Think of the U.S. economy as an eight-cylinder engine running on five amid fiscal consolidation, public-sector investment shortfalls and the normalization of part-time work.
Chinese authorities' acceptance so far of a slowdown in economic growth is a good sign of investment opportunities ahead that were absent in the more exuberant past.
Beyond the bilateral benefits, the rest of the global economy depends on Chinese and U.S. leadership — in terms of growth and global economic coordination.
President Barack Obama's proposed U.S. budget addresses a range of hard political and social choices/tradeoffs for the first time in the postcrisis period.
Even if the eurozone's structure is modified to achieve the desired level of fiscal discipline, countries will continue to diverge in other important respects.
As a long-term priority, developed countries must build public assets to have the resilience and flexibility to respond to structural change over time.
The world's high-income countries are in economic trouble, mostly related to growth and employment, and now their distress is spilling over to developing economies. What factors underlie today's problems, and how appropriate are the likely policy responses? The first key factor is deleveraging and the ...
It is no secret that the global economy is struggling. Europe is in the midst of a crisis whose root cause is a structurally flawed monetary and economic union. The United States, emerging slowly from a financial crisis and widespread deleveraging, is experiencing a growth ...
It seemed clear that Germany (or at least this rather large gathering of government, business, and labor leaders) remains committed to the euro and to deeper European integration, and recognizes that success will require Europe-wide burden-sharing to overcome the ongoing eurozone crisis. The reforms ...
Over the years, advanced and developing countries have experimented, sometimes deliberately and frequently inadvertently, with a variety of approaches to growth. Unfortunately, many of these strategies have turned out to have built-in limitations or decelerators — what one might call elements of unsustainability. And ...
