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Saudi Arabia swings again -- but for how long?

Fluctuating Chinese demand has contributed to this year's volatility in international oil prices. But the latest evolution on the supply side will have immediate geopolitical and financial implications that go well beyond the oil market. Specifically, Saudi Arabia has returned as the most important swing producer and thus the most influential marginal price-setter. But how long this situation will last is unclear.
Saudi Arabia United Kingdom United States Mohameda El Erian Joe Biden University Of Cambridge

Saudi is swinging again, but for how long?

Fluctuating Chinese demand has contributed to this year’s volatility in international oil prices. But the latest evolution on the supply side will have immediate geopolitical and financial implications that go well beyond the oil market. Specifically, Saudi Arabia has returned as the most important swing producer and thus the most influential marginal pricesetter. But how long this situation will last is unclear.
Saudi Arabia United Kingdom United States Mohameda El Erian Joe Biden University Of Cambridge

The growth engines are sputtering

CAMBRIDGE — The International Monetary Fund’s revised World Economic Outlook (WEO) is sobering. It is rare for the organisation to revise down sharply its projections for economic growth just one quarter into the calendar year. Yet in this case, it has done so for 86 per cent of its 190 member countries, resulting in a decline of almost 1 percentage point in global growth for
United Kingdom Mohameda El Erian University Of Cambridge International Monetary Fund Wharton School Of The University Pennsylvania Queen College

The growth engines are sputtering

CAMBRIDGE — The International Monetary Fund’s revised World Economic Outlook (WEO) is sobering. It is rare for the organisation to revise down sharply its projections for economic growth just one quarter into the calendar year. Yet in this case, it has done so for 86 per cent of its 190 member countries, resulting in a decline of almost 1 percentage point in global growth for
United Kingdom Mohameda El Erian University Of Cambridge International Monetary Fund Wharton School Of The University Pennsylvania Queen College

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The Fed's historic error

CAMBRIDGE  —  A close friend who has been incredibly successful in his tech career once observed that an initial suboptimal decision is likely to lead to a series of subsequent bad decisions. Economists call this “multiple equilibria”. And the US Federal Reserve (Fed), the world’s most influential monetary institution, finds itself in the midst of such a situation regarding
United Kingdom Jerome Powell Mohameda El Erian University Of Cambridge Wharton School Of The University Pennsylvania Queen College

The Fed's historic error

CAMBRIDGE  —  A close friend who has been incredibly successful in his tech career once observed that an initial suboptimal decision is likely to lead to a series of subsequent bad decisions. Economists call this “multiple equilibria”. And the US Federal Reserve (Fed), the world’s most influential monetary institution, finds itself in the midst of such a situation regarding
United Kingdom Jerome Powell Mohameda El Erian University Of Cambridge Wharton School Of The University Pennsylvania Queen College

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