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Bloomberg (May 19)

2020/ 05/ 21 by jd in Global News

“Australia’s success in curbing Covid-19 infections is allowing it to slowly ease some restrictions even as it remains largely closed off from the rest of the world, taking its economy back to the pre-globalization era.” Stimulating domestic consumption prove essential “to drive any rebound,” but complicated by consumer worries. “Even before Covid-19, Australian households were among the most indebted in the developed world, with debt almost double disposable income.”

 

Investment Week (March 3)

2020/ 03/ 05 by jd in Global News

“If China fails to get ‘back to work’ and is unable to cushion the impact of the coronavirus by April the ‘global ramifications will be enormous.’” At a recent Investment Week Conference, Karen Ward, chief market strategist for EMEA at J.P. Morgan Asset Management, also urged investors to “keep an eye on figures tracking Chinese coal consumption and labour migration as key indicators of the growing impact on the country’s economy.”

 

Financial Times (February 26)

2020/ 02/ 28 by jd in Global News

“Panic spreads faster than a pandemic. That might not make it irrational.” The novel corona virus (Covid-19) has already “infected 10 times as many people as did Sars and killed more than three times as many people. China is a far bigger part of global production and consumption than was the case in 2003.” And if it is not contained, “the hit to global GDP will be even worse.”

 

Bloomberg (June 15)

2018/ 06/ 17 by jd in Global News

“The trouble is, every time China’s leadership finds itself with the appetite for the long-awaited rebalancing away from investment and toward consumption, it finds itself staring into a terrifying abyss of slowing growth…. Beijing has been trying to take its foot off the accelerator of state fixed-asset investment almost since it tapped it two years ago, but private investment clearly hasn’t been sufficient to fill the gap.” Now a trade war is likely to “trample” the long-awaited rebalancing.

 

Washington Post (April 18)

2018/ 04/ 20 by jd in Global News

“Nothing like this has happened in human history…. Men outnumber women by 70 million in China and India.” The results are “far-reaching: Beyond an epidemic of loneliness, the imbalance distorts labor markets, drives up savings rates in China and drives down consumption, artificially inflates certain property values, and parallels increases in violent crime, trafficking or prostitution.” Moreover the consequences extend all the way to Europe and the U.S.

 

Bloomberg (January 24)

2018/ 01/ 26 by jd in Global News

This April, Capetown may become the first “great world city” to run out of water. Experts now expect “the reservoirs that feed this most beautiful of coastal cities will drop below critical levels, and stand at 13.5 percent of capacity. Taps will run dry in homes and businesses, and residents may have to start lining up” to fill containers with no more than “25 liters per person, as the city government desperately tries to reduce water consumption.” This is what happens when you “ignore warnings, underinvest and pretend that the rain will fall.”

 

CNN (December 1)

2016/ 12/ 04 by jd in Global News

“Nearly every piece of plastic ever made still exists today. More than five trillion pieces of plastic are already in the oceans, and by 2050 there will be more plastic in the sea than fish, by weight… Some 8 million tons of plastic trash leak into the ocean annually, and it’s getting worse every year. Americans are said to use 2.5 million plastic bottles every hour.” The potentially catastrophic impact largely lies beyond our gaze in remote places, like Midway Atoll, where birds are dying from plastic consumption. There is now also “growing evidence that fish may prefer eating plastic to food,” and that the nano-plastics and styrene that make their way into the food chain could have profoundly negative consequences for humankind.

 

Financial Times (January 14)

2016/ 01/ 17 by jd in Global News

“Decades of anaemic wage increases, lower job security and lacklustre consumption” have undermined a generation of Japanese who are now coming to age. Dismal economic factors have “stripped away” their incentives “to leave home, buy cars, marry, have children, take risks and generally grow up.”

 

 

The Economist (September 26)

2015/ 09/ 27 by jd in Global News

“With China’s “decades-old investment boom fast dwindling, it needs consumption to kick in as a new driver of growth.” Fortunately, rebalancing is progressing with retail sales increasing “by 10.5% in real terms this year, well ahead of economic growth.” Amid industrial downturn, “China’s consumer boom is real. But do not count on it to lift the global economy.” This great consumer rebalancing is even less likely to benefit “commodity-exporting countries whose fortunes have hinged on China.”

 

The Economist (August 15)

2015/ 08/ 16 by jd in Global News

“This is the year that the economic plan of Shinzo Abe, the prime minister, should be taking wing…. Yet the economy’s performance has been underwhelming. The problems have been weak industrial production, thanks to a slowdown in exports to America and China, and anaemic household consumption.”

 

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