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Chapter I. The global economic crisis: causes and transmission. Impact, response and recovery. ansition. The result has been the still-unfolding global financial, economic and social crises...
11 Ιαν 2023 · The World Economic Forum's Global Risks Report 2023 explores some of the most severe risks we may face over the next decade that include energy supply and food crisis, rising inflation, cyberattacks, failure to meet net-zero targets, weaponization of economic policy, weakening of human rights.
Chapter 1. The economic impacts of the COVID-19 crisis. The COVID-19 pandemic sent shock waves through the world economy and triggered the largest global economic crisis in more than a century. The crisis led to a dramatic increase in inequality within and across countries.
Accompanying the period of strong expansion of the world economy was the emergence of significant global imbalances, characterized by large current account surpluses in East Asia and Europe and a widening current account deficit in the United States. Views on the importance of these global imbalances differed sharply.
emerging market and developing economies (EMDEs), a collapse in global trade, and a plunge in oil demand. This chapter takes stock of the consequences of the pandemic for the global economy. Specifically, it addresses the following questions: • How has the pandemic evolved? • Through which channels does the pandemic affect the global economy?
What I attempt to do here is to provide my interpretation of the unfolding of the present global financial crisis; how it is affecting us; why the Indian financial sector has been able to weather the crisis relatively well; the analytics of our policy response; and, finally, some implications of its longer lasting effects.
The global economic recovery is facing significant headwinds amid new waves of COVID-19 infections, persistent labour market challenges, lingering supply-chain challenges and rising...
