By Leng Cheng, Gabriel Crossley, Wu Hongyuran and Peng Qinqin via Caixin | Yi Gang, deputy governor of the People’s Bank of China (PBOC), has been named the new head of the central bank, succeeding Zhou Xiaochuan, who has retired after more than 15 years in the post — the longest in the PBOC’s history.
Growth has made a comeback but each country already wants to take its own path. As explained by Philippe Waechter, Chief Economist of Ostrum AM, “unity is no longer on the cards and the world economy is fast going down a very different road”.
With wages rising at well under 3%, any productivity improvements greater than 1% will mean wages are not helping the Federal Reserve hit its putative 2% inflation target.
Ivan Farias Pelcastre and Hera Jabeen | Since the start of diplomatic relations in 1944, and until very recently, economic and political links between Canada and Mexico were limited. Now to effectively progress with the NAFTA renegotiations, Canada or Mexico can recalibrate their trade and make concessions to the US process.
The relationship between geopolitics and economic variables is a recurrent theme in the media. And not just in the media: economists are increasingly more aware of the importance of analysing geopolitical risks to complete an accurate exercise on the economic outlook.
Women have rallied around the world for gender equality and against violence on International Women’s Day celebrated in current week. Citi analysts Tina M Fordham and the independent political commentator Peter Kellner have wondered if this movement will last and can mean a sufficient momentum to bring about a “tipping point”.
Zhang Yu and Lin Jinbing via Caixin | China’s first “Belt and Road” asset-backed security (ABS) has won approval from the Shanghai Stock Exchange in a sign of support for China’s ambitious international investment and trade initiative.
US president Donald Trump is continuing along the path towards protectionism, positioning himself to take advantage of more beneficial trade conditions for the leading global economy.
By issuing digital money, the central banks could provide an answer for the substitution of jobs by robotization, or solve the problem of excessive public debt, easing the increasing pressure on finances from burdens like pensions.
If and when interest rates keep edging up, the ongoing boom can be expected to come to a shrieking halt, running the severe risk of turning into a bust. From the investor’s viewpoint, gold can be considered a sound currency, as the “ultimate means of payment”.