LONDON — As 2023 draws to a close, there are many known unknowns, especially on the geopolitical front, and presumably as many unknown unknowns lurking on the horizon. Producing any forecast for the global economy is thus more difficult than usual.

LONDON – Following the recent summit of the BRICS (Brazil, Russia, India, China, and South Africa), where the group agreed to add six new members, I argued that neither it nor the G7 (Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States – plu

 LONDON — When I coined the BRIC acronym back in 2001, my primary point was that global governance would need to adjust to incorporate the world’s largest emerging economies.

LONDON — Hardly a week goes by without various pioneers in artificial intelligence issuing dire warnings about the technology that they introduced to the world.

LONDON — Given all the uncertainty in the world economy today, we have been reminded that for all the authority economics commands, it is still a social science.

LONDON — Russia’s war in Ukraine, Vladimir Putin and Xi Jinping’s meeting in Moscow, and China’s apparent success in brokering a diplomatic rapprochement between Iran and Saudi Arabia have fuelled renewed chatter about threats to the global primacy of the United States, and parti

LONDON — During my lengthy career in finance, I picked up several market heuristics that have generally proven more useful than not.

LONDON — In January, I expressed optimism that a recession across the Western world (and beyond) was becoming less likely, and high-frequency indicators since then have indeed supported a benign outlook.

LONDON — As if conditions were not gloomy enough in the United Kingdom, the International Monetary Fund (IMF) recently downgraded the country’s growth forecast even as it offered a brighter outlook for the rest of the world. This was an odd and rather audacious move.