In 2025, the US government announced a series of tariff increases targeting major trading partners, including Canada, China, and Mexico. This column estimates the economic consequences of these proposed tariffs to the US and globally. According to this model, real wages in the US decline by 1.4% in 2028 and GDP falls by approximately 1%, […]
“How’s your garden?” This was a common question I often heard in Gulu, Uganda. Especially at the start of the country’s two rainy seasons—one beginning in March and the other in September—women frequently exchanged this phrase in markets, hair salons, and even non-profit offices. In Gulu, a garden was not merely an aesthetic feature of […]
As economies develop, it is often assumed that agriculture becomes less relevant a small slice of GDP and a shrinking share of employment. But evidence from Europe and Central Asia tells a different story. Across countries stretching from Portugal to Uzbekistan, agriculture and the broader agrifood sector remain essential pillars of economic development, employment, trade, […]
