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Global economy

Central Asia suffers collateral economic damage from Russia's war in Ukraine

by Stephen Beard
Mar 22, 2022
These neighbors of Russia played no part in Putin’s invasion, but they are caught in the economic crossfire triggered by sanctions.
Kazakhstan's president, Kassym-Jomart Tokayev, left, meets with Russian President Vladimir Putin in February. The value of Kazakhstan's currency has fallen since Russia's invasion of Ukraine.
Mikhail Klimentyev/Sputnik/AFP via Getty Images
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COVID-19

After 2 years in the pandemic economy, businesses still face uncertainty

by Sean McHenry
Mar 7, 2022
But it's not necessarily the pandemic that's driving it. Three businesses on three continents share what they're seeing.
Small businesses have been through a lot of stress and uncertainty in the last two years, and the war in Ukraine is creating new challenges.
Sascha Schuermann/Getty Images
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Higher prices, more risk: How Russia's war on Ukraine is likely to affect the global economy

by Mitchell Hartman
Feb 24, 2022
The invasion has introduced a lot of unknowns for global trade, financial markets and national economies. It's also a blow to the pandemic recovery.
People carrying bags walk on a street in Ubla, Slovakia, after crossing the Slovak-Ukrainian border on Feb. 24. Russia began a large-scale attack on Ukraine overnight, with explosions reported in several cities and outside the regions held by Russian-backed rebels.
Zuzana Gogova/Getty Images
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IMF downgrades global economic growth in its latest report

by Kai Ryssdal and Sean McHenry
Jan 25, 2022
The IMF's Gita Gopinath talks about the challenges facing the global economy as the world enters its third year of the COVID-19 pandemic.
"The global economy did rebound quite strongly in 2021," says the IMF's Gita Gopinath. "The problem is that countries have recovered at very divergent paces." Above, Gopinath at a 2021 interview.
Pedro Ugarte/AFP via Getty Images
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Forecasting the biggest challenges facing companies in 2022

by David Brancaccio and Rose Conlon
Jan 5, 2022
Corporations will have to navigate an increasingly polarized world — and economy.
Corporations will have to navigate an increasingly polarized world — and economy.
Chris Hondros/Getty Images
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Brexit

Has Brexit boosted London’s financial center?

by Stephen Beard
Sep 22, 2021
British financial services exports to the EU rose in the first few months after the U.K. left the bloc.
The City of London financial district. Data from the first quarter after Brexit took effect shows a small increase in the U.K.'s financial exports to the European Union.
Justin Tallis/AFP via Getty Images
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Reimagining the Economy

Is the global economy facing a "Bretton Woods" moment?

by David Brancaccio and Daniel Shin
Jun 10, 2021
One think tank CEO says the G-7 summit is a moment to envision an economic restructuring similar in scale to that of post-WWII.
President Joe Biden (center) and first lady Jill Biden (left) arrive in Cornwall for the G-7 summit.
Phil Noble - WPA Pool/Getty Images
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Copper’s soaring price points to recovery, green-economy demand

by Sabri Ben-Achour
May 10, 2021
Copper, especially, is a key ingredient in electric cars, wind turbines and batteries. Suppliers are not ready to meet the demand.
A new copper mine can take five to 10 years to come online. Above, copper rods used in machine parts.
Scott Olson/Getty Images
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Climate change may quickly affect the global economy, report finds

by Jasmine Garsd
Apr 23, 2021
Swiss Re, one of the world's biggest insurers, projects that by 2050, climate pressures could reduce the world's GDP by 14%.
Rising temperatures, higher sea levels, falling crop yields and wildfires are also likely to reduce global wealth significantly by 2050.
Samuel Corum/Getty Images
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COVID-19

World Bank president forecasts "subdued" economic recovery for 2021

by David Brancaccio , Rose Conlon and Alex Schroeder
Jan 6, 2021
And that's if vaccine distribution stays on track, David Malpass says.
"If you only come back 4% this year [in growth for the world economy], you're not back to where you were, even at the end of 2021," World Bank President David Malpass said.
Samuel Corum/Getty Images
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