Sustaining the Trump Rally
Written by Mohamed A. El-Erian
LONDON – Donald Trump’s victory in the United States’ presidential election surprised most of the world. But the president-elect is not finished defying expectations. Contrary to the predictions of many experts, stock markets have rallied strongly since his victory, with the three major US indices reaching record highs while the dollar has soared. Explaining these unexpected responses could provide a glimpse of what the next few months have in store for markets.
Fleeing from Italy
Written by Carmen M. Reinhart
CAMBRIDGE – Italy’s referendum on December 4 will give voters the opportunity to approve or reject what some have described as the country’s most extensive constitutional reforms since the abolition of the monarchy at the end of World War II. Yet it may be the fact that Italy’s three opposition parties all favor exiting the euro that explains why Prime Minster MatteoRenzi has promised to resign if voters reject the reforms.
What Is the Pound Telling Us?
Written by Jim O'Neill
LONDON – I know from my 32 years in finance that the weird world of foreign-exchange markets can sometimes defy comprehension, and that trying to estimate sterling’s baseline, equilibrium value can be an exercise in futility.
Inclusive Growth Depends on Cities
Written by Lamia Kamal-Chaoui and Amy Liu
PARIS, WASHINGTON, DC – We live in turbulent times, and popular discontent with the status quo is mounting. The reasons for popular frustration vary from country to country, but the common thread everywhere is a growing sense that the economy is rigged in favor of the few.
The Many Faces of Malnutrition
Written by AdebimpeAdebiyi
ABUJA – If you happen to be sitting with two other people right now, chances are one of you is malnourished. And you might not even know it. Yes, that’s right: one in three people worldwide suffer from malnutrition, and it does not always look the way one might expect.