Global Economics Correpondent
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Jun 23, 2013

Bondholders would lose more than $1 trillion if yields spike – BIS

LONDON, June 23 (Reuters) – Bondholders in the United States
alone would lose more than $1 trillion if yields leap, showing
how urgent it is for governments to put their finances in order,
the Bank for International Settlements said on Sunday.

The Basel-based BIS lambasted firms and households as well
as the public sector for not making good use of the time bought
by ultra-loose monetary policy, which it said had ended up
creating new financial strains and delaying rather than
encouraging necessary economic adjustments.

Jun 20, 2013

Half-way to lost decade, Europe’s growth task as tough as ever

LONDON (Reuters) – Half-way towards a lost decade for Europe’s economy, pessimism persists about the political will to halt a worrying slide in the region’s potential growth.

Without sweeping reforms to boost productivity, Europe’s output will remain sub-par, making it harder for governments to reduce debt burdens that are unsustainable financially and unemployment rates that are unsustainable socially.

Jun 19, 2013

Analysis: Half-way to lost decade, Europe’s growth task as tough as ever

LONDON (Reuters) – Half-way towards a lost decade for Europe’s economy, pessimism persists about the political will to halt a worrying slide in the region’s potential growth.

Without sweeping reforms to boost productivity, Europe’s output will remain sub-par, making it harder for governments to reduce debt burdens that are unsustainable financially and unemployment rates that are unsustainable socially.

Jun 16, 2013

Hoping for clarity not confusion from Bernanke

LONDON (Reuters) – Like a father who has told his son the tooth fairy does not exist, Ben Bernanke must find a way to soothe investors who feel betrayed since he told them it was also a fantasy to hope he might keep printing free money for ever more.

Financial markets, of course, knew deep down that the Federal Reserve would have to start withdrawing its extraordinary monetary stimulus once the U.S. economy was out of the emergency ward.

Apr 29, 2013

Global Economy: Still stuck on central-bank life support

LONDON (Reuters) – Five years after the onset of the global financial crisis, the world economy is in such a chronic condition that the European Central Bank might cut interest rates this week and the Federal Reserve is likely to indicate no let-up in the stimulus it is providing the U.S. economy.

With the euro zone economy in recession, momentum is building for the ECB to lower interest rates for the first time since July 2012, according to senior sources involved in the deliberations.

Apr 28, 2013

Still stuck on central-bank life support

LONDON (Reuters) – Five years after the onset of the global financial crisis, the world economy is in such a chronic condition that the European Central Bank might cut interest rates this week and the Federal Reserve is likely to indicate no let-up in the stimulus it is providing the U.S. economy.

With the euro zone economy in recession, momentum is building for the ECB to lower interest rates for the first time since July 2012, according to senior sources involved in the deliberations.

Apr 24, 2013

Insight: Ageing deepens debt-laden Europe’s economic woes

RIGA/LISBON (Reuters) – Long after the debt crisis is over, Europe will be grappling with an even more serious problem – how to pay for growing numbers of old people.

The population of some countries is stagnant or already shrinking, notably Germany’s. That will reduce savings and potential economic growth.

Apr 24, 2013

Ageing deepens debt-laden Europe’s economic woes

RIGA/LISBON, April 24 (Reuters) – Long after the debt crisis
is over, Europe will be grappling with an even more serious
problem – how to pay for growing numbers of old people.

The population of some countries is stagnant or already
shrinking, notably Germany’s. That will reduce savings and
potential economic growth.

Apr 21, 2013

No light at end of tunnel yet for euro zone

LONDON (Reuters) – An early peek this week at how the euro zone economy performed in April could cement the case for the next installment in an unprecedented campaign of monetary easing by the world’s major central banks.

A preliminary survey of purchasing executives from the 17-country bloc is likely to furnish the new evidence of economic weakness that Jens Weidmann, the president of Germany’s hard-line central bank, says is needed for the European Central Bank to cut interest rates.

Apr 21, 2013

Commodities slump sends slow ripples through world economy

LONDON, April 21 (Reuters) – Lower airfares, cheaper food
and rising profit margins are among the benefits that should
flow from tumbling oil and commodity prices – but only after a
long lead time.

Having poured $400 billion into commodities over the past
decade, many investors are now selling. Their confidence that
risky assets could only float higher on a rising tide of cheap
central bank money has crumbled as the global economy fails to
respond to the stimulus.

    • 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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