6. COVID-19 pandemic, global economic crisis, energy use, and CO2 emissions nexus There are a number of channels by which an infectious disease can affect the economy (i.e., direct and indirect). In spite of having a relatively small number of deaths and cases, estimates of the macroecon...
The International Monetary Fund (IMF) on Tuesday projected the global economy to grow by 3.2 percent this year and 2.7 percent in 2023, with a downward 0.2-percentage-point revision for 2023 from the July forecast, according to the latest World Economic Outlook (WEO) report.The global eco...
However, these circumstances will only improve in line with geopolitical developments, which means the world's countries will need to step up their collective economic cooperation in order to boost global growth and stability, and ensure 2023 is a year of global economic recovery. While this is c...
The year 2023 is proving to be another challenging year for the global economy. Amid the global inflation crisis and the impact of the Ukraine crisis, overall growth across the board is low. Some major economies, such as the eurozone, are officially in a state of recession. Others, like th...
International Lending and Crisis Michael Melvin, Stefan Norrbin, in International Money and Finance (Tenth Edition), 2023 Summary 1. The Latin American debt crisis in the 1980s had threatened the solvency of large banks and creditors, so debts were rescheduled to postpone the repayments rather tha...
BEIJING, Oct. 16 (Xinhua) -- The post-pandemic year of 2023 has seen a flurry of diplomatic activities in China, prompting headlines in Western media claiming that "All roads lead to Beijing." The embellishment doesn't seem too far-fetched. This week, representatives from more than 140 cou...
As economies recover from the recent energy crisis, there is opportunity to reflect on the progress of the energy transition. For example, 2023 saw strong growth in the build-out of multiple low-carbon technologies for energy production and consumption. Despite uncertaint...
U.S. Treasury Secretary Janet Yellen said the impact of deal not being reached would trigger an "economic and financial catastrophe." If it happens, such a crisis would be highly consequential and can be expected to accelerate a move away from the dollar as the global reserve currency. ...
January 11, 2023- GDP forecasts improve; central banks sustain inflation battle amid cost-of-living crisis; China further eases pandemic restrictions, noting risks. Article Global Economics Intelligence executive summary, November 2022 December 14, 2022- ...
The key to success is resilience: the ability to navigate through crises, and the capacity to adapt and succeed in the face of constant disruption. PwC’s Global Crisis and Resilience Survey 2023 delves into how organisations are directing their resources, efforts, and investments toward building ...