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Reuters (March 23)

2020/ 03/ 24 by jd in Global News

“China is consciously uncoupling from Western peers on rates. Its central bank has held lending benchmarks steady as global peers slash…. The People’s Bank of China’s relative immobility has surprised many economists…. The spread between 10-year Chinese government bonds and U.S. Treasuries is nearly two percentage points, its widest since 2015.”

 

Washington Post (August 17)

2019/ 08/ 18 by jd in Global News

“American consumers are increasingly propping up the global economy,” but it’s unclear that they can keep playing this role or even continue propping up the U.S. economy. “A number of signs point to a possible downturn in the United States, economists are growing more skeptical that consumers will continue to open up their wallets as freely. A failure to do so could hasten the arrival of the first U.S. recession in a decade.

 

Wall Street Journal (May 20)

2019/ 05/ 21 by jd in Global News

“The Japanese economy unexpectedly grew in the first quarter of 2019 supported by government spending, although there were some worrying signs connected to the U.S.-China trade dispute.” The economic expansion (2.1% annualized) surprised economists who thought “the first-quarter figure would be flat or slightly negative.”

 

Nikkei (May 19)

2019/ 05/ 21 by jd in Global News

“Japan’s economy” looks “on course for a major downturn,” based on a survey of about 1,300 economists. “Should China’s stimulus take hold, concerns about a worsening Japanese economy may be washed away. Yet Japan is constrained not only in its monetary policy, but also in its fiscal leeway considering the heavy government debt load,” not to mention the need for major employment and social security reforms.

 

New York Times (June 20)

2018/ 06/ 22 by jd in Global News

“The United States should stop the scattershot, pointless nonsense on tariffs and go the other way, and hard: It should drop all tariffs, even if the rest of the world doesn’t follow.” Economists have long “understood that free trade is the best policy. Studies show that countries with freer trade have both higher per-capita incomes and faster rates of productivity growth. Economists have also long understood that barriers to trade, while pitched as a way to help domestic workers, always heavily penalize domestic consumers.”

 

Reuters (November 3)

2017/ 11/ 04 by jd in Global News

“The Bank of England’s first rate rise in over a decade is for now at least a ‘one and done’ move, according to economists in a snap Reuters poll who said the next increase won’t come until after Brexit in March 2019.”

 

Bloomberg (August 14)

2017/ 08/ 16 by jd in Global News

“The last time Japan strung together this many quarters of growth was back in mid-2006…. The yen has fallen, corporate profits have soared and the economy is running above its potential growth rate. Yet inflation remains stubbornly low, despite massive monetary stimulus from the central bank. Economists are watching intently for signs that the tightest labor market in decades is beginning to bring wage gains.”

 

Reuters (October 18)

2016/ 10/ 19 by jd in Global News

International sanctions are hitting Russia hard. “Though the Kremlin shows no sign of backing down, it remains unclear whether Russia’s struggling economy can support its global aspirations. Moscow’s 2014 invasion of eastern Ukraine sparked a major recession. Economists have been looking in vain for signs of recovery ever since.”

 

New York Times (June 26)

2016/ 06/ 27 by jd in Global News

“This is just the start of the Brexit’s economic disaster.” Many of Brexit’s supporters distrusted experts and economists who were by and large supporters of the remain campaign. “Experts are, of course, known to make mistakes. But in this case, the people who voted for Brexit will pay a big price for ignoring economic expertise. The harmful effects of this vote are both immediate and lasting.”

 

LA Times (March 2)

2016/ 03/ 02 by jd in Global News

“Donald Trump is not fit to be president of the United States. Many people have said it—politicians of both parties, economists, pundits, business leaders—but millions of GOP primary voters don’t seem to be listening.”

 

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