Analysis

An IMF Bridge to Somewhere for Greece?

The International Monetary Fund has resurrected an old technique – commonly used in the 1980s during the Latin American debt crisis – that would allow Greece to avoid a payment default next month on debt owed to European creditors.
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Midwives deliver lives

The past few decades have brought incredible progress for women and children’s health. Since 1990, preventable child deaths have declined by 50%, and maternal mortality has fallen by 45%.
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Urbanization 2.0

We are now in the final days of the industrial age. Just as the second generation of steam engines propelled the Industrial Revolution forward, so, too, are new technologies advancing today’s digital revolution.
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Trumping the Dollar

One of the more fascinating developments in the seven months since US President Donald Trump was elected has been the trajectory of the US dollar, relative to other major currencies.
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Xi Jinping’s Marco Polo Strategy

Last month, Chinese President Xi Jinping presided over a heavily orchestrated “Belt and Road” forum in Beijing. The two-day event attracted 29 heads of state, including Russia’s Vladimir Putin, and 1,200 delegates from over 100 countries.
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Vive l’Euro?

Emmanuel Macron’s victory in the French presidential election on May 7 triggered a surge of optimism about the future of the European Union, and the eurozone in particular.
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The divergence of US and British populism

Britain, France, the United States – which is the odd one out politically? The answer seems obvious. Last year’s Brexit referendum in the United Kingdom and the election of Donald Trump in the United States were the twin symbols of populist revolt against global elites.
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Understanding today’s stagnation

Ever since the “Great Recession” of 2007-2009, the world’s major central banks have kept short-term interest rates at near-zero levels. In the United States, even after the Federal Reserve’s recent increases, short-term rates remain below 1%, and long-term interest rates on major government bonds are similarly low.
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Trump’s loose lips and America’s intelligence relationships

Telling someone a secret is an act of faith. Sharing intelligence with an ally is no different. By disclosing intelligence provided by a US ally to the Russian foreign minister and ambassador in an Oval Office meeting last week, President Donald Trump indicated that he cannot safely be trusted – and caused profound damage to US national security.
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Taking Eurozone growth seriously

I have been out of the world of international finance and economic forecasting for more than four years, but much of what I learned during my 30 years working full-time in the field still influences how I view the world.
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Toward a global treaty on plastic waste

If there are any geologists in millions of years, they will easily be able to pinpoint the start of the so-called Anthropocene – the geological age during which humans became the dominant influence on our planet’s environment. Wherever they look, they will find clear evidence of its onset, in the form of plastic waste.
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