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European economies inspire little confidence of growth
GREECE took over the presidency of the European Union for six months in January 2014 thanks to the financial support it has received from two huge financial bailouts which have kept it afloat....
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Eurozone economies could be heading for more trouble
EUROPEAN monetary authorities appeared to have a pretty clear vision until February 2014 about the likely outcome over the next few months - banks would clean up their balance sheets and governments...
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Developing countries get second chance for investment and growth
STOCKS in most developed countries have done remarkably well over the last three years and reached their pre-global economic crisis levels of 2008 in many cases. But recovery is weak - very weak and...
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Future in world’s key economies is fraught with challenges
AMERICA is growing, Western Europe is stagnant, China and most of East Asia is expanding relatively quickly, with some clouds in the distance. This is the picture of traits in the global economy...
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Contrasting economic outlook for Europe and US in 2015
THE RALLYING cry on international financial markets over the last few weeks has been ‘prudence’. Most observers believed, and still believe, that stock and bond markets were inflated and the most...
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American economic growth is solid not miraculous
JANET Yellen’s cautious message that the US Federal Reserve plans to raise interest rates to nip inflation in the bud - but it is in no hurry to do so - was probably the most important piece of news...
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Fed rate increase that matters is the one after September
THE US FEDERAL Reserve Board has finally made up its collective mind and will probably tighten monetary policy in the United States before the end of 2015. But it is unclear if this will be real...
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Savers beware — central banks and governments have declared war on cash
WILL BANKNOTES and coins soon disappear? Technology and convenience support this trend, but monetary policy and fiscal coercion play a less innocuous role. A ‘war on cash’ is underway that aims at...
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Zero interest rates discourage savings and help create asset price bubbles
THE UNITED States Federal Reserve made news last week by raising its benchmark interest rate. However, even if the Fed continues with modest hikes, globally, rates close to and even below zero are here...
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India’s leader makes economic growth his top policy goal
The government of India’s Prime Minister Narendra Modi is going into 2016 with two principal policy objectives: economic reforms and keeping India’s borders quiet. The prime minister will invest much...
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Peru’s 2016 elections focus on growth and dysfunctional politics
PERU’S gross domestic product is estimated to have grown by 2.8 percent in 2015 – an excellent result when seen against the background of the contraction of 0.3 percent that Latin America recorded in...
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Europe’s economic weaknesses risk becoming new crises
EUROPE’S leaders have failed to solve the structural problems revealed by the crisis of 2008. Nor have they grappled with issues that have emerged in recent years. Examples include high public debt,...
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Fed’s policy may derail economy and bring collapse of dollar bloc
THE YEAR has not started well for global financial markets. Undoubtedly, one reason that stocks have slumped is that the United States Federal Reserve under Janet Yellen has started to raise interest...
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Euro crisis looming again?
AFTER Greece obtained its third bailout last summer, Europe turned its attention to other crises. But it would be naive to conclude that the sovereign debt crisis is over. The Greek drama is still far...
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Economic conditions are sowing seeds for monetary policy change
IN MARCH, the United States Federal Reserve kept its main interest rate on hold, while the European Central Bank cut its main interest rate to zero. The moves confirmed what investors already knew: the...
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India’s Modi aims for growth through budget discipline
INDIA’S government is trying to stick to tight fiscal policy in the face of a depressed farm sector and a banking sector overburdened with bad loans, writes World Review Expert Pramit Pal Chaudhuri. In...
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