Developing economies today face an investment shortfall of historic proportions. Meeting even the most modest development goals will require a huge investment push—equal to about 5 percent of global gross domestic product (GDP) per year. For low-income countries, the financing gap is about 8 percent of GDP annually. It’s a prohibitive price tag that runs into trillions of […]
Sri Lanka’s agriculture sector grew by 2% in the second quarter from a year earlier. Sri Lanka’s economy grew 4.9% year-on-year in the second quarter of 2025, official data showed on Monday, indicating a strengthening recovery from its worst financial crisis in decades. Sri Lanka’s agriculture sector grew by 2% in the second quarter from […]
Effectively suspended since the onset of the Covid pandemic, the EU fiscal rules were set to make a comeback in 2024. At the same time, the EU was pushing for a major and swift overhaul of its fiscal framework. This column describes how, caught between freedom and responsibility of the transition phase, countries with a […]
Many sovereign bonds trade at a premium for being safe assets that retain their value even in deep recessions. This premium, or ‘convenience yield’, allows governments to borrow cheaply. This column argues that sovereign bonds remain particularly valuable in comparison to other assets, such as stocks, only in disinflationary demand recessions. In inflationary supply recessions, […]
