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  1. tyson93_Joe RaedleGetty Images_uscoronavirusunemployment Joe Raedle/Getty Images

    America’s Dual Recession

    Laura Tyson & Lenny Mendonca

    Before COVID-19 shut down entire sectors of the US economy, the US workforce was becoming increasingly polarized along educational, racial, and geographic lines. Now, those trends have been accelerating, underscoring the need for a smart, worker-focused policy response.

    worry that the pandemic is further polarizing the US labor market and the broader economy.
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    Dollar Sensationalism

    Barry Eichengreen

    The dollar’s fall in July to a two-year low against the euro was the catalyst for sensational headlines shouting that the dollar would soon meet its doom. But too much should not be read into the dollar's recent moves, which reflect readily explicable fluctuations, not the greenback's terminal decline.

    rebuts the idea that the dollar's recent weakening means that the global greenback has entered terminal decline.
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Onward, Big Tech Soldiers?

Featured in this Big Picture
  1. Graham Allison Graham Allison ,
  2. Joseph S. Nye, Jr. Joseph S. Nye, Jr. ,
  3. Jeffrey D. Sachs Jeffrey D. Sachs ,
  4. Eric Schmidt Eric Schmidt ,
  5. Shang-Jin Wei Shang-Jin Wei ,
  6. Ngaire Woods Ngaire Woods

US Secretary of State Mike Pompeo’s incendiary anti-China speech in late July provides a useful guide to the official thinking underlying the burgeoning Sino-American cold war. But Pompeo’s Christian millenarian worldview is not necessary to explain the two sides’ battle for technological supremacy.

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Europe Steps Up

Featured in this Big Picture
  1. Daniel Gros,
  2. Philippe Legrain,
  3. Christian Odendahl,
  4. Lucrezia Reichlin,
  5. Stephen S. Roach,
  6. Hans-Werner Sinn

European Union leaders have reached a landmark deal on a €750 billion ($867 billion) recovery fund intended to help those member states hit hardest by COVID-19. Next Generation EU, as the rescue package has been dubbed, could pave the way for the bloc to pursue far more ambitious reforms, and may boost Europe’s international standing, too.

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Opinion that Moves

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The African Century

Africa’s economic rise is a world-changing development, but the sources of its emerging strength – and lingering weaknesses – are little understood. W… read more

Press Released1

Press Released

Today’s media landscape is littered with landmines: open hostility by US President Donald Trump, mounting censorship in countries such as Hungary, Turkey, a… read more

covid_19_GettyImages_1209209421 Chung Sung-Jun/Getty Images

The COVID-19 Crisis

As the COVID-19 crisis escalates, PS commentators assess its implications for the economy, propose policy responses, and consider what might – and sho… read more