Is a Japan-Style “Lost Decade” Ahead for the US?
The laborious pace of the US recovery has inevitably fostered comparisons with Japan. But we find several reasons why a protracted slump like Japan’s is unlikely, as my colleague Gerry Paul argues below.
read moreEuro Area: Locked in a Cycle of Market Pressure and Policy Response
The European Central Bank (ECB) has raised the prospect of a more effective bond-purchase programme. Unfortunately, it may require additional market pressure for governments to unlock that support.
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Draghi’s Dilemma: How to Meet
Heightened Expectations
European Central Bank Governor Mario Draghi has raised expectations ahead of this week’s ECB Governing Council meeting.
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Déjà vu With a Difference
in China’s Investment Drive
Infrastructure investment in China is an important indicator of demand and a key signal of Beijing’s ability to revive the economy. This week, a flurry of news suggested that the rebound in infrastructure investment is gathering momentum.
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Is Germany an Example Other
Euro-Area Countries Can Follow?
Germany may have the strongest economy in the troubled euro area, but the euro has not been a massive “free lunch”, as some critics claim. Germany’s strength has come at the cost of many painful years of sacrifice.
read moreWhat’s Behind the Risk-On/Risk-Off US Economy?
The US economic recovery is progressing in fits and starts. Short-lived “risk-on” periods, when companies and consumers invest more, seem to constantly give way to “risk-off” periods, with anxiety and fear restraining economic activity.
read moreGreece Gains Some Breathing Space
Today, New Democracy (ND) leader Antonis Samaras will try to form a government. If he succeeds, an immediate disaster scenario will have been avoided. The question is: for how long?
read moreGreek Election Will Be a Watershed in the Euro Crisis
As Greek voters prepare to go to the polls on Sunday, we are approaching a pivotal stage in the sovereign-debt crisis—and, perhaps, in the post-war history of European economic and political integration.
read moreSpanish Bank Rescue Package Is a Step in the Right Direction
The €100bn rescue package agreed for Spanish banks over the weekend is credible and, to that extent, should be welcomed. But it is not enough, by itself, to stabilize markets on a sustained basis.
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