Global Economy Remains Mired in Swamp of Low Growth (Eswar Prasad, Karim Foda, Brookings)

In true Sisyphean fashion, the world economy is faltering yet again, unable to gain much elevation and sliding back into the low growth morass it has been stuck in for some time. Major advanced and emerging market economies appear to be converging to a low growth environment characterized by weak investment, stagnant productivity, and tepid private sector confidence.

https://www.brookings.edu/opinions/global-economy-remains-mired-in-swamp-of-low-growth/

October 2016 Update to TIGER: Tracking Indexes for the Global Economic Recovery (Eswar Prasad, Karim Foda, Brookings)

The world economy is sliding back into the low growth morass it has been stuck in for some time. A strong adverse feedback loop has set in with low growth, fragile business and consumer confidence, financial system stresses, trade tensions, and political instability feeding into and reinforcing each other.

https://www.brookings.edu/research/october-2016-update-to-tiger-tracking-indexes-for-the-global-economic-recovery/

Time for a Carbon Tax (Kemal Derviş, Karim Foda, Project-Syndicate)

Over the last few decades, oil prices have fluctuated widely – ranging from $10 to $140 a barrel – posing a challenge to producers and consumers alike. For policymakers, however, these fluctuations present an opportunity to advance the key global objectives – reflected in the Sustainable Development Goals adopted last September and the climate agreement reached in Paris in December – of mitigating climate change and building a more sustainable economy.

http://www.project-syndicate.org/commentary/time-for-a-carbon-tax-by-kemal-dervis-and-karim-foda-2016-02