Project Syndicate by business a.m.

CAMBRIDGE – The global economy was full of surprises in 2023. Despite the sharp rise in interest rates, the United...

Hippolyte Fofack, a former chief economist and director of research at the African Export-Import Bank, is a former World Bank...

Anne O. Krueger, a former World Bank chief economist and former first deputy managing director of the International Monetary Fund,...

Laurence Tubiana, a former French ambassador to the United Nations Framework Convention on Climate Change, is CEO of the European...

SOFIA – Advanced-economy central bankers seem to have earned their summer vacation. With a series of sharp interest-rate hikes, they...

LONDON – Central banks have drastically changed the way they implement monetary policy. Since the 2008 global financial crisis, the...

AMHERST – Key officials have acknowledged that profits have been a major source of inflation in Europe – a realistic...

CAMBRIDGE – In just one year, inflation in the United States has fallen from a peak of about 9% to...

NEW YORK – Persistent surges in core price inflation (which excludes food and energy), and the resulting overshoot of central-bank...

GENEVA/WASHINGTON, DC – The world economy is losing steam. With forecasts for both output and trade well below the long-term...