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Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities

From Bloomberg Opinion: 'Recessions come in a dizzying assortment of shapes, sizes and guises,' Stephen Mihm writes. 'Some are dubbed panics, others depressions. History shows that no two recessions have the same causes or effects. So it makes sense that experts can't identify recessions the way doctors diagnose cancer.'

Commentary The recent loss of control of inflation and worry about potential stagflation ahead is to a very ...

At the start of the COVID-19 pandemic in March 2020, US Federal Reserve System governor Jerome Powell made an extraordinary declaration: “We’re not going to run out of ammunition.” The central bank stood ready to take any action necessary to stem the mounting economic crisis. Three months later, the Fed injected nearly US$3 trillion dollars of liquidity into the US economy. Such radical action by central banks – quantitative easing (QE) – has its critics on the right and left. Just as striking is that many prominent economists and economic historians have rallied in support of QE i...