As the Russia-Ukraine crisis protracts, the odds of a reinforced global economic recovery have been further setback. Intensified global supply-demand imbalances have prompted a shift in global monetary policy stance, as inflationary pressures continue to tick higher. Unfortunately, the tighter monetary stance poses downside risks to economic growth prospects as credit conditions tighten both globally…
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2022 is the year many had projected that the world economy will fully recover from the pandemic. Not until Omicron struck, dampening the upbeat recovery mood. With the worst of the pandemic behind us and the risk of multiple waves and mutants ahead, economic expectations are being dimmed, the most recent being the International monetary…
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How relevant are international development institutions today? To many countries, not very relevant. The Bretton Woods institutions, which were established to rebuild the post-war world and encourage global economic cooperation may have outlived their relevance. Developed economies have taken the determination of their economic health into their own hands, charging their central banks and finance…
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