“Economic bottom has been overcome” Courtesy of RWI Essen The RWI expects German economic growth to slow by 5.8 percent this year due to measures to combat the coronavirus pandemic. The economy is expected to grow by 6.4 percent in the coming year. The unemployment rate is expected to be 5.9 percent this […]
“New report outlines deregulatory and tax-cutting measures to reboot Britain” By Julian Jessop and Len Shackleton, courtesy of IEA The uncertainty created by the COVID-19 crisis has reinvigorated many old debates about the role of the state, says a new report from the Institute of Economic Affairs and Civitas, written by IEA Economics Fellow […]
By Nafeez Ahmed, courtesy of the European Policy Centre Oil prices have crashed. The most visible cause has been the measures taken to contain the COVID-19 pandemic, which have triggered record lows in global oil demand. Yet the crisis also exposes structural vulnerabilities in our fossil fuel-dependent economic system, which requires us […]
“The MFF recovery plan breaks with a fundamental taboo” By Jorge Núñez Ferrer, courtesy of CEPS The European Commission has presented a proposal to amend the Multiannual Financial Framework (MFF) for 2021-27 of the EU budget – integrating a recovery plan as a post-Covid response. Many elements of the plan are clearly in line with the […]
“ECB calls for European Integration via a Common Fiscal Policy Response” By Gordon Kerr, Cavin O’Driscoll and Enrico Colombatto, courtesy of IREF ECB President Lagarde announced a keenly awaited new policy statement on April 30th. There was to be no increase to the Euros 750 billion Pandemic Emergency Purchase Programme (PEPP), but the economic […]
“COVID-19: Economic Reactivation In Latin America” Courtesy of IMCO On April 5, the Mexican government presented an economic revival plan in the face of the challenges posed by the COVID-19 pandemic. This plan is insufficient to protect families’ incomes, jobs and regain economic dynamism. In contrast, other Latin American countries have announced ambitious economic rescue plans that provide […]
Do we need a ‘Department for Coronavirus’? By Jill Rutter, courtesy of UKIACE We had a Department for Exiting the EU when Brexit was the all-consuming task of the UK government under Theresa May. That department has now been replaced by a team in No.10 running the negotiations in Task Force Europe, and by […]
“COVID19: Increase in IMF resources and debt moratorium urgently needed” By Cristoph Trebesch and Rolf J. Langhammer, courtesy of IfW Kiel Never in its 75-year history has the IMF been more important for global financial and economic stability than now in the corona pandemic. Already 90 countries have applied for credit assistance in […]
By Chris Edwards, courtesy of the Cato Institute The economics news is dismal with reports every day of shutdowns, layoffs, and furloughs. More than 16 million Americans have been thrown out of work so far, and we have entered the worst downturn since the Great Depression of the 1930s. Yet amid […]
“Taking Advantage of the Crisis: Three Steps for the Revolution Argentina Needs” By Federico Fernández, courtesy of Fundacion BASES Let’s be clear, the Argentine economy was already tumbling before we even suspected that a delicious bat soup would quarantine a third of Humanity. But there is also no doubt that the economic situation as […]