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%.
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.
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.
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.
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.
BEIJING | New Chinese leadership will have to to engineer a new decade of reforms without endangering the livelihood of the Communist Party. Economic slowdown urges a new economic model that fosters domestic consumption and innovation with the goal to ensure sustainable growth.
New York correspondent Ana Fuentes explains just-reelected President Barack Obama his duties, at home and abroad. The (T) party is finished, it’s time to work.
From presseurop.eu | Debt-burdened Europe has stretched its diplomatic links to China authorities a never before. Whether the EU wants to tap its rich-in-cash economy or improve trade relations, Beijing seems to hold the strongest cards.
One week after Sandy, estimated costs have climbed to as much as $50 billion. Some New Yorkers start movement Occupy Sandy to help those in distress.
Brazil’s economy grew by 0.5% in the second quarter. According to market expectations, an upswing in activity as from the third quarter should come in but there will also be more pressure on prices, CaixaBank research notes.