The market mood has failed to rally despite growth in major economic regions, while uncertainty in the eurozone rages on. Without external help, the crisis in Greece could threaten stability in the entire region
Measures to curb overheating in their economies reinforce India and China’s position, while European and US markets’ ability to adapt to the new world order led by the BRICs could diminish significantly
We examine sovereign debt risk and consider the factors that have brought other European countries to their knees of late
Most don’t think Dubai World’s shock debt moratorium threatens another wave of global contagion. But heavily indebted governments could throw a spanner in the works of recovery.
Tardy policy response to the growing crisis contributed to global recession. Now, with the UK lagging behind in recovery the pressure is on to turn cash injections into growth support
Improved economic indicators and growing optimism are raising hopes of recovery. But weeding out the positives from the negatives shows the economy will need a lot more nurturing before these green shoots of optimism take roots. Download a full pdf of this feature by clicking here
After some exuberance since early March, financial markets have retreated modestly. While the pace of decline is moderating, most leading economies are still contracting and unemployment is rising. Download our financial markets charts by clicking here
Financial markets indicate the worst may be over, but optimism isn’t justified yet. Renewed disappointment remains a real possibility with Britain and Europe looking less committed to quantitative easing than the US Download the full pdf of Financial Director’s market charts
With real economic activity sinking relentlessly and the mood of despair deepening, misguided hopes that April’s G20 summit in London will be the turning point can only serve to worsen despondency
Poor reception to President Obama’s fiscal package and steps to revive the banking system will heighten global risks, while embarrassing withdrawals of senior appointments raise questions over his judgement.
I-spy something beginning with… It’s going to be a long, arduous road to recovery.
Aggressive interest rate cuts and government bailouts will stimulate the economy, but creditworthiness remains an issue. And talk of quantitative easing is further evidence that policymakers are quickly running out of options.
Keynesianism is popular once again as governments desperately search for a way to arrest the recession. The calls for an old-style fiscal policy boost to the economy may prove irresistable but ultimately dangerous
After repeated failures, G7 governments have repulsed threats to their banking sectors, but the bailout costs are immense. Inflation concerns have been relegated for the time being, but will return with a vengeance
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