Last month, the US men’s national soccer team lost a game that knocked the US out of the 2018 World Cup. One prominent commentator called it “the most surreal and embarrassing night in US soccer history,” and its economic consequences will be significant and long-lasting.
India has a $2 trillion dollar economy that's growing. But monsoons continue to have outsized effects on year-to-year growth, affecting everything from inflation to foreign investment.
Last week, Japan’s Cabinet Office released the country’s second-quarter GDP report. It contains some real surprises, including a notable uptick in consumer spending. But experts and policymakers remain baffled by the country’s flat inflation levels, a serious problem given Japan's massive public debt.
Last week, the US Trade Representative Office released a summary of objectives for NAFTA renegotiation, which will likely begin next month. We explain the Trump administration's change in strategy and why the renegotiation is so important.
President Trump’s visit to Warsaw highlighted Poland’s steady rise to economic prominence over the last two decades. The Eastern European nation is now poised to join the ranks of IMF advanced economies. The last country to make that leap was South Korea 20 years ago.
The World Bank projects global growth to improve to 2.7 percent in 2017, up from a decade-low 2.4 in 2016. Growth rates should further improve over the next two years. We summarize the important points of the World Bank's recent Global Economics Prospects report and take a look at its forecasts for five critical global economies.
In 2009, Greece was sucked into a vortex of mounting public debt, austerity measures, workers’ strikes, referendums and bailouts that’s still spinning. Last week, Greece and its creditors announced an agreement for more Greek austerity measures in exchange for more bailout funds.
IMF chief Christine Lagarde spoke last week at the American Enterprise Institute in Washington, DC. She warned global policymakers that they need to take steps now to spur productivity growth.
Air pollution caused by industry and global warming has spawned a strange new market in China: the selling of canned "fresh" air.
A newly opened railway line in East Africa was funded by Chinese banks and constructed by Chinese companies. That project and other China-backed railways in Africa may be evidence that China’s global aspirations are growing while the US's are shrinking.
On November 8, Indian prime minister Narendra Modi declared that two of his country’s most-used bank notes would be worthless starting in January. This post explains Modi’s justifications for the experiment and its wide-ranging consequences.
Chinese President Xi Jinping’s speech this month to the World Economic Forum about the importance of globalization presented an unexpected and bizarre contrast to President Trump’s protectionist inaugural address. This post explains why some feel the US is in effect about to play the part of the 2003 Buffalo Bills to China’s 2003 New England Patriots.