Global Economics Correpondent
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Dec 27, 2012

Analysis: Puzzle of weak investment jeopardizes growth rebound

LONDON (Reuters) – Five years into the great financial crisis, private investment in rich countries is still dead in the water, underlining the depth of the downturn and offering fresh evidence of the global economic tilt to emerging markets.

By 2011, private investment as a share of 2007 GDP had fallen 3.4 percent in the United States, 3.8 percent in Japan and 2.9 percent in the 27 countries of the European Union, according to data compiled by McKinsey Global Institute (MGI), the consultancy firm’s research arm.

Dec 27, 2012

Puzzle of weak investment jeopardises growth rebound

LONDON, Dec 27 (Reuters) – Five years into the great
financial crisis, private investment in rich countries is still
dead in the water, underlining the depth of the downturn and
offering fresh evidence of the global economic tilt to emerging
markets.

By 2011, private investment as a share of 2007 GDP had
fallen 3.4 percent in the United States, 3.8 percent in Japan
and 2.9 percent in the 27 countries of the European Union,
according to data compiled by McKinsey Global Institute (MGI),
the consultancy firm’s research arm.

Dec 23, 2012

U.S. runs out of road as fiscal cliff looms

LONDON (Reuters) – The wheels could come off the U.S. economy even before it has shifted out of second gear unless politicians reach a last-minute deal to avoid $600 billion in tax rises and spending cuts that kick in next month.

The rest of the world would be unable to avoid the pile-up if America does fly off the so-called fiscal cliff.

Dec 21, 2012

Currency war drums beat louder in hunt for growth

LONDON (Reuters) – The ‘currency wars’ long deplored by Brazilian Finance Minister Guido Mantega have involved little more than shouting matches so far, but the risk of an outbreak of outright hostilities in 2013 is growing.

Thursday’s decision by the Bank of Japan to quicken the pace of money-printing for the third time in four months is merely the latest attempt by rich countries’ central banks to revive growth by resorting to unconventional policies.

Dec 17, 2012

Analysis: Low expectations abroad for Japan economic sea change

LONDON (Reuters) – The bold policies promised by Japan’s new government look ill-suited to reverse a relative decline that has turned a leading actor on the world economic stage into a bit-part player in less than a generation.

With Japan mired in its fourth recession since 2000, incoming Prime Minister Shinzo Abe campaigned on a platform of ‘unlimited’ monetary easing by the Bank of Japan (BOJ) as well as a splurge in public-works spending.

Dec 17, 2012

Low expectations abroad for Japan economic sea change

LONDON (Reuters) – The bold policies promised by Japan’s new government look ill-suited to reverse a relative decline that has turned a leading actor on the world economic stage into a bit-part player in less than a generation.

With Japan mired in its fourth recession since 2000, incoming Prime Minister Shinzo Abe campaigned on a platform of ‘unlimited’ monetary easing by the Bank of Japan (BOJ) as well as a splurge in public-works spending.

Dec 6, 2012

Book Talk: At base camp on the climb to conquer corruption

LONDON (Reuters) – Frank Vogl, who co-founded the anti-corruption group Transparency International (TI) in 1993, believes campaigners have reached base camp in their fight to end the abuse of public office for private gain.

TI has offices in more than 100 countries and its annual rankings of clean government are widely used by investment analysts to help gauge political risk.

Dec 6, 2012

BOOK TALK: At base camp on the climb to conquer corruption

LONDON, Dec 6 (Reuters) – Frank Vogl, who co-founded the
anti-corruption group Transparency International (TI) in 1993,
believes campaigners have reached base camp in their fight to
end the abuse of public office for private gain.

TI has offices in more than 100 countries and its annual
rankings of clean government are widely used by investment
analysts to help gauge political risk.

Nov 25, 2012

U.S. looks best of 2013 economic runners

LONDON, Nov 25 (Reuters) – Here’s a fairly safe bet for
uncertain times: the U.S. economy will once again show the euro
zone and Japan a clean pair of heels next year.

Forecasts for 2013 that are now landing thick and fast show
Federal Reserve Chairman Ben Bernanke is not alone in believing
it could be a very good year for America if politicians can
avoid tumbling off the so-called fiscal cliff.

Nov 23, 2012

Greek economy pays high price for its high prices

ATHENS (Reuters) – Signs across Athens advertise property for rent or sale. One in three shops has closed. At those still open for business, turnover has slumped.

So it is one of the mysteries of Greece’s economic depression that prices of some things – milk and the new iPhone, for example – are among the highest in Europe.

    • 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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