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The Economist (September 15)

2018/ 09/ 17 by jd in Global News

“Debt stalks Africa once again. Over the past six years sub-Saharan governments have issued $81bn in dollar bonds to investors hungry for yield. Piled on top of this are murkier syndicated loans and bilateral debts, many to China and tied to big construction projects. Public debt has climbed above 50% of GDP in half the countries in sub-Saharan Africa. The risk of a crisis is growing.”

 

Institutional Investors (June 11)

2018/ 06/ 13 by jd in Global News

“When the U.K. secedes from the EU, it will abandon 70 years of globalization. It will turn away from a world order that increasingly relies on supranational institutions to check the power of extremely wealthy individuals and corporations like Apple and Facebook, with market capitalizations far bigger than the GDPs of most nations.” The potential consequences of Brexit leave many in the City of London feeling threatened, but there is “a coterie of hard-right, wealthy businessmen” who are delighted about “rolling back globalization to protect their positions of power — all in the name of populism.”

 

The Guardian (March 19)

2018/ 03/ 21 by jd in Global News

“As the disastrous impact of leaving the EU becomes clearer, UK citizens should be allowed another say.” Some forecasts estimate that it will take “at least 20 years before the UK economy stabilises after Brexit.” And the London School of Economics “found that all EU countries will lose income after Brexit. The overall GDP fall in the UK is estimated at between £26bn and £55bn, depending on the negotiated settlement. In the most pessimistic scenario, the cost of Brexit could be as high as £6,400 for each household.”

 

The Independent (January 31)

2018/ 02/ 02 by jd in Global News

“There’s still time for a Suez style retreat from Brexit… There is no cosmic law mandating the continuation of a folly simply because it is begun; no rule of primogeniture giving an older expression of the democratic will precedence over any that might follow…. an epochal global humiliation is a far smaller price to pay than 8 per cent, 5 per cent or even 2 per cent of GDP.”

 

Institutional Investor (October Issue)

2017/ 10/ 30 by jd in Global News

“Japan’s back, baby! No, you’re not hallucinating…. The world’s third-largest economy may finally have put its deflationary past behind…. Gross domestic product expanded for six straight quarters through June, momentum not seen in more than a decade, and private consumption, which accounts for two thirds of GDP, rose nearly 1 percent in the second quarter.”

 

The Economist (August 5)

2017/ 08/ 07 by jd in Global News

“It is odd that North Korea causes so much trouble. It is not exactly a superpower. Its economy is only a fiftieth as big as that of its democratic capitalist cousin, South Korea. Americans spend twice its total GDP on their pets.” And yet everyone is wondering what to do with this rogue. “There are no good options to curb Kim Jong Un.” But a first strike or “blundering into war would be the worst… The world must keep calm and contain Mr Kim.”

 

Bloomberg (March 3)

2017/ 03/ 05 by jd in Global News

There is a “big problem with China’s bridge and tunnel addiction.” It looks unsustainable. “China spent more than $10.8 trillion on infrastructure from 2006 to 2015…. Outlays for roads, airports, ports, railways, and the like rose 17.4 percent last year, far outpacing the country’s 6.7 percent expansion in gross domestic product.” To maintain the pace, Beijing is promoting public-private partnerships (PPP), but these look “unstable.”

 

Bloomberg (February 16)

2017/ 02/ 17 by jd in Global News

“Sleep deprivation is doing more harm in Japan than just making people grumpy and unhealthy. It is also holding back the world’s third-largest economy,” creating an economic drag of nearly $140 billion or roughly 2.9% of GDP. This is a much larger GDP slice than Canada (1.35%), Germany (1.56%), the UK (1.86%) or the U.S. (2.28%) lose to sleep deprivation. Moreover, periodic surveys by the Ministry of Health, Labour and Welfare, show the number of people averaging less than 6 hours of sleep per night has risen by about 10% since 2007 to nearly 40% of Japan’s population.

 

Chicago Tribune (December 23)

2016/ 12/ 24 by jd in Global News

“From the standpoint of personal health, getting at least seven hours is just common sense. But a case can be made that sleep equals productivity equals a robust economy. So, for yourself and for the sake of our country, do your part for the gross domestic product.” A recent Rand Corporation study found that lost sleep negatively impacts the U.S. economy by $411 billion each year.

 

Bloomberg (December 4)

2016/ 12/ 06 by jd in Global News

In India, “the chaos accompanying ‘demonetization’ hasn’t eased up noticeably. It seems likely the disruption to the economy…will hit growth sharply for at least a few quarters. It’s tough to say for how long and by how much; we are in uncharted territory here and guesses have varied widely.” There is a very loose consensus, however, that the move by Prime Minister Modi to invalidate 86% of the currency in circulation could cause GDP growth to fall by approximately 2 percentage points.

 

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