There will not be a currency war. Without expressly coordinating their actions, this is the joint message issued by the ECB and the Fed in early March [...]
The Fed is worried about the negative risks the global slowdown pose to US growth. Yet the United States has a very closed economy, and in the past, it is generally internal or exogenous factors that have triggered economic downturns [...]
Despite concerns at the beginning of the year, the effect of financial stress on growth should remain contained. In the Eurozone, the picture is largely unchanged, without being particularly upbeat. GDP, which grew by 1 [...]
Despite strong activity in early 2016, business and consumer confidence indices have been sliding. In 2016, the economic growth will be mainly consumption driven, thanks to strong real disposable income growth [...]
Since 1999, France has seen its export market share fall more than any other Eurozone country. The poor quality/price ratio seems to have been the main factor [...]
In 2015, Italy came out of recession, after three consecutive years of contraction and despite a negative contribution from net exports [...]
Spain will be hit by the slowdown in some of the emerging economies in 2016. Even so, it should report much stronger growth than of most its Eurozone partners [...]
Jeitinho Brasileiro – the Brazilian way of doing things – is a deeply anchored social and cultural mechanism [...]
India’s macroeconomic fundamentals improved in 2015/16: growth accelerated, inflationary pressures eased, public finances strengthened and the external position improved. Yet there are still several grey areas [...]
Faced with a severe economic growth slowdown and given the increasingly narrow manoeuvring room for monetary policy, the authorities have broadened their scope of action on the fiscal policy front [...]
The political crisis of 2015 slammed the brakes on the nascent recovery of the Greek economy. A return to growth is expected in the second half of 2016 [...]
Despite a series of negative shocks, GDP growth has been fairly resilient so far notably thanks to a relatively supportive policy mix [...]
