Council on Foreign Relations Global Economics Monthly
Issue 5 | October 2013

Looking Ahead: Kahn's take on the news on the horizon

The Cliff Is Dead, Long Live the Cliff

A U.S. government shutdown is in effect with no clear exit strategy. A far more material and potentially damaging standoff on the debt limit looms.

The World Bank and IMF Meet

Meetings later this week between the world's two major financial institutions will reveal anxiety about growth and capital flows, but offer little agreement on what to do about it.

Abenomics' Second Arrow

The issue is fiscal sustainability over the medium term, without killing growth now. The decision to go ahead with the consumption tax is good on structural grounds but has renewed growth fears.

More from CFR's Center for Geoeconomic Studies

The Maurice R. Greenberg Center for Geoeconomic Studies (CGS) works to promote a better understanding of how economic and political forces interact to influence world affairs. Visit the CGS site to learn about two new books from CFR's Benn Steil and Jagdish Bhagwati, read the latest Chart Book, and much more!