The Bureau of Economic Analysis reported today that US GDP grew at a 3.5 percent annual rate in the third quarter of 2014. Combined with the strong 4.6 percent showing in Q2, the six-month average of 4.05 percent is the best half-year performance of the recovery. Even including the 2.1 percent annual rate of decrease [...]
After several days of work, and the usual posturing and drama, Members of the WTO closed the Ninth Ministerial Conference on December 7 2013 with an agreement on the first comprehensive multilateral trade package negotiated within that organization. The Bali agreement has been part of the process initiated by the Doha Round launched in Doha, [...]
Volatility has returned to the financial markets. Stock prices in the U.S. have fallen from their September highs, and the return on 10-year Treasury bonds briefly fell below 2%. Financial markets in emerging markets have been particularly hard hit,. The Institute for International Finance estimates that $9 billion was withdrawn from equity markets in those countries in October, [...]
Europe's Flirtation With Deflation
A major threat to the global economy.
Must ReadThoughts From Across the Atlantic
Ukraine faces interdependent military, political, and economic problems of enormous magnitude. Its territory has been invaded and occupied by a powerful neighbor, and armed separatists and Russian forces control territory in eastern and southern Ukraine. Since April of this year, more than 3500 people have died from the violence according to UN human rights observers. [...]
For the next three weeks Neves will enjoy equal air time, almost tripling his exposure from before the first round. The domestic and international business communities have already thrown their support behind him, and many hope Silva will endorse him.