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It has been four years since Covid-19 began, and with it, the painful shutdowns worldwide that unleashed havoc on global supply chains. Since then, while uncertainty in global trade has not disappeared and geopolitical tensions continue to ebb and flow, the cost of trade and supply-chain bottlenecks have eased and deliveries have largely returned to […]

  Argentine President Javier Milei has postponed the implementation of his much-anticipated dollarization plan. Some commentators, including Steve Forbes, have urged Milei to pick up the pace before it’s too late. Is it too late for Argentina to dollarize? One major concern with Argentina’s dollarization plan is whether the government actually has enough dollars to convert […]

Europe’s economy has recovered from the dislocations and restrictions related to the Covid-19 pandemic, but the overall picture remains disappointing. During the past decade, the average annual growth rate of gross domestic product (GDP) in the European Union was about 1.5 percent, and preliminary estimates for 2023 are below 1 percent. Some believe that the […]

Last week, the European Central Bank (ECB) held a session where they chose to keep the key interest rates unchanged. This decision came as a disappointment to many who were hoping for a slight reduction, given that inflation seemed to be under control. However, the situation may not be that straightforward. Across the eurozone, unions […]

  While the climate crisis has long been regarded as a significant threat, prompting trillions of dollars of investment in the green economy, Europe now faces another pressing concern: the threat of war. At the moment, this looming specter originates primarily from Russia, yet the continent is also grappling with challenges emanating from developments and conflicts to its […]