Global Economics Correpondent
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Nov 29, 2013

Insight: No quick exit from West’s economic malaise

LONDON (Reuters) – Ending the Great Stagnation that is taxing Western policy makers may depend as much on the Chinese Communist Party as it does on the world’s leading central banks.

Six years after the global financial crisis erupted, there is any number of explanations why Europe cannot shake off a Japan-style balance-sheet recession and why the United States is experiencing sub-par growth and high unemployment.

Nov 29, 2013

No quick exit from West’s economic malaise

LONDON, Nov 29 (Reuters) – Ending the Great Stagnation that
is taxing Western policy makers may depend as much on the
Chinese Communist Party as it does on the world’s leading
central banks.

Six years after the global financial crisis erupted, there
is any number of explanations why Europe cannot shake off a
Japan-style balance-sheet recession and why the United States is
experiencing sub-par growth and high unemployment.

Nov 24, 2013

Hoping, as usual, that next year will be better

LONDON (Reuters) – Like winemakers consoling themselves after a poor vintage, economists are putting a disappointing 12 months behind them and hoping that 2014 will be a better year for global growth.

A lively debate over whether developed economies face a ‘permanent slump’ has sprung up since former U.S. Treasury Secretary Larry Summers argued recently that deeply negative inflation-adjusted interest rates may be needed in a world facing ‘secular stagnation’.

Nov 3, 2013

ECB may soon join the flight of the doves

LONDON (Reuters) – Even as the euro zone economy shows faint signs of stirring, the European Central Bank is likely to send a dovish message this week that more monetary help will be on the way before long.

After a plunge in inflation to 0.7 percent in the year to October, well below the ECB’s target of just under 2 percent, UBS and RBS are among those who reckon a rate cut could come as soon as Thursday’s policy-setting meeting.

Nov 1, 2013

Insight: Property hot spots renew easy-money bubble fears

LONDON/LOS ANGELES (Reuters) – From China to Canada and London, fast-rising property markets are haunting the global economy again, five years after the U.S. subprime mortgage bubble burst and triggered the worst financial crisis since the 1930s.

For now, house price inflation is neither as high nor as widespread as it was in the middle of last decade. Except in a few cases, the warning signals are flashing amber, not red, and several countries have acted to cool overheating markets.

Nov 1, 2013

Property hot spots renew easy-money bubble fears

LONDON/LOS ANGELES, Nov 1 (Reuters) – From China to Canada
and London, fast-rising property markets are haunting the global
economy again, five years after the U.S. subprime mortgage
bubble burst and triggered the worst financial crisis since the
1930s.

For now, house price inflation is neither as high nor as
widespread as it was in the middle of last decade. Except in a
few cases, the warning signals are flashing amber, not red, and
several countries have acted to cool overheating markets.

Oct 27, 2013

Global Economy: No Halloween horrors in store from the Fed

LONDON (Reuters) – Back in May and June, Federal Reserve Chairman Ben Bernanke played a trick on markets by sketching out a timetable for reducing the central bank’s $85 billion-a-month bond buying. Investors recoiled in horror and bond yields surged.

This week, though, they are in for a treat.

The Fed’s policy-making committee ends a two-day meeting on Wednesday and the chances are vanishingly small that it will start to dial down the monetary stimulus right away.

Oct 27, 2013

No Halloween horrors in store from the Fed

LONDON, Oct 27 (Reuters) – Back in May and June, Federal
Reserve Chairman Ben Bernanke played a trick on markets by
sketching out a timetable for reducing the central bank’s $85
billion-a-month bond buying. Investors recoiled in horror and
bond yields surged.

This week, though, they are in for a treat.

The Fed’s policy-making committee ends a two-day meeting on
Wednesday and the chances are vanishingly small that it will
start to dial down the monetary stimulus right away.

Oct 20, 2013

Despite debt drama, U.S. still outshining Europe

LONDON (Reuters) – If Wall Street’s record high is a signpost, the U.S. economy has every chance of pulling further ahead of a stuttering Europe despite new battles to come in Washington over the government’s budget and debt ceiling.

Far from sapping animal spirits, the last-gasp pact to avert an unprecedented U.S. default has raised hopes that politicians will learn from the public’s hostile reaction to the standoff. The S&P 500 closed on Friday at an all-time peak of 1,744.50.

Oct 13, 2013

Global economy: Looking to China for signs of a better balance

LONDON (Reuters) – China’s monthly data spray is likely to show a pick-up in the world’s second-largest economy but precious little evidence of a shift in growth towards consumption from credit-fueled investment.

Rebalancing in China is one of three major preconditions of sustainable global growth in the longer term. The others are a plan to rein in and finance U.S. entitlement spending and, in the euro zone, the construction of a solid institutional foundation for the single currency, including a banking union.

    • About Alan

      "I'm the Global Economics Correspondent for Reuters News based in London. I've reported from more than 40 countries over 30 years and have had postings in Frankfurt, New York, Washington, Paris, London, Tokyo, Singapore and Beijing. From the Plaza Accord to the creation of the euro and the rise of China, I'm lucky to have covered many of the big economic stories of recent years."
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