31 May 2022 In my March 2019 blog entitled "India: Long Growth Runway Still Lies Ahead", I suggested India may enjoy faster economic growth than all other large economies during the next decade, including China. The following Chart indicates the IMF now shares this appraisal, as India's long-term potential GDP exceeds all other countries (except [...]
15 March 2022 Recent history is full of seminal events. The two World Wars and America's emergence as a global power, the Russian Revolution, the OPEC oil embargos, Mikhail Gorbachev's reforms (perestroika, glasnot, and detente), the collapse of the Soviet Union (and the end of the Cold War), and Deng Xiaoping's "Opening Up" modernisation all [...]
6 February 2022 During the past two Covid-strickened years, China's economic growth has outperformed global activity. Indeed, while output in developed nations contracted nearly 5% in 2020, the Chinese economy actually gained 2%. Likewise, China's 8% recovery in 2021 outpaced the 5% rebound in the world's richer countries. Behind the headlines, however, the news has [...]
25 June 2021 Despite US Federal Reserve Chairman Powell's attempts to reassure investors, financial markets are concerned about inflation. Likewise, price growth has accelerated in key emerging market countries. In response, central banks in Brazil, Russia, Mexico, and Turkey have already begun to tighten monetary conditions. Is Emerging Market inflation temporary? That is, does it [...]