Commentary Investor sentiment is clearly bullish. The CNN Fear and Greed Index for June 18, 2023, stood at 82, which signals “extreme greed.” This is a drastic, optimistic move after closing at “greed” (56 over 100) a month before and “extreme fear” (17 over 100) only one year ago. However, in the same period, the…

Lant Pritchett says the world’s wealthiest nations will face a significant labor shortage, and labor mobility is the best way to deal with it. Pritchett is an economist and research director for the Labor Mobility Partnerships (LaMP). He joined Simon Johnson, professor of entrepreneurship at the Massachusetts Institute of Technology’s Sloan School of Management, on…

Ten years after the worst industrial accident in the garment industry’s history, labor leaders say much has been done to improve conditions. But much more remains to be done. “We are not dying [by the] hundreds like 2013,” said Kalpona Akter, an activist and labor organizer from Bangladesh. “We still have a long way to…

The pandemic triggered supply chain chaos in the past two years, which also provided the United States a chance to see America’s vulnerability in shipping bottlenecks, given that less than 100 ships out of a global fleet of 50,000 are American. As the concern that China could weaponize its growing control over supply chains and…

The pandemic triggered supply chain chaos in the past two years, which also provided the United States a chance to see America’s vulnerability in shipping bottlenecks, given that less than 100 ships out of a global fleet of 50,000 are American. As the concern that China could weaponize its growing control over supply chains and…

The global economy is predicted to register a slower growth this year, continuing the trend from last year, with the United States also poised to mark a smaller pace of growth and several countries likely to see a “mild recession,” according to the United Nations. Global economic growth in 2023 is projected to be 1.9…

The global economy will come “perilously close” to slipping into a recession this year, the World Bank warned in its latest semi-annual report. The international lender slashed its global economic growth forecast by close to half, to 1.7 percent, led by slowing growth in the world’s top economies of the United States, Europe, and China….

As the world faces a string of financial challenges, the outlook for the global economy in 2023 is growingly increasingly rife with uncertainties. Higher interest rates, out-of-control inflation, ongoing supply-chain issues stemming from the COVID-19 pandemic, an energy crisis, Russia’s invasion of Ukraine, and other geopolitical events have been key themes this year, and will likely…

Commentary  It began in Australia when its central bank publicly and clearly stated its quandary. Consumer prices are rising too quickly there as elsewhere, yet more and more it appears as if those prices are leading the country, like the rest of the world, into dark recession. What to do as a central banker? The…

Commentary Almost three years ago, the masters of global finance and public health thought they had everything under control. They believed that they were carefully calibrating the machinery of power, pushing and pulling all the right levers, twisting and turning knobs on their control panels, to both manage a pandemic with a shutdown while mitigating…