Moody’s Talks – The Big Picture

Soaring commodities prices in the wake of the invasion of Ukraine are raising new questions about where inflation is headed, and whether supply chain stresses will be further exacerbated. We examine the root causes of current inflationary trends and how central banks will try to tame it. We also discuss whether moderate levels of inflation could be positive for the economy and the financial sector...

China was one of the few large economies to record growth during the pandemic crisis in 2020, but momentum has weakened in recent months. The loss of economic momentum comes as China has imposed strict COVID-19 lockdowns in some regions and its property sector is in the doldrums. What’s behind the recent slowdown and how is the world’s second-largest economy addressing its growth challenges? What...

Central banks around the world are studying and in some cases moving ahead with the creation of digital currencies that have the same value as physical cash. How do central bank-backed digital currencies work and how do they differ from other types of electronic financial assets such as cryptocurrencies and stablecoins? Could central bank digital currencies improve access to the financial systeman...

The pandemic crisis has revealed how disparities in income, healthcare access and educational opportunity can amplify the damage of an economic shock. As policymakers globally look to address these issues through initiatives such as the Next Generation EU Fund, the proposed Build Back Better plan in the US and China’s Common Prosperity agenda, a key question is whether policies aimed at bridging w...

Reaching net-zero carbon emissions targets will rely to a large extent on replacing fossil fuels with new innovations in areas such as hydrogen power, electric vehicle batteries, biofuels, and carbon capture and storage. Increased development of enabling technologies such as battery charging infrastructure will also play a big role. But do these technologies offer a realistic path toward helping c...

Government indebtedness has surged as countries have battled COVID-19 and its economic fallout, following a decade of increased borrowing. Total debt across governments around the world soared to $83 trillion in 2020, up from $50 trillion in 2010. And this year, government debt is likely to exceed nonfinancial company debt for the first time in decades. What are the consequences of this borrowing...

In our inaugural episode of The Big Picture podcast series, Michael Rowan of the Global Public Project and Infrastructure Finance team, Anne Van Praagh of the Sovereign team and Simon Harris of the Financial Institutions team share their perspectives on the increasing frequency of devastating climate events and how they affect debt issuers around the globe. Read research related to this episode on...

On Moody’s Talks – The Big Picture, hosts Sarah Carlson, William Foster and Jennifer Wong bring you insights from Moody’s analysts around the world on hot topics across fixed-income markets. Each episode will illuminate Moody’s thinking on the latest credit and economic developments, ranging from the continued impact of the COVID-19 pandemic, to technological disruption, political shifts and clima...