German Chancellor Merkel's recent comment that "I don't see anything which signals a recession in Germany" is just one sign of the current complacency about the global economy within the Western political elite. Long-standing readers will remember Profs Eichengreen and...
The blog is still shocked by the terrible events in Japan. It would like to express its deepest sympathy to all those who have suffered loss. For those of us far away from the disaster, life has to go on....
World trade fell 12% last year, its worst decline since 1945. First estimates also suggest global GDP fell 2.2%, according to Pascal Lamy, head of the World Trade Organisation. This confirms the World Bank's fears back last March, that the...
The latest report from the 'central bankers' bank' provides an excellent analysis of what might go wrong in the world economy over the next 2 – 3 years. Anyone interested in scenario planning will find its conclusions valuable....
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