Is Europe in secular decline? If so, can it be halted? Since as recently as 1990, the region's share of global GDP has declined from 24% to 14%. Even compared to other advanced economies, Europe has lost ground. Indeed, since 2005 European GDP growth has trailed the USA by 0.7% annually (the gap is less [...]
Tag: recession
Emerging Markets: Has the Time Come?
28 January 2024 At last year's BRICS Summit in South Africa, national leaders were all smiles; ushering in what they believe will be a more influential era for the Global South. Emerging market investors, on the other hand, have had little to celebrate, as EM markets have dramatically underperformed during the past 15 years -- [...]