Economic Growth
Our manufacturing outlook for Europe has been revised downward. The uneven recession in the Eurozone is now coupled with a downturn in the Czech Republic and sharply falling economic activity in Poland. Domestic demand continues to soften. Businesses refrain from adding to capacity despite low cost...
Things are not moving up in Europe’s economic tables.
Income and employment continue to sag amid languishing business sentiment, unfinished recovery of the financial sector, and continued political malaise. The euro area’s GDP will finish 2013 down about ½ percent on the year before. The ECB’s...
In 2012, China’s real (inflation-adjusted) GDP growth amounted to just 7.8 percent, the first time in more than a decade that it failed to reach 8 percent. Although some of the slowing was caused by short-term cyclical factors, many believe that it at least partially reflects ongoing structural...
MAPI and The Aspen Institute developed a new econometric forecast model showing that there is ample potential for U.S. manufacturing to undergo a resurgence that by 2025 would lead to significantly more good paying manufacturing jobs, add to GDP growth, and help create the first surplus in the...
Canada boasts the world’s third largest oil reserves, after Saudi Arabia and Venezuela. This standing rests on the country’s oil sands in the Western provinces of Alberta and Saskatchewan, the large-scale exploitation of which began a decade ago. The U.S. is currently the near-exclusive non-...
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At a time of heightened nervousness surrounding the U.S. fiscal outlook, this MAPI webinar features two noted Washington experts, Henry J. Aaron and Aric Newhouse, in a discussion of the likely outcome of the budget wars during 2013, the longer-run issues...
Introduction: The Rise of Region-Based Development
Gaining currency among the plethora of ideas for a post-2009 economic revival in the United States is the optimality of a region-based economic and manufacturing development strategy. In a noted paper, Michael Porter of the Harvard Business School...
European manufacturing is on a steep retrenchment course. It all started, paradoxically, just as financial markets stabilized in the wake of the European Central Bank’s “whatever-it-takes” moment this past summer. Since August, industrial production shed a total of about 3.5 percent in just three...
In the early hours of 2013, Congress and the White House were able to avert an immediate fiscal crisis. The last-minute deal delayed deep, automatic spending cuts and did not address the debt ceiling, setting the stage for upcoming battles over spending and the deficit. The American Taxpayer Relief...
For the Canadian economy and its manufacturing sector, 2012 was a difficult year. Global headwinds and a weak domestic economy led to disappointing economic performance. For the manufacturing sector, growth rates, sales, and employment were feeble. Nevertheless, there is confidence that 2013 will...