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2020s will test leaders’ conviction, Gold and the global reserve currency system
Wednesday 15 January 2020 – Vol.11 Ed.3.2
Commentary: 2020s will test leaders’ conviction
By Mark Sobel in Washington
The global economic outlook for the 2020s depicts a baseline picture of stagnant, if not worrisome and declining, global growth. If recent past is prologue, it is questionable whether world leaders can find the vision and will to tackle key global challenges. The cause of multilateralism will not offer much comfort. It is not just President Donald Trump’s trade wars and their disruptive impact on global manufacturing, investment and confidence. Populism and unilateralism seemingly have strong global roots.
Read the full commentary on the website.
Podcast: Gold and the global reserve currency system
Michael Kitson, assistant director of the Centre for Business Research at the University of Cambridge, and Tatiana Fic, director of central banks and public policy at the World Gold Council, join Pierre Ortlieb, economist at OMFIF, to discuss the state of the gold market and the internationalisation of the renminbi. They talk about the long-term future of the global reserve currency system, the political economy of capital account liberalisation, and the drivers behind central bank demand for gold.
Listen to the recording, or search ‘OMFIF’ on your smartphone’s podcast app.
