By Pedro Sousa * The second in a series of five articles Multilateralism and the recent rise of regionalism The growing regional focus is what we have heard about in the news in recent years. In 2015, we saw a major move … Continue reading Global Macroeconomic And Financial Coordination System Needs To Act Collectively – Part 2: Multilateralism and the recent rise of regionalism
By Pedro Sousa * The first in a series of five articles The effort to revive international macroeconomic coordination began in response to the 2008 global financial crisis. The G20 then became the preeminent global economic grouping. It would be somewhat expected … Continue reading Global Macroeconomic And Financial Coordination System Needs To Act Collectively – Part 1
By Pedro Sousa As we examine the state of the global economy, information suggests we are in an era of very limited growth. Larry Summers might be right in describing this as “secular stagnation“. Does this mean we are facing economic crisis in 2016? Maybe not, but the global economy is vulnerable. Nowadays, most OECD governments don’t have the financial muscle to kickstart their economies towards higher growth. Plus, as we have seen within the EU, there is a lack of political union to agree to put more money into the economy. Lack of economic governance is hindering the potential … Continue reading Crisis or not?
By Luisa Porritt Global growth disappointed last year, and market sentiment is being driven by fears it will remain weak or even weaken through 2016. The factors worrying stock market investors are hardly new. For years there has been talk of China suffering from a hard landing, and its transition from a manufacturing-based economy to one that is services oriented is now becoming apparent. Markets are figuring out how to price that shift in and to what extent this will continue to impact global demand. Part of the uncertainty will be around timing: how long will this process take? What … Continue reading Crisis or not?