Global economy

A scorching Asian summer will add to risk of surging gas prices

Forecasts currently point to hotter-than-normal summer temperatures in East Asia

Humanoid robotics may lift economy-wide productivity more than other AI forecasts suggest – but it will also affect more jobs.
THE BOTTOM LINE

Bond yields may be finally baking in an AI world

Investment firms are reassessing the long-term macroeconomic impact of artificial intelligence

US indexes have surged back to record highs in the month-and-a-half since the markets’ Iran war scare bottomed out at the end of March.

Global bonds battered as flaring inflation spooks investors

Rising Treasury yields have a broad impact on other assets around the globe

US President Donald Trump's positions have forced into focus a collision of economic, trade and strategic imbalances that are reshaping the global order, says the writer.
NEW GLOBAL ORDER

The collision of imbalances shaping a more contested world – and why tariffs are not the answer

Uneven gains and strategic tensions are driving politics and fuelling scepticism towards globalisation

Molten aluminium coming out of a casting furnace in Austria. The surge in commodity prices is driven in part by record-high prices for base metals, particularly aluminium.

World Bank warns of growing geopolitical commodity shocks, beyond oil crisis

Increasing geopolitical risk, despite the market resilience displayed so far, is weakening the global order

The view of many economists today is that if a crisis is going to strike, it is likely to be triggered in the US.

Imbalances are back on the global agenda

Policymakers must overcome the mercantilist fallacy that the way to get rich is by running surpluses forever

“Now, if this continues into 2027 and we have oil prices of US$125 more or less, then we have to expect a much worse outcome,” IMF managing director Kristalina Georgieva says.

IMF chief Georgieva warns of ‘much worse outcome’ if Middle East war drags into 2027

The adverse scenario forecast global growth slowing to 2.5% in 2026 and headline inflation of 5.4%

Asean is now viewed by the survey’s respondents as the most credible platform for upholding the rules-based order.
NEW GLOBAL ORDER

Asean’s test in a fragmented global economy

South-east Asia’s resilience will depend on greater economic integration within the region and continued strategic engagement with external partners