EU28 exports to Brazil in 2012 amounted to 39.7 billion euro and imports to 37.4 bn. The EU28 registered a continuous deficit in trade in goods with Brazil up to 2011, with a peak in 2007, turning to a surplus of 2.3 bn in 2012. The first nine months of 2013 confirm the most recent … Continue reading EU maintained trade surplus with Brazil in 2013
An International Monetary Fund (IMF) mission visited Panama City during February 11-21 to conduct the country’s annual consultations. The delegation concluded that Panama's economic performance remains buoyant, outlook favorable, in spite of certain local and international risks. The IMF therefore thinks a tighter fiscal policy is recommended. Growth averaged about 8.5 percent over the past decade, … Continue reading Panama outlook favorable in spite of risks – IMF
By Ralph Benko Will America start prospering again — as it has not prospered for over a decade? Likely yes. But not without a fight. Now that Jim DeMint has raided Steve Moore from the Wall Street Journal that card might be Heritage Foundation vs. the White House. Could be big. John Holdren, now Obama’s … Continue reading Heritage Drafts Steve Moore, Supply Side Visionary, To Fight Team Obama
By George Friedman Last week, several events took place that were important to their respective regions and potentially to the world. Russian government officials suggested turning Ukraine into a federation, following weeks of renewed demonstrations in Kiev. The Venezuelan government was confronted with violent and deadly protests. Kazakhstan experienced a financial crisis that could have destabilized … Continue reading The American Public’s Indifference to Foreign Affairs
By Arnout Nuijt Positive news about Brazil’s economy is hard to find these days. In fact the bad news is piling up. A recent report by the Financial Times of London, quoting Brazil Central bank figures, suggests the country has entered technical recession more than 7 months ago by shrinking slightly for two consecutive quarters … Continue reading Has Brazil really entered recession? Then here is what to do
By Ralph Benko Rand Paul vs. Hillary Clinton? In a context of emerging peace, prosperity, and human rights? This would be big. Transformational, even.Peter Bein art, in the Atlantic Monthly (among many, many other political observers), has concluded that “Rand Paul is the 2016 Republican Frontrunner.” And two of the Washington Post’s top political observers, … Continue reading Rand Paul vs. Hillary Clinton: A Radically Transformational Presidential Election Fighting Over Peace and Prosperity?
The Ifo/FGV Economic Climate Index for Latin America (ECI) advanced, after having been stable in the last two surveys (July and October 2013). The 8% increase in the ECI (to 95 from 88 points) is explained by both the improvement in assessments of present conditions (PSI) and expectations (EI), but only the latter one went … Continue reading LatAm economic climate improves, Brazil’s worsens
More than 16 million people living in the Rio de Janeiro State will benefit from a new US$48 million loan approved today by the World Bank Board of Directors. The loan will finance a project designed to improve the delivery of public services. The Rio State Strengthening Public Management and Integrated Territorial Development Technical Assistance … Continue reading World Bank improving Rio Public Service Delivery
It has been a rough time for emerging market equities, but only China has the real power to upset the apple cart for investors this year, says Robeco’s chief economist. Rate hikes in countries such as India and Turkey to try to prop up their currencies and cut capital flows have sent stock prices plummeting. … Continue reading China is the real threat to emerging markets
By George Friedman The struggle for some of the most strategic territory in the world took an interesting twist this week. Last week we discussed what appeared to be a significant shift in German national strategy in which Berlin seemed to declare a new doctrine of increased assertiveness in the world -- a shift that followed intense German interest in … Continue reading New Dimensions of U.S. Foreign Policy Toward Russia
Extreme volatility during the global financial crisis complicated economic forecasting, leading to large errors that underline the need for better modelling methods and new approaches for making and presenting projections, according to an OECD report. OECD forecasts during and after the financial crisis: a post-mortem says that the Organisation’s economic projections under-predicted the depth of the collapse … Continue reading OECD admits to forecasting errors during 2008-09 crisis
By Ralph Benko Dr. Janet Yellen now has taken over the chair of the Fed. And President Obama, to great acclaim, recently nominated Prof. Stanley Fischer as Vice Chairman. Prof. Fischer may be the most distinguished and beloved central banker at work within the world financial system today. It is not often that central bankers … Continue reading Memo To Janet Yellen’s Vice Chair Nominee Stanley Fischer: That Was Then. This Is Now.
By Robert D. Kaplan Twenty years ago, in February 1994, I published a lengthy cover story in The Atlantic Monthly, "The Coming Anarchy: How Scarcity, Crime, Overpopulation, Tribalism, and Disease are Rapidly Destroying the Social Fabric of Our Planet." I argued that the combination of resource depletion (like water), demographic youth bulges and the proliferation … Continue reading Why so much anarchy?
Greater export competitiveness and deeper regional integration could help propel South Africa towards faster-growing exports, allowing it to achieve higher, more inclusive, job-intensive growth as laid out in the country’s National Development Plan (NDP) 2030, according to the World Bank's South Africa Economic Update. “Helping South Africa achieve its export potential is essential for rapid … Continue reading South Africa needs more export competitiveness and regional integration, World Bank reports
By Ralph Benko As recounted in the previous column, the record is clear that Saul Alinsky, about whom the young Hillary Rodham wrote her Wellesley honor’s thesis, was neither communist nor conventional Big Government liberal. Hillary Rodham turned down a job offer from Alinsky. She turned aside from the path of anti-establishment populist. Hillary Rodham took the … Continue reading The Secret Hillary Rodham Clinton, Part II
By George Friedman and Marc Lanthemann The Ukrainian crisis is important in itself, but the behavior it has elicited from Germany is perhaps more important. Berlin directly challenged Ukraine's elected president for refusing to tighten relations with the European Union and for mistreating Ukrainians who protested his decision. In challenging President Viktor Yanukovich, Berlin also … Continue reading A More Assertive German Foreign Policy
By Ralph BenkoForty-five years ago Hillary Rodham made a fateful decision. It has defined her life. Understanding that moment of decision is essential to understanding Hillary Clinton’s life — the successes and the failures and, perhaps, the future. It would explain the subtly discordant persona that causes the media — even many elite Hillary sympathizers — to … Continue reading The Secret Hillary Rodham Clinton, Part I