The war with Iran is widening faster than many expected. The Islamic Republic’s retaliation against Arab Gulf states has extended beyond military targets to critical civilian infrastructure, including airports, water desalination plants, and energy facilities...
GENEVA – This summer, US President Donald Trump dropped a tariff hammer on nearly 100 countries, jolting markets, provoking protests in allied capitals, and sending trade lawyers scrambling. While the White House says it is using tariff leverage to fix trade deficits (among other rationales), the numbers tell a different story...
As the world becomes more volatile and confusing, policymakers, business leaders, and investors will need to rethink the mental models they use to analyse the global economy. Specifically, they should pay attention to three structural dynamics that are altering the global landscape: capital flows, demographic shifts, and political ideology, which are ushering in a more fragmented and siloed world...
LONDON/BEIJING – The world is in the midst of a financing crisis. As world leaders work to mobilise trillions of dollars to meet climate and development goals, expensive public debt is limiting governments’ ability to make long-term investments. A long-term framework for low-interest financing of global public goods is urgently needed...
Pakistan’s long history of fiscal mismanagement has saddled the country with a crushing debt burden. Interest payments on the public debt consume a staggering 60 per cent of government revenue. And external-debt repayments coming due over the next five years amount to nearly $70 billion, dwarfing the $11 billion in foreign-exchange reserves held by the central bank...
A few decades ago, India was a relatively minor player on the world stage. Despite its size and vast population, the country grappled with what became pejoratively known as the ‘Hindu rate of growth,’ with GDP increasing at a tepid annual pace of 4 per cent or 2 per cent per capita from 1947, when it gained independence, until the 1980s...
