Economic Diplomacy Initiative

In this week’s update on COVID-19 and Economic Diplomacy: The U.S. unemployment rate fell to 10.2% while the UK is in a recession and sheds 750,000 jobs. Africa is vastly undercounting the number of Covid-19 cases throughout the continent. 

In this week’s update on COVID-19 and Economic Diplomacy: U.S. GDP fell 9.5 percent in the second quarter, and Congress has yet to negotiate a relief bill before August recess begins next week. Argentina reaches a deal with creditors while Europe shows signs of economic recovery.

In this week’s update on COVID-19 and Economic Diplomacy: The GOP unveils its pandemic response plan while Europe show signs of slowly recovering from the economic fallout of Covid-19.

A digital currency war between China and the U.S. will not improve the lives of the Chinese or American people, much less the world. Instead, it risks creating two separate payments systems that will only serve to promote further global competition and distrust.

In this week’s update on COVID-19 and Economic Diplomacy: Europe reaches a deal on a recovery fund while the U.S. continues to struggle to devise a budget plan.

In this week’s update on COVID-19 and Economic Diplomacy: China returns to growth while Europe begins negotiations over a recovery fund. The effects of the pandemic are disproportionate based on gender, race, and education with experts arguing to tie unemployment benefits to the unemployment rate. 

In this week’s update on COVID-19 and Economic Diplomacy: The U.S. debates the most effective stimulus policies as the country surpasses 3 million coronavirus cases. The EU slashed expectations of growth to 8.3 percent. Developing economies may ow less debt to China than previously thought.

In this week’s update on COVID-19 and Economic Diplomacy: Unemployment decreased again, but doesn't yet capture renewed shutdowns across the U.S. The Federal Reserve considers forward guidance and yield curve control. Germany makes a concession on the European recovery fund.

In this week’s update on COVID-19 and Economic Diplomacy: Multilateralism is in short supply in the world's response to COVID-19, compared to the financial crisis. The Federal Reserve, the world's reluctant central bank. Europe asks how to pay for its stimulus measures. The IMF revises down its forecast for global growth.

In this week’s update on Covid-19 and Economic Diplomacy: The Trump administration considers infrastructure spending, and the Federal Reserve starts buying corporate bonds. Negotiations on the European recovery fund continue. Concern about challenges facing emerging markets continue to grow.