The downward trend continues in the EU
Economic weakness will remain in the second half of the year, CaixaBank analysts say. Consumer confidence fell again in the third quarter of the year. The IMF also lowered its growth forecasts.
In the World
Wake up, lazy François! You are in time, says Barclays
France has been advised by international institutions like the IMF and euro partners like Germany to do its homework before it’s too late. The answer that has come from the Elysée Palace, unfortunately, isn’t auspicious.
In Gold we trust
The biggest economy is playing with fire should Washington lawmakers fail to agree on a reasonable plan to redress its burgeoning deficit.
Hispandering: Latino seduction didn’t work for Mitt Romney
In a changing demographics America, Hispandering–trying to reach out Latinos by showing up with Hispanic stars in the campaign, dropping a few words in Spanish in the middle of the speeches–has become a must. The Republicans did not get it.
CAF to supply trains to Brazil’s Porto Alegre, Belo Horizonte
Two new contract awards to CAF in Brazil. The aggregate of both contracts amounts to a turnover in excess of €80 million.
Russia, South Korea record highest increase in euro zone imports
EU exports to most of its major partners grew in January-August 2012 compared with January-August 2011, except for India (-5%). The most notable increases were recorded for exports to Russia and South Korea, both +18%.
Winds of change for Mexico’s twin-engine second-bigger LatAm economy
BARCELONA | CaixaBank analysts believe reforms are particularly important for the second economy in Latin America given the need to provide a definitive boost to its growth potential, one of the lowest in the region.
Austerity and poverty in Greece: more that meets the eye
Don’t just blame austerity, says policy adviser Manos: Greece’s welfare state has for years been the worst in the OECD at tackling poverty. And it isn’t alone. Estonia, Malta and the Czech Republic have similar levels of food poverty as Greece’s among households with dependent children.
Worst omens for the EU economy, yet no action at bay
Lack of economic stamina, investment and job creation is meant to push weaker euro country members towards further reform and budget correction. Those in the euro core mind little that recession woes are becoming a real prospect.
Autumn of changes in China
China has started its leadership transition. The successors Xi Jinping and Li Keqiang face the great challenges posed by the economic model they’ve inherited. Amid a severe economic slowdown, fresh figures released in October suggest that Chinese economy is nevertheless stabilizing.