International Monetary Fund Managing Director Kristalina Georgieva on Thursday warned policymakers against the danger of a new Cold War as they ramp up efforts to secure their industrial supply chains amid geopolitical tensions between major powers. “The question is, can …
A decade after the last financial crisis, attention is too focused on what central bankers can do to prevent the next one, according to Swiss Reinsurance Co. With liquidity taps open and policy rates stuck in a “black hole” they …
The International Monetary Fund warned governments not to rock the boat with trade wars and other disruptions at a time when the global economy is already sailing through choppy waters. “We see downside risk and that means one has to …
Finance and development ministers from around the world this week will warn of considerable downside risks to the global economy, and call for an effort to protect the world’s poor, according to the draft of a communique they plan to …
David Snyder, the Property Casualty Insurers Association of America’s (PCI) vice president, international policy, has issued the following statement on the progress in the Trade in Services Agreement (TiSA) and launch of the TiSA Business Coalition. “PCI applauds the progress …
The International Monetary Fund on Tuesday predicted the global recovery would strengthen this year as output in richer nations picked up, but it warned of rising risks in emerging economies. In its latest global economic snapshot, the Washington-based IMF said …
The World Trade Organization reached its first ever trade reform deal on Saturday to the roar of approval from nearly 160 ministers who had gathered on the Indonesian island of Bali to decide on the make-or-break agreement that could add …
Leading world economies pressed the United States on Sunday to act decisively to avert a rush of spending cuts and tax hikes, warning that the so-called fiscal cliff is the biggest short-term threat to global growth. Unless a fractious Congress …
The International Chamber of Commerce has unveiled the initial recommendations of its Business World Trade Agenda initiative, aimed at stimulating the global economy by helping to move the World Trade Organization’s (WTO) multilateral trade negotiations out of an 11-year deadlock. …
“The European debt crisis is affecting the global economy, definitely,” said Kurt Karl, Swiss Re’s chief economist in an interview at the recent Reinsurance Rendezvous in Monte Carlo. He did indicate that it’s affecting the U.S. a bit less, as …
