Israel, one of the 35 members of the OECD, is leading the pack in terms of economic growth, according to a recent OECD survey. And not only currently but consistently over the course of recent years. What are the reasons for the Middle Eastern country’s outstanding economic performance, and what are the factors that may hinder it
In 2017 Russia enjoyed a refreshing return to economic growth and general optimism—until November, when a GDP contraction took analysts by surprise. The question is, was the setback a minor bump in the road on the nation’s path to sustained recovery, or was it a signal that Russia has fallen back into recession after a good but temporary run?
China’s shadow-banking participants, often shady non-bank credit intermediaries, are slowly coming to heel as the government ramps up its efforts to curb leverage in the sector. Once accounting for 87 percent of GDP, the growth of shadow banking’s assets were outstripped by the country’s overall GDP growth during 2017, indicating that China’s financial dragon may finally have been subdued by regulators.
Last year was one that saw Germany’s economic performance consistently exceed expectations. The start of 2017 saw the majority of economists predicting around 1.4 percent growth in gross domestic product (GDP) for the year.
When considering the world’s fastest-growing economies, the usual suspects of China and India invariably crop up in most discussions. Of course, this is to be expected given that, despite its recent slowdown, China’s GDP (gross domestic product) still grew by 6.7 percent in 2016
At the G20 summit on July 7, US President Donald Trump sat immediately next to his Mexican counterpart, Enrique Peña Nieto. After they each spoke about the progress being made in trade issues between the two countries, reporters volleyed a flurry of questions at the US president
Malaysia—beset by scandal, political turmoil, dropping oil prices and falling currency—hasn’t appeared to be the land of opportunity to investors in recent years. But 2017 has brought hope of a turnaround to this Southeast Asian emerging-market economy, with factors such as improved trade performance, infrastructure development and a stabilizing currency resulting in renewed investor confidence on the nation’s markets.
China is investing heavily in financial technology while the rest of the world is lagging behind, propelling the country to the forefront as the global leader in the fintech revolution. A favorable regulatory environment and a welcoming, underbanked domestic population are a few of the factors contributing to this eastward fintech migration.
Much has been made of Europe’s struggling banking sector since the turn of the decade. In October, for instance, the International Monetary Fund (IMF) reported that across the world, banks that were in charge of approximately $12 trillion of assets will continue to remain vulnerable, even if a global economic recovery takes hold.
Since the global financial crisis, central banks have resorted to monetary policy to pull their economies out of the abyss. But the time may have arrived for fiscal policy to share centre stage as the limitations of monetary policy become more apparent, and national decision-makers turn away from further fiscal-austerity measures toward stimulus.