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Tag Archives: global economy

DW — Coronavirus latest: World has ‘clearly’ entered recession — IMF head

15:51 "It is clear that we have entered recession," said IMF head Kristalina Georgieva. Due to the pandemic, the global economy experienced a "sudden stop" and the fund is now looking for a practical approach to prevent indebted countries from "falling off the cliff." 15:23 The ongoing pandemic will have a deep economic impact and recovery could be only expected in 2021, said IMF chief Georgieva. This target can only be reached if the virus is contained and liquidity problems are not...

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RT ‘West’s leading role is ending’: G7’s no good without India and China, Putin says

Russian President Vladimir Putin has said the leading role of the West is coming to an end, and no serious international group makes much sense anymore without economic juggernauts like China and India. Putin shared his thoughts on the Group of Seven (G7) during the Eastern Economic Forum, held outside Vladivostok in Russia’s Far East on Thursday. He was asked whether he would attend the group’s meeting in the US next year if invited. US President Donald Trump said last month he will...

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Planetary Thinking — Eric Berglöf

As policymakers, academics, and activists prepare for next month's United Nations climate summit in New York, they should consider precisely what it will take to build a truly sustainable global economy. First and foremost, the world needs a new multidisciplinary approach that is broad enough to tackle the challenge.... Project SyndicatePlanetary Thinking Eric Berglöf

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Germany Stalls and Europe Craters — Alastair Crooke

But if Germany’s manufacturing woes were not sufficient in and of themselves, then combined with the threat of trade war with Trump, the prospect indeed is bleak for Europe: And the likelihood is that any of that ECB stimulus – promised for this autumn, as Mario Draghi warns that the European picture is getting “worse and worse” – will be very likely to meet with an angry response from Trump – castigated as blatant currency manipulation by the EU and its ECB. EU Relations with Washington...

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Trump’s China battle heads into the danger zone — Doug Palmer

“I think the expectation is that this is going to escalate and get worse rather than coming to a place of agreement or just going away,” said Putri Pascualy, managing director at investment firm PAAMCO Prisma. “The risk in the market is political and political risk for investors is very difficult to handicap.”…. Politico Trump’s China battle heads into the danger zone Doug Palmer

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Joseph P. Joyce — The Change in the U.S. Direct Investment Position

The U.S. has long held an external balance sheet that is comprised of foreign equity assets, mainly in the form of direct investment (DI), and liabilities held abroad primarily in the form of debt, including U.S. Treasury securities. This composition is known “long equity, short debt.” Pierre-Olivier Gourinchas of UC-Berkeley and Hélène Rey of the London Business School claim that this allocation has allowed the U.S. to serve as the “world’s venture capitalist,” issuing short-term debt in...

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