought 235 billion euros ($263 billion) of assets through the end of May, with 103 billion euros of purchases in April and 116 billion euros in May.
As China’s economy continues to recover from the COVID-19 lockdown, other issues—such as trade tensions—have started to resurface. Portfolio Manager Michael Lai offers his perspective from an investment lens on trade and other issues impacting China today. Artykuł US-China Trade Tensions Resurface as Lockdowns Lift pochodzi z serwisu Investment Adventures in Emerging Markets.
Tragedy need not be the only legacy of the COVID-19 crisis. On the contrary, the pandemic represents a rare but narrow window of opportunity to reflect, reimagine, and reset our world to create a healthier, more equitable, and more prosperous future.
Once again, new economic readings from the World Bank's International Comparison Program have fed into the long-going debate over whether China is surpassing the United States as an economic and financial power. And once again, the answer to that question is a qualified "no."
The collapse of the stock markets in the developed world in March has quickly reversed, leaving many to argue that the disconnect between financial markets and the real economy will be short-lived and that a market correction is inevitable. In the latest installment of CoronaNomics, PS Contributors Jim O’Neill and Willem Buiter discuss with Ben Chu from The Independent and Lizzy Burden from…
Just because the major central banks can continue to introduce increasingly unconventional measures doesn't mean that they should. The current economic crisis demands primarily a fiscal-policy response, whereas extreme monetary policies carry high risks and produce adverse side effects.
Policymakers around the world already recognize that they need to find a way to reopen national economies safely and in accordance with policies to keep the COVID-19 pandemic under control. Yet not nearly enough has been done to encourage new markets that can operate even under conditions of economic lockdown.
Without further G20 action, the pandemic-induced recession will only deepen, hurting the world’s poorest and most marginalized people the most. Because the group represents 85% of global GDP, it has the capacity to mobilize resources on the scale required – and its leaders must do so immediately.
If President Trump follows through on his threat to eliminate Hong Kong’s status as a special customs territory with the United States, separate from China, the economic impact on Hong Kong would be minimal and on China even less. Under the terms of the 1992 United States–Hong Kong Policy Act,...
The European Central Bank meets on Thursday with investors hoping that policymakers will deliver yet more stimulus for an economy ravaged by the coronavirus pandemic.
from Lars Syll Simon Wren-Lewis is one of many mainstream economists that staunchly defends the idea that having microfoundations for macroeconomics moves macroeconomics forward. A couple of years ago he wrote this: I think the two most important microfoundation led innovations in macro have been intertemporal consumption and rational expectations … [T]he adoption of rational expectations […
Note: To put these numbers in perspective, the MBA notes "For the week of March 2, only 0.25% of all loans were in forbearance."From the MBA: Share of Mortgage Loans in Forbearance Increases to 8.46%The Mortgage Bankers Association’s (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance increased from 8.36% of servicers’ portfolio volume in the…
The US is now conducting around 400,000 tests per day, and that might be enough to allow test-and-trace in some areas. Based on the experience of other countries, the percent positive needs to be well under 5% to really push down new infections, so the US might need to double the number of tests per day again.According to Dr. Jha of Harvard's Global Health Institute, the US might need more than…
The US is now conducting around 400,000 tests per day, and that might be enough to allow test-and-trace in some areas. Based on the experience of other countries, the percent positive needs to be well under 5% to really push down new infections, so the US might need to double the number of tests per day again.According to Dr. Jha of Harvard's Global Health Institute, the US might need more than…