SDG 8 aims to promote sustained, inclusive, and sustainable economic growth, full employment, and decent work for all. But COVID-19 caused the deepest global recession in decades, reducing global GDP by 3.1 percent in 2020. Today, 95 percent of people live in countries with lower GDP growth than forecast before the pandemic. One way to […]
A proposal by the International Monetary Fund (IMF) and G20’s Financial Stability Board (FSB) on cryptocurrencies will be discussed at the leaders’ summit this weekend in New Delhi, a government source said on Wednesday. A paper on cryptocurrencies by the IMF and FSB has been submitted to participating countries, the source said, adding that India […]
Uncertainty about climate damages, usually measured by climate damage volatility, has been shown to significantly influence the level of the social cost of carbon. But climate volatility does not capture another aspect of climate uncertainty: climate volatility itself tends to increase under the influence of climate change, but it is not known yet when and […]
To many observers, the globalised world seems to be coming apart, with scarcity fuelling deglobalisation and conflict. But to economic historians, concerns about global supply and security look surprisingly familiar. This column takes the long view of global upheavals, from the 1840s to the Great Depression, the Global Financial Crisis, and the Covid pandemic. When […]
Silicon Valley-based artificial intelligence chip startup d-Matrix has raised $110 million from investors that include Microsoft Corp at a time when many chip companies are struggling to raise cash. Nvidia’s dominant position in the AI chip market due to a powerful combination of hardware and software has scared off potential investors in some startups, according to sources […]
Decarbonisation efforts in the aviation sector will cost more money, but that cost should not fall to the consumer, easyJet Chief Executive Johan Lundgren said on Wednesday. He added that options to decarbonise, like creating sustainable aviation fuels, are not yet at scale and cost three to five times more than typical jet fuel. “Our […]
While Western carmakers look warily upon the European expansion plans of Chinese electric vehicle makers, major German auto suppliers are eager to expand on existing partnerships in China and provide those rising manufacturers with European-made parts. “Chinese manufacturers will adapt vehicles to the European market step by step through user experience and customer orientation,” Bosch […]
1 Introduction In April 2023, the European Commission published long-awaited proposals on reform of European Union fiscal governance – the system for monitoring the budgetary frameworks in EU member countries. The proposed reform is informed by two high-level principles: fiscal sustainability and national ownership. Unsustainable fiscal policies in EU countries pose risks for the smooth […]
In vibrant cities with promises of economic prosperity, it’s easy to assume progress has touched everyone equally. However, a closer look reveals that urban landscapes are not always inclusive, especially for women, who face numerous challenges in property ownership , stemming from persisting social, cultural, and legal factors. In this context, a recent EFI Note, supported by […]
Over the last three years, the Covid-19 pandemic has influenced the political debate and elections across the globe. This column seeks to broaden the debate by shifting the focus from the impact of health crises on incumbent governments to their effects on the broader political landscape. In the context of Weimar Germany, constituencies that experienced […]
