Nov 17, 2020

The Regional Comprehensive Economic Partnership (RCEP) was signed on 15 November 2020 by the ten ASEAN countries, Australia, China, Japan, New Zealand and South Korea. The RCEP will cover around 30% of world GDP and population, making it the largest trade deal by these measures. It is also the first multilateral free trade agreement to include China.

Nov 17, 2020

The introduction of the EU carbon border adjustment mechanism (CBAM) will come with a high cost for developing economies, particularly African trade partners and the Arab states of the Persian Gulf, which will face the highest ‘carbon tariffs’.

Nov 16, 2020

Economic activity in the Emerging Europe region rebounded markedly in Q3 2020, but new lockdowns will send the region into a double-dip recession in Q4.

Nov 11, 2020

With the Covid-19 crisis, zero interest rates will become entrenched in Europe for the time being. Besides the (negative) long-term effects – rising inequality, distorted financial markets and misallocation of resources – there are also direct income effects.

Nov 10, 2020

China played a crucial role in the global economic recovery after the 2008-09 financial crisis, but the post Covid-19 recovery will be different: We expect China to slow its international engagement over the next few years.

Nov 09, 2020

Joe Biden won the U.S. Presidential election, thanks to slim victories in major swing states. However, without a clear Congressional majority, he will not have as much leeway as expected, even if executive orders, his long experience in negotiating bipartisan agreements and Republicans’ fatigue with partisanship could play a positive role.