Tag: Economics
Economic woes create anti-establishment movements around the world
In some western countries frustration with the status quo is boosting populist and rightwing political parties The US is not the only western nation to be undergoing political ructions over the faltering post-crisis recovery. New counter-establishment parties have emerged in several countries and, as in the UK, people have voted for dramatic change. Meanwhile, theres […]
Prepare for the next recession while you can
Governments should start normalising monetary policy and cutting public debt before the next economic downturn hits them. Economic forecasts for 2017 project continued frailty in the global economy, and subpar growth for most countries and regions. Obvious economic problems include Europes weak banks, Chinas distorted property market, political uncertainty in the west, historically high private […]
‘Ball in Europe’s court’ to rescue Ceta deal, says Canada trade minister
Chrystia Freeland says Canada ready to sign and hopes to return with Justin Trudeau if EU can persuade Wallonia to lift block. Canada’s trade minister has said it is up to the European Union to rescue a landmark trade deal that is being blocked after the Walloon regional parliament refused to allow Belgium to sign […]
Federal Reserve minutes show close call on September interest rate hike
Three central bankers voted in favor of increasing rates amid easing risks of Brexit but experts still expect only one hike this year, after December meeting. The Federal Reserves decision not to increase rates in September was a close call, the minutes released on Wednesday show. When the Federal Open Markets Committee (FOMC) met in […]
Pound continues to fall against dollar amid ‘hard Brexit’ fears
Sterling falls 0.3% to $1.2395 as City worries persist about UK’s economic prospects outside EU. The pound has continued to fall against the US dollar as worries persist over the UK’s economic prospects outside the EU. Sterling suffered sharp losses last week as ministers at the Conservative party conference signalled they would opt for a […]