There is one European economic policy/theory fetishism that stresses the importance of external balance in ‘underpinning sustainable’ growth.
The banking crisis is still on-going and is likely to worsen this year,
Russian external trade figures for Q4 2014 show accelerating trend toward decline in both exports and imports.According to the latest data, value of goods exports and imports in Q4 2014 fell almost 20% y/y, with December fall of 25% y/y. Russian import…
As expected, the IMF announced a revised package of loans for Ukraine today.
Sanctions have been hitting predominantly smaller enterprises (via cut off of credit supply) and ordinary people (via supporting currency devaluations)
Having covered Manufacturing PMIs and Services PMIs for BRIC economies, let’s take a look at the Composite measure of PMIs.First, combined Composite Measure for all BRIC economies. The measure is based on a sum of Services and Manufacturing PMIs for ea…
BRIC PMIs for January are continuing to show divergence in growth across the four economies.