Iran Struggles to Sustain its Economic Recovery

Iran Struggles to Sustain its Economic Recovery

photo: s1ingshot Introduction. On the eve of the Iranian presidential election in May, Iranian President Rouhani has much to feel good about. Thanks to his tireless efforts, Iran’s economy has moved from a recession in 2015/2016 to 7.4% GDP growth in the first half of 2016/2017. But U.S. President Trump’s opposition to the nuclear agreement could […]

The Mist of Central Bank Balance Sheets

The Mist of Central Bank Balance Sheets

Central banks of large advanced and many emerging market economies have recently gone through a period of extraordinary expansion of balance sheets and are all now possibly facing a transition to less abnormal times. However, the fact that one group is comprised by global reserve issuers and the other by bystanders receiving impacts of the […]

What Is Pushing the Oil Prices Down?

What Is Pushing the Oil Prices Down?

photo: Ryan Lackey A new pricing consensus has emerged on the global oil market, spurred by financial and intrinsic factors. The fall in prices for ‘black gold’ has been a key shift in the global oil market in recent years. If, in 2014, the average annual price of a barrel of Brent cost $99, then in […]

What Happened to the GDP Data of Turkey?

What Happened to the GDP Data of Turkey?

The National Accounts of Turkey have been recently revised by the Turkish Statistical Institute, resulting in remarkable updates on the Gross Domestic Product (GDP) series. Based on this revision, the Turkish economy seems to have painted a rosy picture in the post-crisis period until 2015. While the real GDP growth rate has become 7.4 percent […]

Do Country Ties of Credit Rating Agencies Matter in the Sovereign Rating Process?

Do Country Ties of Credit Rating Agencies Matter in the Sovereign Rating Process?

Worse ratings by U.S. rating agencies for European sovereigns no argument for European rating agency The predominant Credit Rating Agencies (CRAs) Moody’s Investor Services (Moody’s), Standard and Poor’s (S&P), and Fitch Ratings (Fitch) have been criticized by leading European politicians for taking an anti-European perspective during the European sovereign debt crisis. At the same time, […]

The Philippines “BRIC” Effort

The Philippines “BRIC” Effort

photo: GovernmentZA While the Obama White House prepared plans for regime change in the Philippines, President Trump is working on an assertive strategy in Asia. Meanwhile, President Duterte is accelerating the country’s economic growth – dramatically. After the election triumph of President Rodrigo Duterte, the Philippines has initiated a series of economic reforms to accelerate […]

Is Global Climate Change Good for Business?

Is Global Climate Change Good for Business?

In addition to increasing temperatures and rising sea levels, global climate change represents a complex exercise for the great majority of businesses, which must frame the meaning, the costs, and the business and investment opportunities associated with this ongoing phenomenon. For a large number of companies, action on climate change is embedded in some version […]

Trumping World Trade

Trumping World Trade

After the inauguration, President Trump has begun to reset the White House trade policies. But the consequences of “America First” stance in world trade are wrought with threats. Recently, President Xi Jinping gave a strong speech about the need for more inclusive globalization at Davos. World trade is a case in point. In 2015, world […]

Will Hyper-Digitization Drive The Next Industrial Revolution?

Will Hyper-Digitization Drive The Next Industrial Revolution?

photo: Ronaldo Lima, Jr. The next wave of smart technologies—from the Internet of Things and wearables to robotics, and artificial intelligence—will boost worker productivity, reinvent business, and add trillions of dollars to worldwide GDP growth. Research recently conducted by Roubini ThoughtLab and Cognizant’s Center for the Future of Work estimates that these smarter technologies will turbo-boost […]

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