According to the World Bank, global economic growth is likely to contract by two percent this year. With export markets shrinking, many have questioned whether China’s domestic economy can supplement the revenue gap. […]
Russia is among those countries that have been hardest hit by the global economic crisis. The country’s leadership can help avoid long-term economic and social problems by taking quick and targeted action to mitigate its impact on households. […]
The economic crisis may force policy makers to revise their view that open borders are a good thing. Now is the time to take bold steps to forestall a protectionist resurgence. […]
Policymakers ought to recognize the potential for an extended economic downturn and strive to do more to counteract the crisis. […]
The G-20 fell well short of an adequate response to the grave global economic situation at its summit in London this week, but took a big step in recognizing the increasing significance of developing economies in the global economy and reflecting their interests. […]
Global depression is not the most likely scenario to result from the financial crisis, but it’s foolish to ignore the possibility. At the G-20 meeting this week, leaders must increase domestic stimulus measures, triple the IMF’s resources, and renew their commitment to avoid protectionism. […]
Although recovery from the global financial crisis will likely occur in 2010, forecasts are imperfect and great economic damage has already been done. Leaders at the upcoming G20 summit must adopt more ambitious and coordinated policies to address this crisis. […]
Drops in Chinese export figures and declines in world GDP suggest there will not be an economic recovery in the fourth quarter of 2009. The upcoming G-20 meeting must focus on halting the contraction as opposed to reforming the financial architecture. […]
Aggressive action is needed to address the global financial crisis, but bailouts could—if not orchestrated carefully—provoke a devastating global trade war. Leaders at the G20 meeting on April 2 must devise a coordinated and transparent plan to re-ignite growth and avoid a resurgence of protectionism. […]
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