New York Times (November 9)
Brazil “had been on an upward trajectory, that seemed to have shaken off the legacy of instability.” Instead, it “suffered a terrible recession and is experiencing a very slow recovery.” The nation “appears to have been hit by a perfect storm of bad luck and bad policy: The global environment deteriorated sharply…. Domestic private spending also plunged… Policy, instead of fighting the slump, exacerbated it.”
Tags: Bad luck, Bad policy, Brazil, Instability, Perfect storm, Recession, Recovery, Spending
Barrons (December 30)
“Largely absent during the economy’s eight-year recovery from the financial crisis, inflation is on track to pick up in 2018—and it might just catch investors off-guard.” Even a return to modest inflation, e.g. 2.5%, would be a jolt that “could reshuffle the market.”
Time (November 22)
“The defection, subsequent surgeries and slow recovery of the soldier have riveted South Korea, but it will be a huge embarrassment for the North, which claims all defections are the result of rival Seoul kidnapping or enticing North Koreans to defect. Pyongyang has said nothing about the defection so far.”
Tags: Defection, Defections, Embarrassment, Kidnapping, North Korea, Recovery, Soldier, South Korea, Surgeries
Reuters (August 22)
Deflation “has hobbled Japan’s economy for nearly two decades, bedevilling policymakers despite drastic measures aimed at engineering a sustainable recovery.” For the sixth time, the Bank of Japan (BoJ) has delayed its 2% inflation target. This time until March 2020. Still, two-thirds of respondents in an August 1-16 Reuters Corporate Survey “saw the inflation goal as unrealistic,” with many of their responses further illustrating the complexities involved in overcoming deflation.
Tags: BOJ, Complexities, Deflation, Delay, Economy, Hobbled, Inflation, Japan, Policymakers, Recovery, Respondents, Survey, Unrealistic
Fund Strategy (June 1)
“European sceptics are being forced to acknowledge the recovery in a region that they have failed to understand politically, as the eurozone enjoys positive PMIs and employment figures while rejecting populist politics…. April saw the fifth largest allocation shift from US to European equities since the start of the eurozone in 1999.”
Tags: Allocation, Employment, Equities, Europe, eurozone, PMIs, Populist, Positive, Recovery, Sceptics, US
Reuters (April 27)
For “the first time since March 2008 the BOJ used the word ‘expansion’ to describe the state of the economy, signaling its conviction that the recovery was gaining momentum.” Still, some “analysts doubt inflation will accelerate as quickly as the BOJ projects, with slow wage growth keeping households from boosting spending.”
Tags: Analysts, BOJ, Economy, Expansion, Household spending, Inflation, Momentum, Recovery, Wage growth
Bloomberg (April 4)
“Now could be the time for foreign investors to return to Japanese equities, according to Goldman Sachs. Corporate governance reforms, a recovery in domestic demand and the strong performance of local stocks in U.S. dollar terms are all potential catalysts that may lure foreigners back.”
Tags: Catalysts, Demand, Equities, Foreign investors, Goldman Sachs, Governance, Japan, Performance, Recovery
Bloomberg (January 5)
“From goods leaving the factory floor in China’s industrial towns to gasoline at the pump in Europe and America, prices that stayed low for years are finally going up.” The reflation narrative leaves most policymakers hopeful and a few giddy, but doubts linger about the durability of the recovery.
Tags: Doubts, Durability, Europe, Factories, Gasoline, Policymakers, Recovery, Reflation, U.S.
Financial Times (November 24)
“A careful, calibrated fiscal adjustment to return a government to sustainability is one thing. A brutish insistence on running surpluses well into the future is quite another.” The EU should avoid “choking off a nascent recovery in the Greek economy and setting back the cause of reducing its debt burden.”
Tags: Calibrated, Careful, Debt burden, EU, Fiscal, Government, Greek economy, Recovery, Surpluses
Reuters (October 18)
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.”
Tags: Economists, Economy, Global aspirations, Kremlin, Moscow, Recession, Recovery, Russia, Sanctions, Struggling, Ukraine
