This year may well see a rare occurrence for world commodity markets – a decline in all nine key commodity price indices, says the World Bank’s latest Commodity Markets Outlook, released today. While oil prices have seen the most dramatic decline, the third largest since World War II, other commodities have also been gradually weakening … Continue reading
By Plamen Iossifov and Jiri Podpiera Inflation has been falling sharply across Europe since 2012 (see Charts 1 and 2). Across Central and Eastern Europe (CEE), inflation expectations have also drifted down especially among countries who peg their currencies to the euro (Bulgaria, Croatia and Lithuania, which adopted the euro on January 1, 2015), but also … Continue reading
By Tim Gosling in Prague BNE Chevron announced on January 31 that it is to quit its hunt for Polish shale gas. The last but one energy major to traipse out of the country, the US giant looks to have put the final nail in the coffin of Warsaw’s dreams of leveraging its shale reserves to … Continue reading
By Michael Snyder Did you know that the rate of homeownership in the United States has fallen to a 20 year low? Did you know that it has been falling consistently for an entire decade? For the past couple of years, the economic optimists have been telling us that the economy has been getting better. … Continue reading
By Nikkei Asian Review This year’s economic growth targets for local governments in China are being cut as nearly all failed to reach their 2014 goals in the face of a sharp slowdown. Local governments are reviewing their targets in line with President Xi Jinping’s emphasis on sustainable growth, but the move is expected to … Continue reading
By Yagmur Ersan The first ministerial meeting of the Forum of China and the Community of Latin American and Caribbean States (CELAC) was held from January 8-9, 2015 in Beijing. Three presidents, President Luis Guillermo Solís of Costa Rica, President Rafael Correa of Ecuador and President Nicolás Maduro of Venezuela, as well as Prime Minister Perry … Continue reading
By Lien Hoang Foreign investors are optimistic about Vietnam’s economy, along with others in Asia, but have asked the government to complete its promised overhaul of banks and state firms. Investment is pouring into the country as everything from inflation to currency stabilizes, while strong trade is set for an even better outlook. January 1 … Continue reading