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Jump to content PIIE Open the Menu Open the Search Form Enter your keywords Search Research Publications Policy Briefs Working Papers Books PIIE Briefings Commentary Op-Eds Testimonies Speeches and Papers Topics & Regions PIIE Charts What Is Globalization? 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Still, the decline was considerably smaller than projected earlier in the year and is likely much smaller than experienced in most other large advanced economies. In eight charts, we illustrate some of the most important points about what the latest US GDP data tell us about 2020. The building is closed to staff and visitors until further notice. PIIE personnel are working remotely, with access to telephone messages. Photo Credit: REUTERS/Kevin Lamarque Featured PIIE Chart US-China phase one tracker: China’s purchases of US goods Chad P. Bown (PIIE) January 27, 2021 Trade and Investment Policy Watch Trump’s Trade War Timeline: An Up-to-Date Guide Chad P. Bown (PIIE) and Melina Kolb (PIIE) December 18, 2020 Microsite What Is Globalization? Melina Kolb (PIIE) and Trade and Investment Policy Watch Editor (PIIE) October 29, 2018 Get PIIE Updates PIIE Recommends Reuters Marketplace - Latin America News Agency Pictures Op-Eds Europe’s Vaccine Disaster Isn’t Lack of Supply Jacob Funk Kirkegaard (PIIE) January 28, 2021 via Foreign Policy REUTERS/Denis Balibouse Op-Eds To Build Back Better, Biden Needs to Fix Trade Chad P. Bown (PIIE) January 21, 2021 via Foreign Affairs REUTERS/Shannon Stapleton Op-Eds A Global Pandemic Alarm Bell Jean Pisani-Ferry (PIIE) January 26, 2021 via Project Syndicate Microsite How to Fix Economic Inequality? Peterson Institute November 17, 2020 Microsite Rebuilding the Global Economy Adam S. Posen (PIIE) October 20, 2020 REUTERS/Kevin Lamarque Op-Eds Biden’s Stimulus Should Stay the Course Jason Furman (PIIE) January 25, 2021 via Wall Street Journal Leon Neal/Pool via REUTERS RealTime Economic Issues Watch Did the Brexit deal fulfill Boris Johnson's political agenda? Jacob Funk Kirkegaard (PIIE) January 26, 2021 REUTERS/Jason Reed Policy Brief Fiscal resiliency in a deeply uncertain world: The role of semiautonomous discretion Peter R. Orszag (Lazard), Robert E. Rubin (Council on Foreign Relations) and Joseph E. Stiglitz (Columbia University) January 2021 From Our Experts Adam S. Posen President It's all in the mix: How monetary and fiscal policies can work or fail together Increasing Relevance, Diminishing Access Require Unchanging Values for a Changing Audience International economic challenges for the President-elect: Trade, China, the dollar, and pandemic recovery Jean Pisani-Ferry Nonresident Senior Fellow A Global Pandemic Alarm Bell The EU That Can't Say No Rebuilding the Global Economy: Role of the ECB and European Commission in macroeconomic policy Simeon Djankov Senior Fellow Rebuilding the Global Economy: Role of international development and the multilateral development banks Female labor force participation has been more resilient during the pandemic in the UK than in the US COVID-19 widens gender gap in labor force participation in some but not other advanced economies Twitter Peterson Institute PIIE • 10 hours The US economy contracted 3.5% on an annual basis in 2020, the largest contraction for any full year since the demo… https://t.co/LtgdIvtGNI Peterson Institute PIIE • 17 hours RT @ojblanchard1 : A discussion with @arvindsubraman on how the new approach to fiscal policy in advanced economies translates to fisc… https://t.co/a0K8Kf257b Peterson Institute PIIE • 19 hours European governments must focus urgent attention on more effectively injecting the vaccines they have already recei… https://t.co/1GV2TVTBeQ PIIE Blogs Reuters Marketplace China Economic Watch Rising SOE defaults alarm investors but could benefit the Chinese economy Tianlei Huang (PIIE) January 29, 2021 Trade and Investment Policy Watch Settling the Boeing-Airbus dispute can deliver an early win for Biden's agenda Jacob Funk Kirkegaard (PIIE) January 15, 2021 RealTime Economic Issues Watch What the US GDP data tell us about 2020 Jason Furman (PIIE) and Wilson Powell III (Harvard Kennedy School) January 28, 2021 Events Past Event Getting America back in the game: A multilateral perspective Anabel González (PIIE), Richard Baldwin (Graduate Institute, Geneva) and Chad P. Bown (PIIE) January 19, 2021 As the Biden administration takes office, most countries are looking forward to the restoration of multilateralism and American trade leadership. But US trade policy will not simply return to a business-as-usual (pre-Trump) status. How can other countries help the United States to support,... Upcoming Streaming Event The EU-China Comprehensive Agreement on Investment: Will it be a game changer? Anabel González (PIIE), Sabine Weyand (European Commission) and Wendy Cutler (Asia Society Policy Institute) February 3, 2021 Upcoming Streaming Event Religion and the Rise of Capitalism Benjamin M. Friedman (Harvard University) February 4, 2021 PIIE Charts US-China phase one tracker: China’s purchases of US goods Chad P. Bown (PIIE) January 27, 2021 How the EU-UK Brexit deal affects Britons US sanctions have not yet heavily targeted China's financial institutions 2020 was a painful year for the US labor market Multimedia Past Event Early post-Brexit observations on the City of London Nicolas Véron (PIIE), William Wright (New Financial) and Nathan Sheets (PGIM Fixed Income) January 27, 2021 9:00 AM to 10:00 AM Trade Talks Episode 148: The EU’s new trade policy, with Sabine Weyand of DG Trade Featuring Soumaya Keynes (The Economist) and Chad P. Bown (PIIE) January 19, 2021 Past Event Getting America back in the game: A multilateral perspective Anabel González (PIIE), Richard Baldwin (Graduate Institute, Geneva) and Chad P. Bown (PIIE) January 19, 2021 11:00 AM to 12:00 PM Past Event Time to get serious about taxing global capital Caroline Atkinson (RockCreek; PIIE Executive Committee), Kimberly Clausing (UCLA School of Law) and Jason Furman (PIIE) January 12, 2021 9:30 AM to 10:30 AM Past Event Rebuilding the Global Economy: Role of the White House Jason Furman (PIIE), Karen Dynan (PIIE), Douglas A. Irwin (PIIE) and Nicholas R. Lardy (PIIE) October 26, 2020 9:00 AM to 10:00 AM Past Event What trade policy priorities for the Biden administration? Anabel González (PIIE), Michael Froman (Mastercard; former United States Trade Representative) and Chad P. Bown (PIIE) November 18, 2020 1:30 PM to 2:30 PM Explore PIIE Topics China United Kingdom Protectionism Trade Deficit Trade Policy US-China Trade War USMCA / NAFTA Taxes Currency Manipulation Globalization Explore PIIE Topics Explore by Keyword United States Argentina Brazil Burma Canada China East Asia & Pacific Egypt Europe & Central Asia European Union Former Soviet Economies France Germany Greece India Iran Ireland Italy Japan Latin America & the Caribbean Mexico Middle East & North Africa North Korea Puerto Rico Russia South Asia South Korea Sub-Saharan Africa Syria Ukraine United Kingdom Trade & Investment - Competition - US-China Trade War - Co...