ADAM TOOZE

China’s $1trn 2015-6 reserve shock remains the benchmark for recent EM’s balance of payments shocks. 2020 was far more widespread,

China’s $1trn 2015-6 reserve shock remains the benchmark for recent EM’s balance of payments shocks. 2020 was far more widespread, but less deep and prolonged. @IIF via @johnauthers
bloomberg.com/opinion/articl… https://t.co/rRvzuzGvgi

January 22, 2021

The collapse in investment in the EU following Covid 2020 shock is far worse than in the US. @EIB investment report out now. https://t.co/mecnAwZVOU

January 22, 2021

In North-Western Europe gross investment has kept pace with the US for the last 25 years. In Southern Europe 2010 marked a disastrous break from

January 22, 2021

"The US and the Netherlands have emerged as early winners of the shift in derivatives trading out of London following the UK’s exit from the