World economy

Japan is in recession

By CaixaBank researchers | The markets welcome the central bank’s expansionary policies but the latest indicators are still weak.




Waiting for the Sequester

WASHINGTON | The key aspect of the sequester will be noticed in some other form–34 percent of the States’ budget comes from the Federal Government. Now, those transfers are going to be cut because of the sequester.





Xi Jinping backs overseas investment

China faces social challenges, at last

BEIJING | In his last speech the outgoing Prime Minister, Wen Jiabao, acknowledged the social challenges China is dangerously facing. The new leadership will have to deal with local governments and State Owned Enterprises ready to defend their current status quo and likely to be sceptical about any form of reform.