Video

Is Climate Change Too Big for Business?



Video

How Global Should India Be?

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



Research

Why Good Advice Is Often Bad



Video

What's Next for the Eurozone?





Contributors


Jed Bernstein
President, Lincoln Center for the Performing Arts

Don Gips
Former U.S. Ambassador to South Africa

Sass Darwish
Managing Partner, DS Advisory Group

Cathy Ashton
Former High Representative of the Union for Foreign Affairs and Security Policy, European Union; Former First Vice President of the European Commission

Yvon Chouinard
Founder, Patagonia

George Green
President and CEO, Hearst Magazines International

Robert Bettigole '83


Shane Frederick
Professor of Marketing

Terri Long
Cofounder and Co-CEO, Harvest Earnings

Latest Tweets

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

17 hours 25 min ago

Can employees speak freely? Techniques to elicit all the insights a team has to offer.

17 hours 49 min ago

Can we eliminate toxic e-waste? reports on the multifaceted search for solutions.

1 day 15 hours ago

A Goldman Sachs analyst’s note on corporate profit margins raises a bigger question: is capitalism working?

1 day 19 hours ago