From demographics to trade to GDP growth, China is currently struggling precisely where India seems to be thriving. At a time when the global economy’s center of gravity is shifting to Asia, we asked PS commentators whether India’s rising star will soon outshine China’s.
The world is buckling under the weight of its debts. With interest rates – and thus debt-servicing costs – set to continue to rise, and global growth unlikely to pick up any time soon, the risk of crisis is mounting in developed and developing economies alike.
can you read new insights from renowned economists, world leaders, and distinguished thinkers every day?
As Donald Trump prepares for his 2024 presidential run, Republican Party extremists have been making their presence known in Congress, not least by repeatedly blocking their own party’s choice for Speaker of the US House of Representatives. As a year of pre-election political jockeying begins, we asked PS commentators to assess whether Trump can maintain his hold on the Republican base.
The rapid removal of zero-COVID restrictions in China has not only fueled a massive surge in infections; it has also generated precisely the kinds of economic headwinds it was supposed to ease. Yet China’s problems extend well beyond the jarring exit from its draconian pandemic-control policy, and doubts about its leaders’ ability to overcome them are mounting.
Just when the world saw a glimmer of light at the end of the pandemic tunnel, Russia launched its war against Ukraine, stoking inflation and impeding economic recovery in developed and developing countries alike. As 2022 ends, we asked PS commentators whether the global economy’s prospects are set to go from bad to worse in the coming year.
The year 2022 was one of grim and grisly returns: the return of major war – and nuclear brinkmanship – to Europe; the return of high inflation and the threat of stagflation globally; and the return of famine, dire poverty, and other problems against which the developing world had been making steady progress. With all these developments poised to continue, the question now is whether solutions will be found to counter the forces of discord and disintegration.
