Blog posts tagged by tag: G7
Assessing shifts in the giant current account surpluses of Germany, China and Japan
Decades of conflicting perspectives over the causes and effects of global trade imbalances have been thrust back into the spotlight in recent months by Donald Trump’s brazen criticism of almost every country with a significant current account surplus with the U.S. His controversial accusation that big exporter countries are deliberately weakening their currencies to gain a competitive advantage taps into an issue that has perplexed and divided economists and policymakers ever since the mid-1990s. At that time, countries such as the U.S. were starting to build up large current account deficits, while others such as China, Germany and Japan were accumulating large surpluses.
Morning sickness hit global markets this morning, as the world begins to digest the political earthquake that took place yesterday. Declines were recorded in major stock indices and currencies fluctuated as Republican candidate Donald Trump astounded pollsters and won the U.S. presidential election, after a divisive and controversial campaign. The result surprised the vast majority of our analysts, over 80% of whom had expected a victory for Democratic candidate Hillary Clinton, and has heightened global uncertainty dramatically. Our analysts saw Clinton as having a better economic plan, a better grasp of economics and assembling a better economic team than Trump, which combined would help fuel faster growth in the U.S. As a result, the surprise election of Trump has cast a cloud over the outlook of the world’s largest economy. While Trump’s inconsistent and impractical campaign pledges make it difficult to decipher the impact his Presidency will have, major policy changes in the U.S. could have spillover affects felt across the globe.
Over the last few days, the world’s most powerful leaders have met in Hangzhou, China for the G20 summit. Economics has been at the center of discussions as the world economy has looked rather shaky over the last year.
Malaysia, the Philippines, Thailand and Vietnam all saw their 2021 growth forecasts trimmed by our panel this month… https://t.co/xVVEEw1y7I
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On 1 January, African countries opened their markets under the first phase of the African Continental Free Trade Ag… https://t.co/bMyUN6OAZM
3 days ago
In a poll earlier this week we asked which Latin American country would have the highest inflation in 2021. With ov… https://t.co/jG7sQgVfEM
6 days ago
The sol had been trending gradually lower since the beginning of the Covid-19 pandemic, hitting a then-record low o… https://t.co/yYm0yEmXav
6 days ago
In 2021, the regional economy should rebound from last year’s Covid-19-induced slump. However, still-tight containm… https://t.co/HbCUMEUIQV
1 week ago
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