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Friday’s German chart: industrial production falls again

how to get your ex girlfriend back in a month LONDON | In came this week the numbers of German industrial production, and those who stir up the threat of an approaching euro area-wide recession saw its arguments confirmed: from March to April, Germany registered a 2.2 percent decline, a whole 1.2 percent under market expectations. The figure, 2.2 percent from 2.8 percent in March, placed that month's industrial production…

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Emerging economies heat up global tourism activity

How To Get Your Ex Girlfriend Back In the last six years citizens’ expenditure from emerging and fast growing economies in international tourism services has more than doubled, whereas in the G7’s it has barely grown. The gap in the aggregate expenditure is closing very fast, according to BBVA recent research. While in 2005 the total of the emerging block was only a quarter of the G7’s, in 2011 it was more…


Japan on the horizon

By Luis Arroyo, in Madrid | Peeking into Japanese modern economic history is a must for most Europeans, since we are plunging into the same mud waters that country has gone through for twenty years. Japan seems to have succeeded in leaving the 1990 crisis behind, a crunch not altogether different from our predicament. On the positive side, there is the fact that now we know it could have returned…

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Tuesday’s euro chart: quasi-improving consumer sentiment

The euro zone index of consumer sentiment in May confirmed a relative improvement this month, drawing a less negative private consumption this quarter. This would indicate a rate of contraction in both the first and the second quarter of about -0.5% (-0.7% in the fourth quarter). Retail sales data, to be published today, are expected to slowdown its worsening. They would also point to a contraction rate of about -0.5%….


Little dynamism in the French economy

By CaixaBank research team, in Barcelona | In spite of an improvement in the economic climate in February and March, available indicators point to stagnation in the first quarter of 2012, representing a slowdown compared with the 0.2% quarter-on-quarter expansion in GDP posted in the last quarter of 2011. We have kept to our forecast of very modest growth for the whole of 2012 due to the situation of some…


U.S. graduates: victims of the next bubble?

NEW YORK | At 27 years old, Andrew Legrand doesn’t own a house nor a luxurious car. And yet he has over $100,000 in student debt. He graduated from law school in Florida last June but he still hasn’t started to pay off his bills. As he explains to The Corner, he feels anxious that the clock is running. “I didn’t have any debt prior to school. Now I owe $100k…

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Monday’s UK chart: poor manufacturing index, but the euro isn’t an excuse

LONDON | Those who were in need of arguments to claim the British-mainly nature of the economic troubles of the island are in awkward luck. The manufacturing industry saw a sharp decline in activity in May, according to the latest purchase manufacturing index release. The headline index fell back to 45.9 from the 49.7 consensus figure and from 50.2 in April, the second-largest drop in the 20-year history of the…


Sabadell bank’s Jaume Guardiola: “This is the first euro crisis, we’re learning”

MADRID | In a interview published by El País this weekend, Jaume Guardiola, Banco Sabadell’s CEO (which is the fifth Spanish bank in terms of assets) said he was very optimistic about the country’s financial system and its economy as a whole. Despite the crisis that besieges Spain’s banking sector, he noted the industry will become smaller and more professional. He also thinks that the Spanish economy is showing “unequivocal”…


Engine failure in China

BEIJING | There’s a huge debate on what’s more appropriate for China: stimulus plans, sound investment or consumption incentives, to avoid the feared hard landing of its economy now that the Chinese model of development seems to be exhausted. The recipe was first applied in coastal areas. Due to its success it was later reapplied in the West to encourage a massive urbanization across the country. Unfortunately, the economic crises…