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While the European Central Bank has hiked interest rates rapidly to make up ground in its fight against resurgent inflation, it is having a harder time reversing years of massive asset purchases. How can policymakers remove surplus liquidity without creating even bigger problems?
9 Jun 2023
Following the public release of powerful generative AI applications like ChatGPT, a growing chorus of pioneers in the field has spoken up to highlight the dangers that the technology poses to economic stability. But while sound regulation is obviously needed, scare-mongering could do more harm than good
8 Jun 2023
China must reconfigure its industries and supply chains to meet the challenges posed by rising geopolitical tensions and rapid population aging. Private markets – including private equity and venture capital funds – can and must play a crucial role in this effort
3 Jun 2023
The US Federal Reserve is adrift, and it has only itself to blame. Regardless of whether its policy-setting committee announces another interest rate hike in June, its top priority now should be to address the structural weaknesses that led it astray in the first place
2 Jun 2023
Leaving aside the political theatrics, intrigue and brinkmanship that nowadays accompany every increase in the US debt ceiling, can anything be done to stop – or even slow – the growth in borrowing? The answer may lie in Switzerland
1 Jun 2023
Everyone has become so inured to massive central bank interventions in markets that no one realizes just how unusual the latest banking crisis and response has been. But the time has come to consider whether monetary policy is the systemic force that created systemic vulnerability in the first place
30 May 2023
While investors should never let rules of thumb, such as “Sell in May and go away”, override financial fundamentals, there are times when the fundamentals can become quite hazy. In fact, recent inflation figures and other high-frequency indicators suggest that we are in such a period right now
Jim O’Neill
19 May 2023
The United States and the European Union are currently pursuing separate initiatives to regulate artificial intelligence (AI). But in order to address the significant risks posed by generative AI, American and European policymakers must establish a common framework based on shared values
17 May 2023
Once upon a time, the greed of tobacco companies was channelled through libertarian outrage over the restriction of smokers’ freedom to choose cancer. Today, the outrage is serving the interests of bankers panicking at the prospect of central bank digital currencies
16 May 2023
Economic headwinds and internal disagreements have long stymied the Brics’ ambition to become a global diplomatic and financial force capable of challenging Western-led international institutions. Is this finally changing?
16 May 2023
Despite the recent moderation in price increases, high inflation will likely continue to challenge Western economies for a long time. Against this backdrop, central banks must work to restore public trust by abandoning their ivory tower and communicating more effectively with the citizens they serve
15 May 2023
Corruption, inefficiency and favouritism have become rampant in Thailand since the 2014 military coup, impeding growth and erasing much of the progress that has been made over the past four decades. To regain its global standing and mend relations with its democratic neighbours and the West, Thailand must embrace economic reform and restore the rule of law
14 May 2023
Barring a “black swan” event, China can achieve 6% GDP growth this year, thereby ending a 12-year slowdown. The key ingredient must be carefully planned and prudently funded infrastructure investment
12 May 2023
Generative artificial intelligence (AI) models like ChatGPT will revolutionize the economy, though no one can say when. Equally important, no one can say where, though there is no reason why AI, like previous general-purpose technologies, shouldn’t produce widely shared net benefits
11 May 2023
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