There is no global mechanism to stop countries from entering a competitive devaluation drive, and a US-China currency war could wreck the global economy.
While tight labour markets globally and the recent shift by central banks should provide a cushion, economists are starting to war game for how a recession could happen.
On paper, the 21-point plan looks balanced—Palestinian governance, international oversight, reconstruction pledges. But in reality, it is a non-negotiable diktat.
As many as 21 policy reforms are under implementation following Invest Kerala Global Summit, as LDF govt works to change perception that the state is not conducive to businesses.
Amid continued concerns over cross-border terrorism, General Upendra Dwivedi further warned the neighbour that India will not show restraint if there is an Op Sindoor 2.0.
What Munir has achieved with Trump is a return to normal, ironing out the post-Abbottabad crease. The White House picture gives us insight into how Pakistan survives, occasionally thrives and thinks.
The US dollar is the world’s reserve currency. A store of value for central bankers. America’s twin deficits are financed by the rest of the world. Should the dollar begin to wobble, the US government will find it difficult borrow at 1.5%. President Trump is going against the sane advice of his senior most colleagues and advisers. The decision to levy tariffs on the remaining $ 300 billion of Chinese exports was tweeted even as a meeting with the Treasury Secretary was on and he was urging that this not be done. 2. Some import tariffs have been deferred to December, to afford relief to Christmas shoppers. A 3.1% fall on Wall Street in a single day was another cost Trump recognises. Plus the fear that a recession would harm his reelection prospects. The worst may not come to pass. We can pray that there is still some method to the great man’s madness.
The US dollar is the world’s reserve currency. A store of value for central bankers. America’s twin deficits are financed by the rest of the world. Should the dollar begin to wobble, the US government will find it difficult borrow at 1.5%. President Trump is going against the sane advice of his senior most colleagues and advisers. The decision to levy tariffs on the remaining $ 300 billion of Chinese exports was tweeted even as a meeting with the Treasury Secretary was on and he was urging that this not be done. 2. Some import tariffs have been deferred to December, to afford relief to Christmas shoppers. A 3.1% fall on Wall Street in a single day was another cost Trump recognises. Plus the fear that a recession would harm his reelection prospects. The worst may not come to pass. We can pray that there is still some method to the great man’s madness.