Is the New Stagflation Policy-Proof?

Is the New Stagflation Policy-Proof?

Like the COVID-19 pandemic, Russia’s war in Ukraine has contributed to the stagflationary pressures in the United States and other advanced economies. While fiscal and monetary authorities currently have the situation under control, they are likely to run up...
Russia’s War and the Global Economy

Russia’s War and the Global Economy

It is tempting to think that the war in Ukraine will have only a minor economic and financial impact globally, given that Russia represents merely 3% of the world economy. But policymakers and financial analysts need to avoid such wishful thinking. NEW YORK – In late...
Clouds Over 2022

Clouds Over 2022

Although major economies and markets fared well in 2021 despite all of the uncertainties surrounding new variants of the coronavirus, 2022 will bring new challenges. In addition to central banks shifting toward policy normalization, geopolitical and systemic risks are...
What South Africa Must Do

What South Africa Must Do

NOURIEL ROUBINI, COLIN COLEMAN Locked in a low-growth trap, South Africa’s fiscal and macroeconomic situation is unsustainable, not only economically but also politically. To salvage the country’s democratic project, the government must offer a...