A moderately prosperous society
BEIJING | Besides the scientific approach to development, Chinese must be able to enjoy welfare to achieve a moderately prosperous society.
World economy
Emerging Europe: financial relief, macroeconomic weakness
By CaixaBank Research | Emerging Europe continues to present two very different faces: while it has been going through a relatively calm time since the summer in terms of the financial stress resulting from the euro area’s sovereign debt crisis, the trend in data for activity has yet to improve to any notable extent.
How Iceland’s banking crisis fueled its startup boom
In the fall of 2008, the collapse of the Icelandic banking system sent thousands of promising young Icelanders into unemployment. Today, Iceland’s Generation Y is turning to entrepreneurship to dig out from under the country’s financial crisis.
Manufacturing punches US economy in the face
In what felt like an unexpected slap, US factory production shrank in November, the Institute for Supply Management’s factory index falling to 49.5 (50 marks the dividing line between expansion and contraction) from 51.7 in October instead of the expected 51.4. It’s the biggest contraction since July 2009, a clear sign of fiscal cliff angst.
The German economy is losing steam, and it’s a good thing
Trade data from the eurozone shows Germany posting a deficit while Italy and Spain generate surpluses, J.P. Morgan Asset Management on Monday briefed investors. As relative labour costs continue to fall, one of the key imbalances that provoked the eurozone crisis will fade away.
Mexico’s economic growth more sustainable
By Carlos Díaz Guell | A sound Mexican GDP is important for the several thousands of Spanish companies with business activity in the country.
Is there a property bubble in China?
BARCELONA | CaixaBank | The exorbitant rise in house prices has not been uniform or widespread in China but has been concentrated in a few of the country’s large cities. Yet, it’s important not to lose sight of the risk entailed by a real estate boom.
Canada’s banking system: A poster boy?
Discretion advice: If you are an European businessman struggling to get credit, or a US home buyer looking for a reasonable interest rate mortgage, this may hurt your feelings: Canada’s banks are lending money.
The Neets, a generation in need
AMSTERDAM | Fleur de Weerd | Although Spain is always mentioned as the country with the greatest unemployment, the situation in Italy and Bulgaria is more worrying.
The euro area’s economic crisis takes its toll on the labour market
BARCELONA | CaixaBank | The adjustment in employment during the crisis has been more intense in those countries with a real estate bubble. Leading indicators point to further job losses.