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Drawing Further Apart: Widening Gaps in the Global Recovery
The global economic recovery continues, but with a widening gap between advanced economies and many emerging market and developing economies. Our latest global growth forecast of 6 percent for 2021 is unchanged from…
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The Behavioral Economics Manifesto Gets Revised
“The basics of behavioral economics are really sound because they’re kind of obvious,” Thaler says. It’s obvious, he says, that people aren’t perfectly rational. It’s obvious that they suffer from self-control problems and…
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How “Chaos” In the Shipping Industry Is Choking The Economy
On both land and at sea, the entire supply chain is struggling to keep up. In the Pacific Northwest, it’s become such a clusterfest that the U.S. Coast Guard has been redirecting boats…
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Monetary Policy at a Crossroad: Policymakers Need to Break Promise of Easy Money to Avoid Boom-Bust
The Federal Reserve's new policy approach is that policymakers want to see "actual progress, not forecast progress" before deciding to change its policy stance. Substantial actual progress is occurring in the economy, some…
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Biden vs. Biden on China
If Biden talked about China in 2020 like he did back in 2000, he might have lost the election. Three-quarters of Americans now have an unfavorable view of the country — up from…
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[INFOGRAPHICS] Top 10 Banks in the World
Based on Tier-1 capital base, ICBC remains the biggest bank in the world followed by the China Construction Bank and the Agricultural Bank of China. We note that the first 4 biggest banks…
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What Beer Sales Tell us about the Recession
Craft beer sales are surging at stores, but craft breweries are still struggling. Cheap beer is surging, but it’s still losing market share. That’s because the economics of the beer business are complicated.…
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Why Reopening Isn’t Enough To Save The Economy
This article provides key insights of a blockbuster study that was dropped late last week by a gang of economists led by Harvard's Raj Chetty.
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The World, Africa, West Africa and Nigeria’s Economy in 2018
In 2018, the International Monetary Fund (IMF) put the value of all goods and services produced in the world at $84.74 trillion with the United States as the largest economy in the world…
