This tag is associated with 9 posts

With China Slowing, Faster Reforms Critical To Generate Jobs

By W. Raphael Lam, Xiaoguang Liu, and Alfred Schipke China is moving toward a “new normal” of safer and more sustainable growth.  To this end, ensuring its labor market stays resilient will be critical.  Reforms to contain vulnerabilities caused by buildup of credits may temporarily slow growth, and raise the unemployment rate, but supported through … Continue reading

The Economic And Financial Problems In Europe Are Only Just Beginning…

By Michael Snyder Right now, the financial world is focused on the breathtaking stock market crash in China, but don’t forget to keep an eye on what is happening in Europe.  Collectively, the European Union has a larger population than the United States, a larger economy than either the U.S. or China, and the banking … Continue reading

12 Ways The U.S. Economy Is In Worse Shape Than It Was During The Last Financial Crisis

By Michael Snyder Did you know that the percentage of children in the United States that are living in poverty is actually significantly higher than it was back in 2008?  When I write about an “economic collapse”, most people think of a collapse of the financial markets.  And without a doubt, one is coming very … Continue reading

As Greece Teeters On The Brink: Could Cash From Bank Accounts Get Confiscated, Similar To That Of Cyprus?

By Michael Snyder Do you remember what happened when Cyprus decided to defy the EU?  In the end, the entire banking system of the nation collapsed and money was confiscated from private bank accounts.  Well, the nation of Greece is now approaching a similar endgame.  At this point, the Greek government has not received any … Continue reading

Renaissance Or Mirage: Can Africa Sustain Its Growth?

By Stephen Onyeiwu The world’s eyes have turned to Africa after what many consider to be an unprecedented economic performance. Even the most cautious analysts are so sanguine about the continent’s economic prospects that they are willing to bet on its rosy future. The International Monetary Fund expects sub-Saharan Africa to grow at an average annual … Continue reading

A Greek Canary In The European Coal Mine

By John Rapley The political fault-line that has supposedly emerged in Europe in the age of austerity pits prudent northerners against profligate southerners. Thus, while Italy and Greece may be flailing in a pit of economic despond, the Dutch or Germans feel little pity since they reckon their partners willingly leapt into the mire. But … Continue reading

Disinflation In EU Countries Outside The Eurozone – IMF

By Plamen Iossifov and Jiri Podpiera Inflation has been falling sharply across Europe since 2012 (see Charts 1 and 2). Across Central and Eastern Europe (CEE), inflation expectations have also drifted down especially among countries who peg their currencies to the euro (Bulgaria, Croatia and Lithuania, which adopted the euro on January 1, 2015), but also … Continue reading

12 Signs That The Economy Is Really Starting To Bleed Oil Patch Jobs – OpEd

By Michael Snyder The gravy train is over for oil workers.  All over North America, people that felt very secure about their jobs just a few weeks ago are now getting pink slips.  There are even some people that I know personally that this has happened to.  The economy is really starting to bleed oil patch … Continue reading

Poland Continues To Surprise On The Upside

By Jan Cienski in Warsaw BNE While the western European economies look increasingly troubled, Poland continues to surprise on the upside, with new reports showing falls in unemployment and resilience in consumer spending – not long after flash third quarter GDP numbers also came in better than expected. The driver behind the good news seems to be … Continue reading

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