MUMBAI – The ongoing weakness of America’s economy – where deleveraging in the private and public sectors continues apace – has led to stubb…

ISTANBUL – In the last four weeks, I have traveled to Sofia, Kuala Lumpur, Dubai, London, Milan, Frankfurt, Berlin, Paris, Beijing, Tokyo, I…

NEW YORK – Most observers regard unconventional monetary policies such as quantitative easing (QE) as necessary to jump-start growth in toda…

NEW YORK – The global economy this year will exhibit some similarities with the conditions that prevailed in 2012. No surprise there: we fac…

NEW YORK – The risks facing the eurozone have been reduced since the summer, when a Greek exit looked imminent and borrowing costs for Spain…

NEW YORK – The upswing in global equity markets that started in July is now running out of steam, which comes as no surprise: with no signif…

NEW YORK – The United States Federal Reserve’s decision to undertake a third round of quantitative easing, or QE3, has raised three importan…

PARIS – Financial markets have rallied since July on the hope that the global economic and geopolitical outlook will not worsen, or, if it d…

NEW YORK – Whether the eurozone is viable or not remains an open question. But what if a breakup can only be postponed, not avoided? If so, …

NEW YORK – While the risk of a disorderly crisis in the eurozone is well recognized, a more sanguine view of the United States has prevailed…

NEW YORK – Dark, lowering financial and economic clouds are, it seems, rolling in from every direction: the eurozone, the United States, Chi…

NEW YORK – The Greek euro tragedy is reaching its final act: it is clear that either this year or next, Greece is highly likely to default o…

NEW YORK – Since last November, the European Central Bank, under its new president, Mario Draghi, has reduced its policy rates and undertake…

NEW YORK – Today’s fragile global economy faces many risks: the risk of another flare-up of the eurozone crisis; the risk of a worse-than-ex…

RIO DE JANEIRO – Since late last year, a series of positive developments has boosted investor confidence and led to a sharp rally in risky a…

NEW YORK – Macroeconomic indicators for the United States have been better than expected for the last few months. Job creation has picked up…

NEW YORK – The outlook for the global economy in 2012 is clear, but it isn’t pretty: recession in Europe, anemic growth at best in the Unite…

NEW YORK – The eurozone crisis seems to be reaching its climax, with Greece on the verge of default and an inglorious exit from the monetary…

NEW YORK – This year has witnessed a global wave of social and political turmoil and instability, with masses of people pouring into the rea…

AMSTERDAM – The latest economic data suggests that recession is returning to most advanced economies, with financial markets now reaching le…

NEW YORK – The massive volatility and sharp equity-price correction now hitting global financial markets signal that most advanced economies…

NEW YORK – The eurozone crisis is reaching its climax. Greece is insolvent. Portugal and Ireland have recently seen their bonds downgraded t…

NEW YORK – Despite the series of low-probability, high-impact events that have hit the global economy in 2011, financial markets continued t…

NEW YORK – The countries known collectively as the PIIGS – Portugal, Ireland, Italy, Greece, and Spain – are burdened with increasingly unsu…

LONDON – I recently took two trips to China just as the government launched its 12th Five-Year Plan to rebalance the country’s long-term gro…