April 2016   Yet again the IMF global economic for 2016 have been revised downwards by 0.2 percentage points – to 3.2%. Global growth remains weak and uneven, beset by financial, geopolitical and political […]

March 2016   The data, in particular the sharp retrenchment in global capital and trade flows, shows that the world is facing a growing risk of “economic derailment”. In contrast […]

Today’s world is safer and richer than it has ever been, but this is of little comfort to those whose expectations are repeatedly disappointed. When one starts connecting the economic, […]

The global economy is about to enter its “third dip” (after the subprime and the Eurozone crises). The IMF just revised downwards its 2016 forecast for global growth to 3.4% […]

The global economic outlook is becoming increasingly deflationary. The dual collapse in commodity prices and EM currencies, combined with and caused by the sharp deceleration in China, exerts strong deflationary […]

 The global economic backdrop of slow and diminishing growth forecasts is being exacerbated by the financial drama occurring in countries as diverse as China and Greece. There is no end […]

The macro backdrop for the rest of the year is the following: (1) lower global growth (around 3%) than expected; (2) higher headline inflation prompted by oil base effects, but […]

On all fronts, global economic growth remains soft: facing headwinds in the US, tepid in the Eurozone, underwhelming in Japan and decelerating across emerging markets (with exceptions, such as India). […]

Many pundits and investors are coming to the realization that we live in a world in which there is too much of too many things. There is too much debt […]

As much of the world flirts with deflation or “lowflation”, some pundits turn to Japan to claim “we can happily live with it”. Their rationale: since 2009, Japan has grown […]