World economy

China in Europe: Greece Joins the 17+1 network

Jens Bastian via Macropolis | For some Greece observers and various China analysts the decision by the Greek government to join the 17+1 network came as a surprise. They shouldn’t have been taken aback. What is rather astonishing is the muted response by Brussels, Berlin and Washington.

What else China can do to support growth in the short term?

Alicia García-Herrero (Natixis) | Out of the key reasons for the cyclical slowdown in 2018, namely the worsening sentiment due to the US-China trade war and the rapid shadow banking crackdown, the former can be considered as an external shock but the latter is self-inflicted.

The US: Monetary Socialism

Pablo Pardo (Washington) | If in any country the word “socialist” is an insult, it is in the US of 2019. “Socialism” has become the war cry of the Republican party against the opposition Democrats, who control the House of Representatives, in large part because the media star of this party in the Congress, Alexandria Ocasio-Cortez, describes herself as a “democratic socialist”.

US corporate debt could be underestimated

US Corporate Debt Could Be Underestimated

Despite the general deleveraging in the US, the corporate and non-corporate sector has begun to indebt itself again, currently to a level of 72.6% of GDP ($15 trillion). According to calculations of economists at the firm Solunion, the real level of non-financial corporate debt could exceed by 30%, or $3.9 Tr.

OCDE scenario ,particularly negative, has not been discounted by equities

OCDE Scenario Particularly Negative And, If Fulfilled, Has Not Been Discounted By Equities

The Organisation for Economic Cooperation and Development (OECD) has again downgraded global economic growth for 2019 to 3.3%. However, the most striking point was the strong downgrade of Eurozone GDP growth, which it now forecasts at only 1% when only a few months ago it was expecting 1.8%. Germany and Italy are the countries that emerge worse from this severe downgrade of growth.

The year in which even Buffett did badly

The Year In Which Even Buffett Did Badly

Manuel Moreno Capa | Making an attributable net profit of 3.542 billion euros is having a bad year? The answer is yes, although only of you are called Warren Buffet and these 3.542 billion euros earnt on 2018 represent a collapse of 91% over what you made in the previous year. Buffet cannot be very satisfied with these mediocre results of his investment flagship, Berkshire Hathaway.

Looking toward 2030: The Future of Aid

Looking Toward 2030: The Future Of Aid

A decade until 2030 looks like a long time, but not when the world is faced with crises on multiple fronts that require sustained action. IRIN, a website dedicated to covering humanitarian emergencies and aid, identifies 10 crises to watch in 2019, including “voluntary” returning of refugees, re-emergence of infectious diseases in countries experiencing humanitarian crises, anti-terror compliance imposed on NGOs, and continued militancy in Africa.