Macroeconomy & Globalization

The world's poorest countries suffered from civil wars, ethnic and sectarian strife and then COVID-19 came along making bad situations worse.

Western sanctions have failed to harm Russia's economy enough to stop the war, and the country's good-faith efforts to repay international investors may win sympathy for a new global financial order.

Economies depend on productivity growth to raise wages and living standards. Why isn’t an era of unprecedented innovation also seeing major gains in productivity?

The slowdown in developed economies will be offset by growth in emerging markets says the IMF in its new World Economic Outlook.

Growth slowed down since January but will rebound from late 2019 as central banks take a patient approach to monetary tightening and China boosts its economy, the IMF chief says.

China is rising, the US is falling, and some developing nations in Africa are outperforming according to the 2018 edition of the Global Innovation Index.

U.S. President Donald Trump's withdrawal from the Trans-Pacific Partnership prompted the other 11 nations that were party to the agreement to forge ahead in a new pact without the U.S.

Following the Trump administration’s launch of tariffs on steel and aluminum, the director-general of the World Trade Organization (WTO), Roberto Azevêdo, spoke again with Global Finance, about the global body’s role and the expanding trade tiffs that could set off another worldwide economic collapse.   

The head of the world’s largest economic cooperation organization speaks one-on-one with Global Finance about the pace of international trade—and the risks that confront it.

According to a Cambridge Econometrics report a “hard Brexit,” in which the country would leave both the EU customs union and the single market, could cost the UK almost half a million jobs and about $64.7 billion in investment by 2030.

The UK’s decision to leave the EU and the dwindling strength of German Chancellor Angela Merkel, who saw her party diminished in Germany’s recent federal elections, have given Macron a rare chance to bolster French influence.

Overall global FDI declined last year with developed economies seeing a decrease in flows even as developing economies saw an increase.

An intellectual property (IP) rights’ victory in China for the Danish toymaker will also give  comfort to other Western consumer-goods companies struggling with similar issues.

The deal sends a strong signal that two of the world’s major exporters still believe in the merits of open markets.

Japan approved new carrot-and-stick tax measures to bring corporate tax down to 25% for companies that raise wages by 3%, and to as low as 20% for those that invest in new technologies such as ICT and internet-of-things, on Thursday. 

ManuelJesus Bautista, Governor, Central Bank of Honduras won an “A” grade in Global Finance’s annual Central Banker Report Cards 2017. He spoke with magazine editor Andrea Fiano about the growth prospects for Honduras' economy and how the country could see an increased rate of inflation for 2017.

Hector Valdez Albizu, Governor, Central Bank of Dominican Republic, spoke with Global Finance magazine editor Andrea Fiano about the country's fiscal and monetary policies, relations with the IMF and the road ahead for Dominican Republic's economy.

Carlos Fernandéz Valdovinos, governor of the central bank of Paraguay, was among the world’s top central bankers in Global Finance Magazine’s annual Central Banker Report Cards. Here, he talks with GFMag editor Andrea Fiano about how recovery in big neighboring economies is giving the Paraguayan economy a lift, and the need for reforms to continue.

Riad Salamé, governor, Banque du Liban, talks with Global Finance Magazine editor Andrea Fiano about Lebanon’s need to build infrastructure and reserves, and the central bank’s efforts to boost growth from around 2.5% to around 6% by boosting tech startups and entrepreneurship generally.

Karnit Flug, governor of the central bank of Israel, again won an “A” grade in Global Finance’s annual Central Banker Report Cards. She speaks with editor Andrea Fiano about Israel’s economy and the challenge of getting inflation to target, as well as global conditions and the threat of rising protectionism.