Pablo Pardo | The US National Bureau of Economic Research (NBER) measures recessions and expansions. According to this organization, the US emerged from the last recession in June 2009. If it lasts until May next year, it will become the longest expansionary cycle, breaking the record for expansion between 1991 and 2001.
It’s a simple question: Will we be able to feed everyone if the population of the planet rises from about 7 billion people today to 9-10 billion in 2050? Several experts at Citi have tried to anwer this question, starting from mentioning Thomas Malthus’ Essay on the Principles of Population, and concluding that food industry in its current format is unsustainable for future demand.
In this new binary world where China is bad and the US is good, there is a great danger of over-looking the very real structural risks in the west at the moment. As told by Mark Tinker, AXA strategist in Asia, one of the current amusing party games might be to play ‘substitute the words US for China in different bearish economic projection’ and see if it worries you more or less.
Neil Dwane (Allianz) | The response of central banks to the financial crisis 10 years ago may have saved the world from a devastating depression, but it also created a host of unforeseen effects – from more indebtedness to more economic inequality. Looking back at what we got right – and what went wrong – what lessons can we take away for the future?
Intermoney | According to the global bank lobbying group IIF, global debt in 2Q18 fell by $ 1.5 trillion to $ 247 trillion thanks to the reduction between the financial sector and the governments of developed countries. Global debt fell to 317% of GDP, a figure that differs from the one provided by institutions such as the IMF due to the different treatment of information.
Alicia García Herrero | 2018 will be recalled as the year in which the US wake up to China’s economic power through a trade war. The question to ask ourselves now is how this may affect Europe. The first issue to realize is that European and US exports into China are very similar, which points to a potential substitution of American products in the Chinese market but also the other way around, namely substituting Chinese exports into the US by European ones.
In contrast to comparatively stable levels in the US, PIMCO strategists flag that European HY spreads have nearly doubled since October 2017 (see chart). As a result, and for the first time in over five years, high yield spreads are wider in Europe than in the U.S., despite their higher average credit rating
official debt is $21.7 trillionThe biggest challenges facing the U.S. are deep and seriously jeopardize Americans’ future prosperity. Namely, soaring national debt, Social Security’s solvency and the lack of affordable health care. The
A report from IRC and Citi examines efforts of more than 20 cities spanning four continents to build inclusive communities. For example, it highlights that many cities are already allocating resources to support displaced populations and bolster integration.