An excellent analysis by the IMF staff highlighting the fact that weak producity growth in the post crisis period is a global phenomenon. Nations can learn from each other about the causes and remedies. http://www.imf.org/en/Publications/Staff-Discussion-Notes/Issues/2017/04/03/Gone-with-the-Headwinds-Global-Productivity-44758
Russia: Oil Production
http://www.reuters.com/article/us-russia-energy-production-idUSKBN1691XP Discipline in the non-OPEC producers like Russia is needed to stabilise ioil prices. Technological adances in the US shale oil sector seem likely to keep the oil price in the $45 to $65 range.
China: Currency Manipulator?
4 April 2017 When Chinese President Xi Jinping visits Florida, trade will be at the top of the agenda. The meeting occurs at a pivotal moment when President Trump’s “America first” agenda has put China in the unusual position of being the champion of liberal global trade. Indeed, America’s withdrawal from the Trans-Pacific Partnership provides … Continue reading China: Currency Manipulator?
Bank of England: Navigating the Brexit Swamp
23 March 2017 At long last, after a long campaign, referendum vote, and legal challenges, the Brexit negotiations can officially begin. Of the many important issues confronting the markets will be how the Bank of England navigates monetary policy through these uncertain times. This is especially true as the last CPI release saw inflation breaching … Continue reading Bank of England: Navigating the Brexit Swamp