While China obviously needs to boost private-sector confidence and revive growth with a more sustainable economic model, it is not clear that Chinese leaders fully appreciate the challenges they face. The shift back to state capitalism over the last decade is plainly...

Although the world is beset by wars, rising great-power tensions, and other geopolitical risks, most of these factors have not radically affected the outlook for economies and markets in the near term. But that could change if the United States returns to an...

There is no shortage of hope – and hype – about what artificial intelligence could do for productivity and economic growth in the future. But we must bear in mind that our politics have proven too dysfunctional, and our policies too misguided, to manage even the most...

Heading into 2024, most economists and market analysts have adopted a baseline scenario in which most major economies avoid both a recession and renewed inflation – the much-desired "soft landing." But the current encouraging consensus could still be derailed by any...

It is now common knowledge that economic, monetary, and financial threats are rising and interacting in dangerous ways with various other social, political, geopolitical, environmental, health, and technological developments. And there is little reason to believe that...

With Israel embarked on a military campaign to eliminate Hamas from Gaza, it remains to be seen whether the conflict will escalate into a broader regional war. If it does, the global economic fallout could include a 1970s-style...

To prevent catastrophic climate change and accelerate the global transition to a net-zero economy, policymakers and asset owners urgently need to rethink how we channel capital at scale. The key is to develop new financial instruments that are profitable, liquid, and...

China and America both need to pursue policies that will reduce economic and geopolitical tensions and foster healthy cooperation on global challenges. If they fail to achieve a new understanding on the issues driving their current confrontation, they will eventually...

Israel's right-wing government has raised alarms around the world with its plans to disempower the judiciary. But while most of the criticism has focused on the implications for Israeli democracy, the "reforms" pose an equally salient threat to Israel's economy, labor...

While a severe hurricane for the global economy looks less likely than a few months ago, we are still likely to encounter a tropical storm that could cause significant damage. Much will depend on how major central banks confront the trilemma of simultaneously...