Enrico Colombatto

  At first blush, the Chinese economy is doing relatively well. Although annual gross domestic product (GDP) growth averaged 10 percent during the first decade of this century and dropped to about 7 percent during the next, it was remarkably strong during the pandemic and is expected to reach 5 percent this year. These are […]

The fight against inflation has produced encouraging results: according to the latest reports, core inflation was 4.1 percent in September in the United States (4.8 percent in June), 4.2 percent in October the eurozone (5.5 percent in June) and 6.1 percent in the United Kingdom (6.9 percent in June). This is the good news. The […]

  In contrast with earlier predictions, most pundits now believe that the fight against inflation will not produce widespread recession. Current worries focus on the consequences of the Chinese slowdown rather than on the performance of the Western economies. Yet, growth in the West remains far from stellar. In the United States, gross domestic product […]

In late April 2023, United States National Security Advisor Jake Sullivan disclosed the new global economic guidelines that the current administration would pursue during its remaining months and, if secured, the next term. In contrast with the past, the guidelines’ creators believe that free market-recipes are no longer good enough to respond to the challenges […]

Since the end of World War II, the United States dollar has reigned as the global currency par excellence. The 1944 Bretton Woods Agreement anchored all major currencies to the dollar, which in turn was tethered to gold. However, gold was not particularly convertible, and the ceremonial link between the dollar and gold served primarily […]