The proposition that major currency devaluations are more likely to come immediately after, rather than before, an election is being tested anew. In the biggest voting year in history, the implications could be far-reaching
Perhaps no phrase better captures the changing views of financial markets and the news media regarding the world′s two largest developing economies than the title of a 2023 S&P report: «China slows, India grows»
On the 80th anniversary of the International Monetary Fund and the World Bank, we should reflect on what these Bretton Woods institutions have achieved since World War II