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NOTHING IS PERMANENT EXCEPT CHANGE

  • The global economy faces three big challenges, said Tao Zhang, a deputy managing director for the International Monetary Fund.
  • Speaking with CNBC, Zhang said those are: tensions on the trade front, fiscal and financial risk, as well as ongoing challenges on how inclusive growth can be attained.

OTHER NEWS

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It looks like China and the EU have no idea that their systematic, excessive and growing trade surpluses with the U.S. are untenable. Washington apparently has failed to remind them of that. But the reminder will come with a bang — at a time of rising inflation, increasing interest rates and growing political and security […]

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