With the COVID-19 pandemic still spiraling out of control, the best economic outcome that anyone can hope for is a recession deeper than that following the 2008 financial crisis. But given the flailing policy response so far, the chances of a far worse outcome are increasing by the day.
NEW YORK – The shock to the global economy from COVID-19 has been both faster and more severe than the 2008 global financial crisis (GFC) and even the Great Depression. In those two previous episodes, stock markets collapsed by 50% or more, credit markets froze up, massive bankruptcies followed, unemployment rates soared above 10%, and GDP contracted at an annualized rate of 10% or more. But all of this took around three years to play out. In the current crisis, similarly dire macroeconomic and financial outcomes have materialized in three weeks.
The President of the Center for International Relations and Sustainable Development (CIRSD), Vuk Jeremić delivered a lecture at ADA University, Azerbaijan’s top-tier educational institution entitled "Geopolitics of the Balkans and How it Relates to the Caucasus”.
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Vuk Jeremić lectures at the Diplomatic Academy in Vienna
At the invitation of the Diplomatic Academy in Vienna, one of the most prestigious and oldest schools on the European continent, CIRSD President Vuk Jeremić delivered a lecture entitled “(Geo)politics of the Balkans: The Revenge of History”, on February 7th, 2023.
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Prof. Sachs: “Sanctions against Russia ineffective and contrary to international law”
CIRSD had the privilege to host one of the world’s brightest minds and most famous economists – Prof. Dr Jeffrey Sachs in a live discussion titled "The winter of Our Discontent".
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Central Asia: The Age of Reform
The Center for International Relations and Sustainable Development (CIRSD) co-organized a conference on December 7, 2022, titled “Central Asia: The Age of Reform” at the Diplomatic Academy of Vienna, one of the most prestigious and oldest (1754) schools in Europe.
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