RGE economist William Oman recently appeared on an Irish radio program to discuss the precautionary credit line that may be put in place when the country exits its bailout program in December 2013. The interview can be heard on RTE’s website.
NEW YORK—18 September 2013—Roubini Global Economics (RGE), an independent, global macroeconomics and strategy research firm, highlights its out-of-consensus call that the U.S. Federal Reserve would not “taper” the pace of quantitative easing at its September policy meeting, an assessment confirmed by the Federal Open Market Committee (FOMC) in a statement today. RGE first expressed this […]
In the latest example of what we have dubbed “the most over-hyped theme in emerging markets,” the Carnegie Endowment’s Yukon Huang defends China’s imbalanced growth model as a natural consequence of rapid urbanization in an FT Alphavile guest post. He writes, “urbanization largely explains both the decline in labor’s share of income and the increase […]
Rachel Ziemba, RGE’s Director for Emerging Markets, appeared on CNN to discuss the challenges facing emerging markets and the implications of the escalating crisis in Syria. View the interview below, or watch it on CNN’s site.
The end of Q4 brought forward interesting dynamics in the LatAm region: Namely, a sharp deceleration in inflation in every inflation-targeting economy, with the exception of Brazil (although we expected inflation to soothe by year-end in Mexico, Chile and Peru, the deceleration was much stronger than anticipated, and downward revisions to our inflation forecasts could […]
The following inexhaustive list is a companion to last week’s post on things to watch in MENA and our recently published outlooks. In general our regional outlook, like our global one, has become brighter on the margins but emphasizes the divergence in growth across the region and across emerging and frontier markets. We’ll be treating […]
The Economonitor’s QE3 week is perfect timing as we’ve been thinking a lot about the effects of the latest bouts of global monetary stimulus on the Middle East and North Africa – as summarized in part of our omnibus MENA quarterly presentation. We argue there that even though EMs and to a lesser extent frontier […]
All is relatively quiet in the eurozone these days – or at least that is what you might think, speaking to portfolio managers over the past few months. German chancellor Angela Merkel has visited Greece, Ireland has re-entered the bond markets and the ECB’s balance sheet is in play for Spain and Italy, so what […]
One of the most popular complaints of Barack Obama’s stewardship of the economy centers on the argument that bad government policies are responsible for the weak recovery we’ve had since the financial crisis. Many Romney supporters—including John Taylor, who is also one of Romney’s economic advisers—have pointed out that previous episodes of large contractions in […]
Portugal was the second country (after Greece) to ratify the fiscal compact treaty (together with the ESM). The fiscal compact will be implemented under the auspices of the European Court of Justice which will monitor the national rule’s compliance with the treaty. Some key elements of the fiscal treaty are effectively already in force since […]