World economy

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.

The problem with US employment rate

By CaixaBank analysts | The reduction in doubtful loans, easier financial conditions and creation of households will continue to support the recovery in housing. But persistently low participation in employment is a source of risk for 2013.

In US we trust

MADRID | Europe is unable to deliver growth on its own. By sticking to fiscal virtue, no matter the price as Ms Merkel has recently voiced, it lacks enough stamina to get out of the current recession.