Policymakers in a Panic
In their analysis, recently published in the US-based international affairs magazine The National Interest, experts Michelle Shevin-Coetzee and Axel Hellman warn that when it comes to foreign affairs, US policymakers “should not favor the short-term to the exclusion of the long-term,” particularly when it comes to Washington’s long-term plans for its so-called ‘pivot to East Asia’.
“Christine Lagarde stated that global trade has seen a significant decrease and a plunge in commodities prices is threatening economies. Financial sectors in many states are also weak due to financial risks in emerging markets, she added.
“Ukraine has until January 1 to repay its $3 billion debt to Russia to avoid a default.