The euro zone tames government deficit but debt rises
Euro area and European Union government deficit has reached 4.1% and 4.4% of GDP, respectively. Government debt is at 87.3% and 82.5%, according to Eurostat.
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Germany’s GDP set to fall in the second half of the year
City of Madrid analysts have checked figures of the German ZEW index and its evolutions regarding actual GDP changes. They expect the engine of this core euro zone economy to go into negative territory during the coming months.
U.S. elections debates: Biden levels playfield for Obama
Vice president Joe Biden’s performance was too aggressive, according to most analysts, but fared better among voters that a mild-mannered president Barack Obama. The second US election debate put pressure back on the Republicans’ team.
Brazil: it’s not for the want of stimuli
Brazil will invest 53.5 billion euros in infrastructures. The effectiveness of these measures, though, depends on their correct and swift implementation, note CaixaBank analysts.
German growth model will turn country into “Europe’s sick man” again, Barclays warns
Barclays analyst A. Vigil alerts of the many weaknesses of Germany’s economy behind its current standing as ‘Europe’s savior’.
China: improvement is expected for the second half of the year
Trade records disappointed, with exports growing just 1%. But expansionary policies continue to boost growth, note analysts at CaixaBank.
Brussels uncertainty is killing the chance of a Spanish recovery
BARCELONA | While macroeconomic estimates are revised downwards in Madrid and elsewhere, CaixaBank analysts point the blame finger at the seeming inability of euro zone big deciders to come to terms with the urgent fiscal and banking union.
Liquidity demand and the inflation horror
The Federal Reserve is hoarding Treasuries, interest rates in the US have plummeted and the inflation menace overhangs like a large knife above the American economy. Not at all, points out economist Luis Arroyo.
Economic hazards of a moral French Budget
Why would president Hollande place such tax burden on the rich and corporate? He said France’s 2013 Budget was meant to demonstrate the euro zone that austerity and fairness can walk together the way out of the crisis. It looks as he’d rather protect a bloated state, though.
Pants on fire: a Spanish inflation graph
Revealed: the VAT rise in Spain fell mostly on customers’ shoulders. Afi analysts and national statistics show inflation in September has jumped by 0.8 percentage points.