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Tag Archives: Global Economics & Governance

Covid-19 and emerging economies: What to expect in the short- and medium-term

This article was originally published in the Observer Research Foundation. As Brazil, Russia, India and Mexico record the fast spread of the Covid-19 contagion, a third wave of the pandemic is reaching the emerging world. As a result, business sentiment has decreased in March and April in the region. What’s more, as emerging economies gradually […] As Brazil, Russia, India and Mexico record the fast spread of the Covid-19 contagion, a third wave of the pandemic is reaching the emerging...

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COVID-19’s shock for emerging economies

COVID-19 is by far the biggest challenge policymakers in emerging economies have had to deal with in recent history. The pandemic is hurting emerging economies in at least three ways: by locking down their populations, damaging their export earnings and deterring foreign capital. Even if the pandemic will fade in the second half of the year, gdp in developing countries, measured at purchasing-power parity, will be 6.6% smaller in 2020 than the IMF had forecast in October. In this episode we...

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COVID-19’s reality shock for external-funding dependent emerging economies

COVID-19 is by far the biggest challenge policymakers in emerging economies have had to deal with in recent history. Beyond the potentially large negative impact on these countries’ fiscal accounts, and the related solvency issues, worsening conditions for these countries’ external funding are a major challenge. COVID-19 has brought to light a reality that had been mostly forgotten in an era of ample dollar liquidity: the excessive dependence of emerging economies on external financing. The...

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COVID-19 and India: economic impact and response

This piece was published the day before India imposed one of the world's strictest lockdowns in its response to the COVID-19 response. It remains relevant in assessing the government's actions in the ten weeks that have since passed. A group has been convened under the leadership of the Finance Minister to coordinate the government’s response to the economic and financial consequences for India of the COVID-19 virus. Some of these consequences are already evident; others will follow....

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Reading tea leaves from China’s two sessions: Large monetary and fiscal stimulus and still no growth guarantee

The announcement of a large stimulus without a growth target indicates that China’s recovery is far from complete. It was hard to think of a more important gathering than last week’s ‘Two Sessions’, during which Chinese political leaders were to guide all of us as to the way ahead for the Chinese economy. While this yearly event is always important, this year’s was crucial. 2020 marks the end of two key cycles of economic planning: the current Five-Year Plan, and the end of the 10-year period...

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China’s financial system: opening up and system risk

China is opening up its financial sector- What does that mean for China and the world? China’s financial sector has grown massively in size and has become systemically important. In addition, it has also become much more complex with increasing systemic risk. The cyclical -beyond the structural – deceleration that the Chinese economy is undergoing is one of the key risks that the Chinese financial system is facing. At the same time, China has decided to open up its financial sector to foreign...

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Bruegel annual report 2019

The Bruegel annual report provides a broad overview of the organisation's work in the previous year. The annual report includes an overview of Bruegel’s research, governance and financial statements, and takes stock of Bruegel’s accomplishments and impact during 2019. Bruegel will continue to work to develop a proactive European strategy to deal with all the challenges ahead, providing free and open access to its research.

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Singapore’s experience in dealing with COVID-19

A conversation with Dr. Vivian Balakrishnan, Minister for Foreign Affairs of Singapore, on how this city-state has tackled the coronavirus. Faced with the COVID-19 outbreak, governments have needed to act swiftly to combat the virus. Many countries currently have lockdown or measures alike in place. Yet, different countries approach the crisis in a noticeably different way. Dr. Vivian Balakrishnan, Minister for Foreign Affairs of the Republic of Singapore, join this live podcast recording...

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El Covid-19 en las economías emergentes

La tercera oleada de la pandemia llega al mundo emergente. ¿Qué esperar a corto y medio plazo?Al ‘shock’ económico inmediato podría seguirle una remodelación en la cadena de valor global. El Covid-19 hizo estragos en la economía china durante el primer trimestre de 2020 y hace lo propio ahora  mismo en Europa y Estados Unidos. Con la primera oleada de la epidemia, mientras se expandía el brote de coronavirus, el PIB de China experimentó una contracción del 6,8%. La enfermedad provocó la...

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China’s economy after COVID-19

The first country to be hit by the current pandemic, China has been at the forefront of the fight against COVID-19. What have been its impacts on the Chinese economy? What does it represent, more broadly, to the global economy? Are global supply chains really starting to be put into question? Today, Giuseppe Porcaro is joined by Alicia García-Herrero and Yiping Huang, Professor of Economics and Finance at the Peking University. By: The Sound of Economics Date: May 6, 2020 Topic: Global...

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