Hebah Fisher | In the 1970s, the population of the United Arab Emirates (UAE) stood at 230,000. It is now 9.3 million with an economy that grew 230-fold, ranking presently as the 28th wealthiest nation in the world.Read More
Yiannis Mouzakis via MacroPolis | Last July the conditionality of Greece’s third programme included savings of 1 percent of GDP from pensions. It did not require any major fortune telling skills to anticipate that this would soon lead the government of Alexis Tsipras into an extremely tense situation.
BARCLAYS | There is growing concern about the strength of the business cycle in Europe and globally. China continues to surprise to the downside, while markets are beginning to assign a meaningful probability of a US recession later this year. Markets are now wondering whether Europe’s growth outlook will remain unscathed
Two fundamental factors have affected bank lending. On the one hand, market doubts over the banks’ ability to generate margins against a backdrop of low and even negative interest rates. And on the other, the indirect impact of current energy and raw material prices on the lenders’ balance sheets.Read More
Markets around the world are turning bearish. An understandable move as investors are confronted with dismal global growth prospects. Emerging countries face a rather gloomy outlook and even the most developed regions do not escape this uninspiring scenario. Europe’s recovery lags behind, as usual, while US growth loses momentum.Read More