Video

Should We Put a Price on Water?


Video

Is Climate Change Too Big for Business?



Top of Mind

On the Other Hand

What’s happening to the global economy? Dozens of equity markets have fallen into bear territory. There’s solid job growth in the U.S., but China is struggling to avoid a hard landing. The Fed is confident enough to raise interest rates, but oil prices have crashed.

The atmosphere is one of profound uncertainty. “What makes these falling prices unnerving,” the New York Times says, “is that it’s hard to tell a simple story about what is driving them.”

What’s the worst-case scenario? “We might be at the edge of a global recession,” said Citibank’s Christian Schulz on Bloomberg. In the fourth quarter of 2015, global growth approached the 2% mark—and central banks have few options remaining. “It’s a vulnerable situation.”

The drop in equity markets may simply be a needed correction, the Economist noted. But, the magazine wrote elsewhere, “whether the market gyrations are rooted firmly in fundamentals or not, they could themselves be a source of economic instability…. A recession, after all, is nothing more than a rut of self-ratifying pessimism.”

Feature
Opinion
Q & A
Research

Recent Insights


Video

How Global Should India Be?



Research

Why Good Advice Is Often Bad



Video

What's Next for the Eurozone?




Contributors


Stuart Patterson
President and COO, RAMP

Ellen Shuman
Founder and Managing Partner, Edgehill Endowment Partners


Nelun de Silva Wijeyeratne

Richard Hackman
Edgar Pierce Professor of Social and Organizational Psychology, Harvard University

Jan U. Hagen
Associate Professor and Head of the Practice Group Financial Services, ESMT

Elizabeth Axelrod
Senior Vice President, Human Resources, eBay

Marc Mayer
Head of North American Institutions, Schroders

Stephen Roach
Senior Lecturer & Senior Fellow, Yale Jackson Institute for Global Affairs

Jeffrey A. Sonnenfeld
Senior Associate Dean for Leadership Programs & Lester Crown Professor in the Practice of Management

Latest Tweets

Would full employment unravel a series of economic woes? Is there a full-employment-productivity-multiplier?

8 hours 33 min ago

New research shows that TV ads are valuable to viewers—as a risk-free chance to look for a better show.

9 hours 14 min ago

As a global freshwater crisis looms, can public policy & technological innovation avoid it?

10 hours 30 min ago

The staggering cost of air pollution. A new study tallies impacts and offers targeted ways to improve.

3 days 15 hours ago