World economy




french yellow vest

Taxes, the unpopular conundrum

Fernando G. Urbaneja | In France, president Macron, making good arguments, although not explaining them enough, wanted to raise taxes on fuel and millions of citizens forced him to back down. In Ecuador, President Lenin Moreno has gone through such a trance for the same reason. In Chile, President Piñera is on the verge of eviction for the attempt to raise urban transport rates.



US flag

US growth more resilient than feared

David Kohl (Julius Baer) | US growth appears to be more resilient than feared. Trade-related uncertainty and weaker global industrial activity dampened business investment, but private consumption remained strong and the return of residential investment as a positive growth contributor improves the 2020 growth outlook.





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The Art of the Back-Pedal

John Feffer (Fair Observer) | From the US to the UK to Turkey, it is a hallmark of right-wing populists to make a preposterous policy and then be forced to retreat.