CAMBRIDGE — Businesses, governments and investors were already navigating a foggy global landscape before the tragic events unfolding in the Middle East.

 CAMBRIDGE — For decades, China set a shining example of how to capitalise on globalisation to accelerate domestic economic growth and development.

CAMBRIDGE — The global economy this year is full of puzzling surprises.

 CAMBRIDGE — One might think that predicting the US Federal Reserve’s next policy moves would become easier now that it has already hiked interest rates ten consecutive times, for a total of five percentage points.

CAMBRIDGE — Reacting to Silicon Valley Bank’s sudden collapse, André Esteves, a senior Brazilian banking executive, recently told Bloomberg that “SVB’s interest rate risk would’ve been obvious to any banking intern in Latin America”.

CAMBRIDGE — For three decades, businesses and governments around the world operated under the assumption that economic and financial globalisation will continue apace.

CAMBRIDGE — Nearly two years into the current bout of inflation, the concept of “transitory inflation” is making a comeback as the COVID-related supply shocks dissipate.

CAMBRIDGE — On the 40th anniversary of her accession to the throne, Queen Elizabeth II remarked that, “1992 is not a year on which I shall look back with undiluted pleasure. In the words of one of my more sympathetic correspondents, it has turned out to be an annus horribilis”.

CAMBRIDGE  —  The United Kingdom has had a sobering ten days, with its economy, financial system and citizens’ well-being suddenly at risk.