The Eurozone economy will grow at barely 1.5% annually in the next two years. GDP treaded water in 2014 after two years of contraction. In such an environment, incomes stagnate, job prospects remain scarce, and pessimism gets entrenched.
No, it’s the price of oil. On Tuesday, December 16, the WTI spot price closed just below $55 per barrel, its lowest level since May 2009. Prices of petroleum products like gasoline and diesel are following the price of crude oil in its downward march.
I recently attended an interesting symposium on transatlantic relations organized by an institute at Johns Hopkins University and held at Deutsche Bank in New York City. One panel, devoted to labor markets in Europe and the U.S., was particularly insightful.
The MAPI Foundation’s manufacturing production index for Latin America is forecast to decline a slight 0.1% in 2014; however, I warn our readers to focus on the country-specific situations and pay little attent
Mexican factories continue to remain the manufacturing growth leader in Latin America as Brazil and Argentina face declines that sour the outlook in the region, according to a report from the MAPI Foundation, the research affiliate of the Manufacturers Alliance for Prod
Global Economy, Competitiveness, Government Policy, Economic Environment, Recession
Brazil’s economy and manufacturing are in a technical recession, inflation is higher than desirable, and public finances are deteriorating. The country’s short-term outlook appears depressing, as the ongoing macroeconomic imbalances will have to be addressed by orthodox policies, which will in turn bring muted growth and rising unemployment.