There’s a massive gap between the euro area 12 (euro ‘growthology’ states that supported from the start the idea of ‘sustainable’ growth based on the EMU) and the rest of the advanced economies.
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…
A very interesting insight into the interaction of politics and economics in public perception of political power distribution and public satisfaction with political life from the Pew Research: http://www.pewglobal.org/2015/02/12/discontent-with-p…
A neat comparative of the extent of the recent Ruble crisis in a historical context.
As expected, the IMF announced a revised package of loans for Ukraine today.
Readers of this blog would be familiar with the Baltic Dry Index and with its importance in flagging up trends in global trade and, especially, in European trade.
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…