The Fed cut its rate by a quarter of a percentage point, in a move that won support from most of President Donald Trump’s central bank appointees Gulf central banks cut their key interest rates on Wednesday after the Federal Reserve cut U.S. interest rates by 25 basis points for the first time this year. […]
In 2021, China’s electronics exports exceeded those of the other five leading exporters combined. This column analyses the rise of China as a centre for electronics manufacturing. It argues that the key drivers of growth were intense competition, education that facilitated technology transfer, and infrastructure development. However, China’s nonlinear innovation model also leaves it dependent […]
During the Greek debt crisis, zombie firms and non-performing business loans peaked at 20% and 50%, respectively. This column examines the negative effects of ‘zombie’ firms on investment, employment, and productivity during the crisis. The findings suggest that zombie firms have a negative impact on the economy through multiple channels, but highlight heterogeneities across sectors. […]
