economic crisis
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New Opportunities 2021: A humble hope
The GIS New Opportunities 2021 series concludes with an essay from Dr. Svyatoslav Kaspe on hope for the future. Humankind can take heart that the worst predictions for doom and gloom did not come to pass in 2020, though neither did the most optimistic of forecasts. This leaves us with a simpler hope that might offer some comfort.
New Opportunities 2021: Post-pandemic social cohesion in the United Kingdom
In the United Kingdom, as elsewhere, Covid-19 has exposed deep rifts in society and devastated the economy. And yet, it has also brought families together, showed the value of immigrant communities and reminded people of what really matters. In our opening essay for our 2021 outlook series, Lord Alton of ...
The Fed and ECB: Average inflation targeting for two
Central banks have long maintained that price stability means 2 percent inflation. Now we hear from the U.S. Federal Reserve and the European Central Bank that it actually means “average” 2 percent inflation. This seemingly small change in the banks’ mission aims to contain and sustain public debt, not inflation.
Post-Covid recovery is not the main challenge ahead
The statistics describing the condition of the world economy three months after the lockdowns seem reassuring: We have not had a V-shaped recovery but GDP growth in the second part of 2020 appears to be firming up and predictions for 2021 are optimistic. However, trouble is brewing in labor markets.
What to expect from the U.S. on Venezuela?
With two months to go until the 2020 presidential election, U.S. policy on Venezuela faces new urgency. While the country has been used as a political football for domestic reasons, the crisis in Venezuela has serious consequences for the interests of America and its regional partners. Resolving that crisis is ...
