Commentary / World Feb 27, 2020
How fast can a virus destroy a supply chain?
by Tyler Cowen
Just-in-time networks are very efficient but extremely fragile.
Commentary / Japan Feb 25, 2020
COVID-19 crisis could get much worse
by Brad Glosserman
Failure to contain the coronavirus outbreak could trigger a global recession, which would have an outsize impact on Japan.
Commentary / World Feb 25, 2020
Fears over COVID-19 threaten globalization rule book
by Peter Apps
What the international spread of the coronavirus would bring with it politically, culturally and economically remains a mystery.
Business | FOCUS Feb 24, 2020
G20 finance chiefs offer few reassurances on global economy amid coronavirus chaos
by Miya Tanaka
The epidemic shows no signs of abating in the world’s second-largest economy and fears over a wider regional outbreak continue to grow.
Business | FOCUS Feb 23, 2020
At G20 meeting, globalization comes under fire amid coronavirus 'stress test'
Finance chiefs from the world's largest economies are realizing the coronavirus isn't just a short-term threat to global growth — it is exposing the vulnerabilities of globalization itself. As finance ministers and central bank governors kicked off their Group of 20 meeting in Riyadh, Saudi ...
Business Feb 21, 2020
Japan and Australia economies already feeling impact from COVID-19
Asia's biggest economies are already feeling the brunt of new coronavirus COVID-19. Key gauges for manufacturing in Australia and Japan have fallen while early export orders for South Korea show a slump in Chinese demand. The warning signs come as finance chiefs from the Group of ...
Business / Economy Feb 20, 2020
Coronavirus poses risks to fragile recovery in global economy, says IMF
The outbreak of new coronavirus COVID-19 has already disrupted economic growth in China, and further spread to other countries could derail a "highly fragile" projected recovery in the global economy in 2020, the International Monetary Fund warned Wednesday. In a note for G20 finance ministers ...
Business Feb 17, 2020
Global economic policy hinges on China's next move amid coronavirus
by Enda Curran
The broad policy direction for many of the world's central banks and governments now hinges on one question: How will the Chinese government respond to the economic shock caused by the coronavirus? The Communist Party's elite Politburo has urged the nation to meet its economic ...
World Feb 15, 2020
Global defense spending saw its biggest jump in a decade in 2019, driven by the U.S. and China, a study said Friday, as rivalries and conflicts stoke military investment. The International Institute for Strategic Studies (IISS) said the 4 percent rise, compared to a year ...
Business Feb 10, 2020
Experts are getting creative to measure coronavirus blow to economy
by Michelle Jamrisko
It's a mad scramble for the best data: Economists are grappling with ways to gauge the real-time impact of the coronavirus on the world economy, even as the outbreak continues to confound forecasters. Store closures, flight-tracking websites, factory shutdowns and the latest numbers on infections ...
Business Jan 31, 2020
Economist who counted $40 billion cost from SARS predicts far bigger hit from new coronavirus
The global cost of the coronavirus could be three or four times that of the 2003 SARS outbreak, which sapped the world's economy by $40 billion, according to the economist who calculated the SARS figure. The sheer growth in the Chinese economy over the last ...
Commentary / World Jan 26, 2020
Building cooperation in an unsettled world
by Borge Brende
There is still an opportunity to steer the world toward cooperation and away from potentially damaging competition.