Global Economics Correpondent
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Jan 22, 2013

Analysis: No respite for euro zone in long rebalancing slog

LONDON (Reuters) – The euro zone crisis is entering a new, treacherous phase for governments, which can only cross their fingers that slow-burn reforms will pay off before voters get fed up with austerity and high unemployment.

On the face of it, 2013 should be a much less traumatic year than 2012 for the 17-nation single-currency area.

Jan 20, 2013

Euro zone surveys to offer hope as Japan eases

LONDON, Jan 20 (Reuters) – The prospect of stronger European
manufacturing surveys and decisive monetary easing in Japan this
week ought to bolster confidence that the global economy can
look forward to better days.

It is definitely not yet time to break open the champagne.

The index derived from polls of purchasing managers across
the euro zone, though recovering, is likely to remain well below
the 50 threshold that signals expansion.

Jan 16, 2013

China trade surplus with U.S. may be a quarter smaller

PARIS, Jan 16 (Reuters) – China’s trade surplus with the
United States shrinks by a quarter when calculated according to
which countries provide the parts and services that go into its
exports and imports.

The new estimate is one of the key findings of an ambitious
project by the OECD think-tank and the World Trade Organisation
(WTO) to present a truer picture of underlying trade flows in an
age of global supply chains when intermediate inputs can cross
borders several times during the manufacturing process.

Jan 16, 2013

OECD/WTO trade study slims China’s surplus with U.S

PARIS (Reuters) – China’s trade surplus with the United States shrinks by a quarter when calculated according to which countries provide the parts and services that go into its exports and imports.

The new estimate is one of the key findings of an ambitious project by the OECD and the WTO to present a truer picture of underlying trade flows in an age of global supply chains when intermediate inputs can cross borders several times during the manufacturing process.

Jan 13, 2013

Getting comfortable with living on the edge

LONDON, Jan 13 (Reuters) – Just as you learn to put up with
a nagging toothache, this week is expected to provide fresh
evidence that the U.S. economy is getting used to life on the
edge of the fiscal cliff.

Of course, putting off that trip to the dentist is not
necessarily wise. The longer Washington delays, the more painful
it will become to narrow its gaping budget deficit.

Jan 10, 2013

Book Talk: Biggest migration in history tests China

LONDON, Jan 10 (Reuters) – Counting on China to keep driving
global economic growth boils down in large part to a bet that
the ruling Communist party gets urbanisation right.

If it does, some 1 billion Chinese will live in cities by
2030, up from around 700 million today.

Jan 7, 2013

Doom scenario far-fetched but euro gloom to deepen

LONDON (Reuters) – It would be fair to say that U.S. hedge-fund manager Kyle Bass does not expect the explosion in global debt in recent years to turn out well.

“This ends through war,” Bass, the founder of Hayman Capital Management in Dallas, said. “I don’t know who’s going to fight who, but I’m fairly certain that in the next few years you will see wars erupt, and not just small ones,” he told a recent conference.

Jan 7, 2013

Analysis: Doom scenario far-fetched but euro gloom to deepen

LONDON (Reuters) – It would be fair to say that U.S. hedge-fund manager Kyle Bass does not expect the explosion in global debt in recent years to turn out well.

“This ends through war,” Bass, the founder of Hayman Capital Management in Dallas, said. “I don’t know who’s going to fight who, but I’m fairly certain that in the next few years you will see wars erupt, and not just small ones,” he told a recent conference.

Dec 30, 2012

Global economy: New year, old demons

LONDON (Reuters) – Out with the old, in with the new has a fine New Year’s ring to it. Unfortunately, the saying does not apply to the global economy: the uncertainty over U.S. fiscal policy that dominated the last weeks of 2012 is far from going away.

That uncertainty, which is causing businesses to draw in their horns, is likely to be reflected in two important December indicators this week – the Institute for Supply Management’s manufacturing survey on Wednesday and the jobs report on Friday.

Dec 30, 2012

New year, old demons

LONDON, Dec 30 (Reuters) – Out with the old, in with the new
has a fine New Year’s ring to it. Unfortunately, the saying does
not apply to the global economy: the uncertainty over U.S.
fiscal policy that dominated the last weeks of 2012 is far from
going away.

That uncertainty, which is causing businesses to draw in
their horns, is likely to be reflected in two important December
indicators this week – the Institute for Supply Management’s
manufacturing survey on Wednesday and the jobs report on Friday.

    • 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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