France has seen a 30% to 40% fall in tourists following the coronavirus outbreak: Finance minister
February 23, 2020
Bruno Le Maire, France's finance minister, said the drop off in tourist numbers is an "important impact" on the country's economy.
South Korea alert level on max, Italy and Iran cases spike
February 23, 2020
Mainland China's total is now 76,936 cases, and 2,442 deaths. Cases in South Korea and Italy continued to spike.
Coronavirus fears are battering the $2.5 trillion trade show industry
February 21, 2020
The outbreak has caused the cancellation or postponement of more than 24 trade shows and conferences, including the Mobile World Congress, the world's largest trade show for the mobile phone industry.
Inflation targets: revising the European Central Bank’s monetary framework
February 20, 2020
The ECB is looking to evaluate whether its definition of price stability is effective in helping anchor inflation expectations. We argue that the current definition does not make for a very good focal point. To become a focal point the ECB needs to do two things. Price stability should be defined as inflation at 2 percent,. Remove therefore the unnecessary ambiguity of "below but close to 2 percent". But that is not enough. Around that 2 percent, the ECB should say which levels of inflation it is prepared to tolerate. There need to be explicit bands defined around that 2 percent to provide a framework for economic agents to evaluate Central Bank performance. And as the ECB will have to operate under high levels fo uncertainty these bands need to be wider than tolerance of inflation between 1 and 3 percent, which is what many inflation targeting Central Banks have tolerated over the years.
ifo Institute: Economic Experts Fear Tariff War Will Shrink World Trade
May 10, 2019
International economic experts fear that the tariff war between the US, China, and Europe will lead to a decline in world trade. This is the result of the World Economic Survey conducted by the ifo Institute among 1,130 economists worldwide. When asked to name the most significant consequence of the higher tariffs, the predominant answer was “less trade.”
Finding Solid Footing for the Global Economy
February 19, 2020
By Kristalina Georgieva عربي, Español, Français, 日本語, Português, Русский As the Group of Twenty industrialized and emerging market economies (G-20) finance ministers and central bank governors gather in Riyadh this week, they face an uncertain economic landscape. After disappointing growth in 2019, we began to see signs of [...]
World Economic Outlook Report
World Economic Outlook, January 2020
January 9, 2020