Global Economics Correpondent
Alan's Feed
Oct 13, 2013

Looking to China for signs of a better balance

LONDON, Oct 13 (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.

Oct 13, 2013

Analysis: Italy’s reform list reflects tough test for euro zone

LONDON (Reuters) – From its high labour taxes to its low literacy scores, Italy’s entrenched obstacles to growth point up the enduring failure of some euro zone economies to adapt to the demands of life with no currency flexibility.

Protected by the European Central Bank’s pledge to buy member states’ bonds in an emergency, Italy has escaped market punishment for the political gridlock that has hampered reforms.

Oct 6, 2013

Global Economy: Stakes start rising over Washington gridlock

LONDON (Reuters) – The world is watching Washington’s showdown over the federal budget and debt ceiling with the same feelings of horror, disbelief and ghoulish fascination that a slow-motion car crash produces.

The Republican-led House of Representatives is on a collision course with the Democratic White House. Both sides know the damage that would be inflicted on the country if the Treasury runs out of money later this month, risking an unprecedented debt default.

Oct 6, 2013

Stakes start rising over Washington gridlock

LONDON, Oct 6 (Reuters) – The world is watching Washington’s
showdown over the federal budget and debt ceiling with the same
feelings of horror, disbelief and ghoulish fascination that a
slow-motion car crash produces.

The Republican-led House of Representatives is on a
collision course with the Democratic White House. Both sides
know the damage that would be inflicted on the country if the
Treasury runs out of money later this month, risking an
unprecedented debt default.

Sep 30, 2013

Euro zone current account surplus puts Germany in dock

LONDON (Reuters) – A sharp rise in the euro zone’s current account surplus puts the focus firmly on what Germany’s new government can do to boost consumption and revive investment in Europe’s largest economy.

Stronger domestic demand in Germany would suck in more goods from countries on the southern rim of the euro zone and so help them to keep improving their own external payment positions by expanding exports rather than crushing spending.

Sep 29, 2013

Analysis: Euro zone current account surplus puts Germany in dock

LONDON (Reuters) – A sharp rise in the euro zone’s current account surplus puts the focus firmly on what Germany’s new government can do to boost consumption and revive investment in Europe’s largest economy.

Stronger domestic demand in Germany would suck in more goods from countries on the southern rim of the euro zone and so help them to keep improving their own external payment positions by expanding exports rather than crushing spending.

Sep 22, 2013

Grappling with the Fed and other uncertainties

LONDON, Sept 22 (Reuters) – A clutch of surveys this week is
likely to show the global economy slowly picking up even as new
and old uncertainties combine to test the optimism of businesses
and consumers alike.

Purchasing managers indexes (PMIs) for the euro zone, China
and the United States are all forecast to climb further away
from the boom-bust line of 50. Germany’s closely watched IFO
business sentiment index is also expected to show a gain.

Sep 19, 2013

Central banks on guard against new housing hot spots

LONDON (Reuters) – Five years after a financial crash that had its roots in a housing bubble, global policymakers are rapidly increasing the use of targeted lending curbs to head off destabilizing property market booms and busts.

Authorities have introduced a range of non-monetary measures in the past year to dampen house price inflation and credit growth so borrowers and lenders alike are shielded somewhat when interest rates rise from historically low levels.

Sep 15, 2013

Long wait for Fed tapering decision finally ends

LONDON (Reuters) – So great is the Federal Reserve’s worldwide impact that exactly how the U.S. central bank frames its widely expected decision to start buying fewer bonds will be critical for the path of the global economy.

U.S. bond yields have surged since Fed Chairman Ben Bernanke said in May that the policy-setting Federal Open Market Committee could start tapering its asset purchases from $85 billion a month at the ‘next few meetings.’

Sep 10, 2013

Analysis: German business confident as China shifts gears

BERLIN/LONDON (Reuters) – Confident or complacent, German business executives are bullish about their chances of profiting from China’s transition to an economy fired by consumption rather than investment.

As China deliberately dampens its long boom in capital spending, Germany will no longer be able to count on windfall gains from exports of the high-quality machinery for which it is renowned.

    • 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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