Daniel Moss

Daniel Moss

Japan Has Always Scraped By. Covid Will Make That Harder

Despite being written off by skeptics as an economic wasteland for the past three decades, Japan has often managed to scrape by, and has even enjoyed periods of sustained growth. The Covid-19 pandemic will test whether the country really has nine lives. Gross domestic product shrank at…

Two Countries, 232,851 Cases and One Big Problem

A lot of things were going right in Southeast Asia’s two great archipelago nations before the coronavirus came around. Indonesia and the Philippines had relatively robust economies tended by well-regarded policy makers, and the benefit of young, educated populations. Both countries were poised to…

Undead Economies Are the Price of Mini-Lockdowns

After pocket lockdowns, get ready for pint-sized recoveries. From Tokyo to Miami, authorities are imposing localized curbs on social and commercial life in an an attempt to constrain resurgent waves of the coronavirus without locking down completely. Targeted mini-measures were designed to avoid…

This Recession Is Reason to Cheer Amid the Carnage

Only in the world of Covid-19 is a poor economic report card something to cheer. Gross domestic product shrank 3.3% in the second quarter from the previous three months, the Bank of Korea said Thursday. That was worse than forecast and followed a decline of 1.3% for the January-March period. No…

Can an Emerging Market Become a Policy Pioneer?

Even by the dramatic standards of economic stimulus in the age of coronavirus, Indonesia stands out. Jakarta is unabashedly monetizing state debt — an idea once considered heretical in polite circles because of concerns it would stoke inflation, weaken the currency and erode central-bank…

The Economic Hit from the Coronavirus is All in Your Mind

For all the stimulus measures that officials are rolling out to combat the economic impact of the coronavirus, lower interest rates and bigger budgets are unlikely to make people feel immune. And it's consumer behavior that will influence the magnitude of any hit. The gap between how people…

China is Perfectly Prepared to Fight the Last Virus

China has a bigger and more sophisticated toolbox to combat any economic slowdown from the coronavirus than in 2003, when it battled the SARS pandemic. The challenge now is a worsening backdrop both domestically and abroad, and how both hamper the effectiveness of Beijing's response. It's hard…

How India's Economy Came Back Down to Earth

India's economy lost its sheen this year. As it stumbles through a deep slowdown and a credit crisis, the country has gone from being hailed as a colossus-in-waiting to placing among the also-rans. Rarely has a major economy had such a humbling turn in fortunes. In the third quarter, gross…

What If There Was a Trade War Truce?

Even a trade truce could have its losers. The economic conflict between the US and China has been jarring, no doubt – decades-old commercial relationships have been torn up, supply chains are getting upended, global growth is slowing, and investors and businesses are rattled. On days when the…

Even Trade War Winners Can Lose

In war, even the winners pay a price. Vietnam's portrayal as a clear beneficiary of the US-China trade conflict was overdue for a reality check. President Donald Trump provided one, trash talking the country with the kind of language he once reserved for China and Mexico. Vietnam is “almost the…