Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘Recovery’

The Eurozone’s Challenge: Don’t Waste the Recovery

Posted by hkarner - 17. Oktober 2017

Date: 16-10-2017
Source: The Wall Street Journal By Simon Nixon

The bloc’s robust recovery is an opportunity to strengthen its resilience to future shocks—but will governments grasp it?

French President Emmanuel Macron, and German Chancellor Angela Merkel have different priorities when it comes to reforming the eurozone’s architecture.

The International Monetary Fund had a clear message for economic policy makers gathered in Washington for its annual meetings last week: don’t waste a recovery. The global economy is enjoying a robust upswing, so governments should fix the roof while the sun is shining.

It was a message directed particularly at the eurozone. The strength of the currency bloc’s recovery has taken almost everyone by surprise, not least the IMF, which upgraded its forecast for eurozone growth in 2018 by 0.2 percentage point to 2.1% compared with its July forecast, putting it on a par with the U.S. This recovery is both broad-based, spanning all countries and sectors, and well-balanced—with household spending, exports and investment all playing their part. Den Rest des Beitrags lesen »

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What’s Really Behind the Eurozone’s Economic Turnaround

Posted by hkarner - 15. August 2017

Date: 14-08-2017
Source: The Wall Street Journal By Simon Nixon

Many economists may have underestimated the role of improvements to the supply side of the eurozone economy

It is now four years since the start of the remarkable Spanish economic recovery. Yet at the time, few saw it coming. Back in July 2013, the International Monetary Fund forecast that it would take until 2018 for Spanish economic growth to barely scrape above 1% while unemployment would remain above 25% for five years.

In fact, the Spanish turnaround had already begun: Growth exceeded 1% in 2014 and has been above 3% ever since. In that time, Spain has created more than two million jobs, bringing the unemployment rate down from a peak of 26.2% to an eight-year low of 17.2% today. Den Rest des Beitrags lesen »

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Recovery is Not Resolution

Posted by hkarner - 2. August 2017

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Explaining Global Recovery Amid Political Recession

Posted by hkarner - 2. August 2017

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Europe’s Rocky Recovery

Posted by hkarner - 29. Juli 2017

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The Global Recovery’s Downside Risks

Posted by hkarner - 6. Juni 2017

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Keen, Hudson Unpick Historical Path to Global Recovery

Posted by hkarner - 4. Dezember 2016

By  Hudson,  Hudson

REAL VISION INTERVIEW TRANSCRIPT:

Featuring: Michael Hudson, Steve Keen
Published date: 22nd of November 2016

Synopsis: With two renegade economists in one room in London for 90 minutes you can expect some pretty controversial opinions about the current economic establishment. This film has all the makings of a Real Vision classic, as Steve Keen interviews professor and author, Michael Hudson, sharing their radical views and an extraordinary depth of knowledge.

Discussing the complacency and complicity of traditional economic models, as taught in universities and adopted by central banks, Michael and Steve take us on a journey from a solar system to a galaxy of thought, taking in the history of economics to solutions for the ongoing global depression.

Highlights:

Michael Hudson: Killing the Host will be published in German at the end of the month of November. Basically, it’s a more popular version of The Bubble and Beyond. It shows that when the financial sector takes over, it’s very much like a parasite in nature. People think of parasites simply as taking the life blood of the host and draining the energy. But in order to do that, the parasite has to have an enzyme to take over the host’s brain. They take over the brain and convince the host that the free luncher is actually part of the host’s own body, and even its baby to be protected. That’s what the financial sector has done. Den Rest des Beitrags lesen »

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Escaping the New Normal of Weak Growth

Posted by hkarner - 1. Oktober 2016

Photo of Michael Spence

Michael Spence

Michael Spence, a Nobel laureate in economics, is Professor of Economics at NYU’s Stern School of Business, Distinguished Visiting Fellow at the Council on Foreign Relations, Senior Fellow at the Hoover Institution at Stanford University, Academic Board Chairman of the Asia Global Institute in Hong Kong, and Chair of the World Economic Forum Global Agenda Council on New Growth Models. He was the chairman of the independent Commission on Growth and Development, an international body that from 2006-2010 analyzed opportunities for global economic growth, and is the author of The Next Convergence – The Future of Economic Growth in a Multispeed World.
 

SEP 30, 2016, Project Syndicate

MILAN – There is no question that the recovery from the global recession triggered by the 2008 financial crisis has been unusually lengthy and anemic. Some still expect an upswing in growth. But, eight years after the crisis erupted, what the global economy is experiencing is starting to look less like a slow recovery than like a new low-growth equilibrium. Why is this happening, and is there anything we can do about it? Den Rest des Beitrags lesen »

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Eurozone Recovery Belies Euroskeptic Myths

Posted by hkarner - 6. Mai 2016

Date: 05-05-2016
Source: The Wall Street Journal

Recent data suggest recovery in the common-currency area is possible

Euroskeptics have long complained that the British economy is “shackled to a corpse”—that being part of a European Union with the dysfunctional eurozone is a major drag on the U.K.’s fortunes.

For the last six years, this charge was hard to refute: The eurozone has been mired in seemingly permanent crisis, its multiyear recession a drag on the global economy.

Yet last week, with just over 50 days to go before Britons vote on whether to quit the EU, Eurostat published preliminary estimates of first quarter gross domestic product that showed the eurozone economy grew by 0.6%, an annualized rate of 2.2%. That is faster than the U.S. at 0.1% or the U.K. at 0.4%. The corpse may not be dead after all.

This follows a string of recent data that suggest the eurozone has shrugged off what now appears to have been largely a liquidity-driven panic at the start of the year to continue its modest recovery, buoyed by low oil prices, falling borrowing costs, a weak currency and a modest fiscal stimulus. Den Rest des Beitrags lesen »

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Europe’s Economy, After 8-Year Detour, Is Fitfully Back on Track

Posted by hkarner - 1. Mai 2016

Date: 30-04-2016
Source: The New York Times

By one measure, the economic crisis that has long ravaged Europe is finally over.

On Friday, the European Union released data showing that the overall economy of the 19 countries that use the euro advanced 0.6 percent over the first three months of the year, compared with the previous quarter.

That gain, equivalent to an annual rate of 2.2 percent, brought the eurozone’s gross domestic product for the period — the total value of goods and services produced — to slightly above the previous peak reached in the early months of 2008, before the crisis emerged and Europe’s core economy descended into a pair of crippling recessions.

“The long-awaited recovery may finally be consolidating,” said Iain Begg, a research fellow at the European Institute of the London School of Economics. Den Rest des Beitrags lesen »

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