Tag - global-economy

 
 

GLOBAL ECONOMY

The rural economy has been hurt by a drop in the output of some key crops, such as wheat, in the past three years due to a rise in temperatures, patchy monsoon rains and falling reservoir levels.
ASIA PACIFIC
Feb 1, 2024
World-beating growth? Not for India's rural majority
For many in rural India, which is home to 60% of its 1.4 billion people, the country's so-called spectacular economic growth is nowhere in sight.
At the heart of European Union thinking about economic security is fear that economic dependencies will be weaponized.
COMMENTARY / Japan
Jan 30, 2024
EU’s dilemma: balancing national and economic security
At the heart of EU thinking about economic security is fear that economic dependencies will be weaponized.
Given that developing countries’ domestic markets are much smaller than that of the U.S., liberal trade policies play a larger role in driving their economic growth.
COMMENTARY / World
Jan 31, 2024
Developing countries should reject American-style protectionism
America’s current industrial policy poses an existential threat to the multilateral trading system it worked so hard to build
This year was set to be a tumultuous one for global markets, with unpredictable swings as economic fortunes diverge and voters in more than 50 countries go to the polls. But there’s one unforeseen reversal already underway: a change in perception among investors about China and Japan.
BUSINESS / Economy
Jan 26, 2024
As China’s markets stumble, Japan soars toward record highs
China has not struggled for economic growth like Japan, but a protracted property market collapse has shredded consumer and investor confidence.
Gross domestic product data released on Thursday showed the U.S. economy ended the year with a bang, while China is struggling under the weight of a yearslong real estate bust and its worst streak of deflation in some 25 years.
BUSINESS / Economy
Jan 26, 2024
U.S. extends lead over China in race for world’s biggest economy
China was expected to experience a fast recovery as it reopened its economy fully after strict COVID-19 lockdowns, but that hasn't happened.
According to the the U.N. Conference on Trade and Development, international economic activity is expected to slow amid changing trade patterns.
COMMENTARY / World
Jan 23, 2024
From 'hyperglobalization' to 'thin globalism'
How geopolitics, pandemics, and economic tensions are transforming global trade.
Coming out of the pandemic, job vacancies were historically high in the U.S. because firms needed workers and could not find them.
COMMENTARY / World
Jan 23, 2024
This year will mark the end of the post-pandemic economy
The trade-off between bringing down inflation and harming growth will come back with a vengeance in the post-pandemic economy.
Ajay Banga, president of the World Bank Group, during a panel session at the World Economic Forum in Davos, Switzerland, on Jan. 17
BUSINESS
Jan 23, 2024
World Bank chief eyes 'bigger' institution to tackle climate crisis
Ajay Banga said the bank is working to widen the way it looks at problems and increase collaborations with other institutions.
The rupture of one of the world's busiest shipping routes has exposed the vulnerability of China's export-reliant economy to supply snarls and external demand shocks.
BUSINESS / Companies
Jan 22, 2024
Red Sea crisis pressures China's exporters as shipping delays mount
Further Red Sea disruptions would pile pressure on a struggling economy already contending with a property crisis and weak consumer demand.
Former U.S. President and Republican presidential candidate Donald Trump holds a rally in advance of the New Hampshire presidential primary election in Rochester, New Hampshire, on Sunday.
BUSINESS / Markets
Jan 22, 2024
Trump’s 2016 win shook markets. Traders won’t get fooled again.
Wall Street is already starting to game out the impact of Trump’s possible return to the White House.
The risks are particularly evident in Asia, home to some of the world’s worst-performing major currencies against the greenback.
BUSINESS / Economy
Jan 19, 2024
Dollar dominance is triggering intervention fears across markets
The greenback's recent spike is a reality check to investors betting on dollar weakness and for the authorities hoping for a respite.
Doubts about China’s official investment statistics — which measure spending on things like housing, factories and infrastructure — have been fueled by frequent revisions in recent years, and the latest data implies an unusually large adjustment.
BUSINESS / Economy
Jan 19, 2024
Did China’s economy really grow 5.2% in 2023? Not all agree
Doubts over Chinese data, particularly on investment, have resulted in alternative calculations that put its GDP growth last year at as low as 1.5%.
Chinese President Xi Jinping and Hong Kong's new chief executive, John Lee, take part in a swearing in ceremony to inaugurate the city's new government on July 1, 2022.
COMMENTARY / World
Jan 17, 2024
Hong Kong‘s choice: National security or a global role?
Hong Kong tries to maintain its international status and economic role amid challenges posed by China's National Security Law and other political developments.
Chinese Premier Li Qiang arrives on stage during the annual meeting of the World Economic Forum in Davos, Switzerland, on Tuesday. 2024.
BUSINESS / Economy
Jan 17, 2024
China sees one of its worst years of growth since 1990 as recovery stalls
China's National Bureau of Statistics revealed that gross domestic product expanded 5.2% to hit 126 trillion yuan ($17.6 trillion) last year.
Li Qiang at the World Economic Forum on Tuesday
WORLD / Politics
Jan 17, 2024
In Davos, Chinese premier takes aim at trade 'barriers'
Li's remarks came as the World Economic Forum's 54th annual conference is preoccupied with a slew of global risks, including wars in Ukraine and Gaza.
The "wolf warrior" metaphor is used for Chinese diplomats who are known for aggressively making their country’s case on the world stage.
COMMENTARY / World
Jan 16, 2024
Doves, pandas and dragons: Decoding the global political zoo
Animal metaphors help us reflect on the rich and varied landscape of foreign policy discourse.
A vehicle carrying Chinese Prime Minister Li Qiang arrives during an official visit in Kehrsatz, near Bern, in Switzerland, on Monday. Li is visiting Switzerland to attend the World Economic Forum in Davos.
WORLD / Politics
Jan 16, 2024
China set to woo global elites with large delegation at Davos forum
Chinese Prime Minister Li Qiang will make a special address on Tuesday, and will be the most senior Chinese official to attend Davos since President Xi Jinping in 2017.
Farmers dry coffee beans at the Thiririka farming cooperative in Kiambu County, Kenya, in November 2022.
COMMENTARY / World
Jan 15, 2024
Is it time for a coffee cartel?
If farmers in the developing world are prevented from getting their fair share from coffee production they should take matters into their own hands.
U.S. President Joe Biden in Charleston, South Carolina, on Jan. 8
WORLD / Politics
Jan 14, 2024
Biden refines economic pitch for 2024 in bet worst is behind him
Biden’s messaging blitz hinges on whether consumers buy it.
Hyundai Motor's Casper mini sport utility vehicles on a production line at a factory in Gwangju, South Korea, in October 2021
COMMENTARY / World
Jan 10, 2024
A hidden hero will drive Korean trade closer to the U.S.
The U.S. is fast catching up to China as a destination for South Korean goods, lagging by just 1.4 percentage points last year.

Longform

Rows of irises resemble a rice field at the Peter Walker-designed Toyota Municipal Museum of Art.
The 'outsiders' creating some of Japan's greenest spaces