The US economic resilience and security is predicated on winning the competition with China.

In this article, Kaush Arha, Peter Harrell, and Clete Willems outline the 8 principles to inform the US economic playbook.

Read more 👇
atlanticcouncil.org/blogs/new-atla…

The Enrico Letta's Report suggests ways to improve EU economic performance in an era of geopolitical rivalry.

Much of the work requires harmonizing economic and financial rules across the EU, writes Senior Fellow Hung Tran.

Read his full analysis 👇
atlanticcouncil.org/blogs/econogra…

📺 LIVE | 3 pm EST

Tune in to Bloomberg TV to see Senior Fellow Daniel Tannebaum discussing supply chain resilience, US/China, and Russia's geopolitical risks at the Milken Institute Global Conference.

Watch it here:
bloomberg.com/live

Today, EU27 diplomats agreed on the principle of using interest income from blocked Russian Central Bank assets to support Ukraine.

In this article, 🇺🇦 MP Oleg Dunda argues for a bolder policy which still respects European red lines.

Read more 👇
atlanticcouncil.org/blogs/econogra…

What's the best way to improve the technical skills of the US national security workforce?

In this article, Senior Fellow Lesley Chavkin, Eitan Danon, and Sigal Mandelker show how to enhance current know-how and attract the best candidates.

Read more 👇
atlanticcouncil.org/blogs/econogra…

TUNE IN NOW | Senior Director Josh Lipsky sits down with Cecilia Skingsley, Head of Bank for International Settlements Innovation Hub, to discuss the evolving landscape of technological experimentation including the new Project Agorá. ⤵️
bit.ly/3QWLrOf

The US housing shortage is affecting the economy—and the climate transition.

If US states 'prioritize building houses, emissions and interest rates could fall substantially, providing a major economic and climatological boost,' writes Joseph Webster ⤵️
atlanticcouncil.org/blogs/econogra…

📖 What we're reading

Citigroup is the only US bank with a physical presence in Ukraine.

Alexander McWhorter–Citi’s top executive in Ukraine–is tasked with keeping companies afloat and with protecting the lives of employees.

Dave Benoit for The Wall Street Journal ⤵️
wsj.com/finance/bankin…

The yen fell to a 34-year low this week. The yen's weakness shows the global effects of US interest rates and a resilient US economy—pro-dollar fundamental factors.

'The dollar strength will be checked only when fundamentals change,' writes Hung Tran⤵️
atlanticcouncil.org/blogs/econogra…

Nearly 45 million jobs in China depend on final demand from G7 countries. In a high-escalation scenario of a Taiwan crisis, most of these jobs would at least temporarily be put at risk by G7 sanctions.

More from our report with Rhodium Group ⤵️
bit.ly/49kkF8O

The IMF’s Fiscal Monitor released in April documented the proliferation of industrial policy and gave a partial endorsement.

The endorsement comes with a lot of caveats, including that policies do not interfere with free trade.

More from Walter Frick ⤵️
atlanticcouncil.org/blogs/econogra…

📚 What we're reading

Chinese President Xi Jinping wants to create an alternative world order—with Beijing at the center.

'Rather than dismissing Beijing’s playbook, U.S. policymakers should learn from it,' writes Elizabeth Economy for Foreign Affairs.
foreignaffairs.com/china/chinas-a…

🔍 Under the radar

Gold prices in Vietnam have sharply increased as demand for gold as a safe haven asset grows, creating more problems for the dong.

Now, the State Bank of Vietnam has started auctioning off gold bars in an attempt to stabilize prices.
bloomberg.com/news/articles/…

📚 What we're reading

Gen Z is about to make up more of the American workforce than baby boomers. And they're unprecedentedly rich.

The Economist breaks down what we need to know about Gen Z's economic power ⤵️
economist.com/finance-and-ec…

🔍 Under the radar

The Central Bank of Libya announced it had found a series of 50-dinar bills from an “unknown origin” and will withdraw the notes from circulation.

The rumored source? A Russian printing press located in the outskirts of Benghazi.
libyaobserver.ly/economy/centra…

📖 What we're reading

As car sales decline and companies fail to schedule transportation past the port, European ports are turning into 'car parks' for imported vehicles.

Arjun Neil Alim, Robert Wright, Peter Campbell & Gloria Li for Financial Times ⤵️
ft.com/content/496f3b…

The yen fell to a 34-year low on April 29. The yen's weakness shows the global effects of US interest rates and a resilient US economy—pro-dollar fundamental factors.

'The dollar strength will be checked only when fundamentals change,' writes Hung Tran⤵️
atlanticcouncil.org/blogs/econogra…

📚 What we're reading

Once an affordable luxury for China's middle class, piano sales are down.

It's another sign that falling wages and a weak property market are weighing on domestic demand.

From Qizi Sun, Jing Li, Shulun, Jing Zhao & josh ⤵️
bloomberg.com/news/features/…