Once again, the world’s most powerful countries and business and political leaders converged for the Annual World Economic Forum Summit at Davos in January 2025. But what a changed environment it is, this time. With Trump inaugurated for his second non-consecutive term, the world is bracing itself for more chaos, disruption and uncertainty. The context… Continue reading The New Year, Trump Tariffs and the Davos World
The last time the world saw a tariff and trade war it was 2017, in Trump’s first term as President of the US when he took on the world’s second largest economy, China, in a tariff war. It ended with China too imposing retaliatory tariff increases on American imports and before we knew it, Europe… Continue reading The World Economy Bracing for Trump 2.0
As India prepares to go to the polls tomorrow in the largest democratic exercise in the world, it might be time to also think of elections that have already taken place this year and the others yet to come. I am looking at it from the point of view of the larger political shifts that… Continue reading Where Geopolitics Can Take the Global Economy
We’re nearing the end of 2023, and it appears that most economies have managed to stave off a recession, except Germany, Austria, Poland and Sweden among advanced economies that might still close the year a little in the cold. Ireland too looks surprisingly weak in 2023, but not if you consider the previous two years… Continue reading What To Expect from the Global Economy in 2024
There is no excerpt because this is a protected post.
It’s June 2023 and the third summer after Covid lockdowns were relaxed in most parts of the world, and when economies began emerging out of the pandemic crisis. It’s also the third year, therefore, of anomalies in economic data correcting themselves, thanks to base effects both positive and negative tapering off. They haven’t entirely disappeared,… Continue reading How the Global Economy is Recovering from Post-Pandemic Effects
Last year ended with the grand announcement that 2023 would be India’s presidency of the G20 group of countries. The Prime Minister unveiled a new logo for the G20 along with the theme of Vasudhaiva Kutumbakam, an ancient Sanskrit concept that stresses the oneness of all humanity. I remember writing about this concept in one… Continue reading India’s G20 Year
Even in ordinary times, it is too much to expect consistency in economic policies from many governments. And these are anything but ordinary times. Yet, it is in turbulent times that we need consistent and relevant economic policies. Emerging from two years of a devastating pandemic, the global economy has had to deal with wild… Continue reading Winds of Change Affecting Economies
In my second Owleye column on my blog, I had called the geopolitical tensions emanating out of Russia and China at the time a red herring. I had written that the world, especially the media, were busy talking up the threat of war by Russia and China over Ukraine and Taiwan respectively. I was wrong.… Continue reading Geopolitical Tensions Derailing Economic Recovery
Emerging out of the Covid-19 pandemic, global economic recovery is proving to be a tricky business, requiring a delicate balancing act by governments and central banks. This is because most of the world has racked up huge amounts of debt, while trying to stimulate their economies, in addition to the debt they already had. Western… Continue reading World Caught Between Soaring Inflation and Debt
Peripatetic Perch 