Forecast: Difficulties in emerging economies weigh on global growth
The shift in China’s model of growth and fall in the price of oil will weigh on the global economy. The Bank of Finland forecasts growth of around 3%.
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Why is Finland trailing its peers?
Before the current recession, Finland was closing the gap on Europe’s wealthiest small economies but is now falling ever further behind.
Euro area banking sector gathers strength
Increasing market uncertainty over the condition of banks in early 2016 was not due solely to concerns about global economic growth but also above all reflected concerns about banks’ non-performing loans and declining profitability amid low interest rates and subdued growth.
Why has world trade slowed?
In recent years, the growth of international trade has slowed to the level of the GDP growth rate. Is the most hectic phase of globalisation already history?
Rising indebtedness increases risks in China
In many countries, a rapid rise in debt has led to financial sector problems and a pronounced slowdown in economic growth. In China, too, sustainable management of the public finances would require a slowdown in the pace of debt accumulation.
Abenomics: three years – the big ship turns slowly
Japan’s economy has so far been growing sluggishly, but the deflationary trend has been successfully cut and structural reforms taken forward.
Russia’s economy and imports to contract further
The Bank of Finland forecasts a 3% contraction in Russian GDP in 2016. This is due to the export price shocks Russia has had to face.
Are Chinese GDP statistics reliable?
The cover and transparency of China’s GDP statistics need to be improved. According to the statistics, the deceleration in growth has been very evenly spread, which has increased suspicions over the reliability of the data.
India stands out
The BRICS countries, which have been supporting global growth, are now facing headwinds. Within the group, only the outlook for India's economy remains positive.
Significance of the car industry in EU countries
The emission scandal around the German car manufacturer Volkswagen immediately raised questions and concerns about the state and outlook for the EU’s automobile industry.
Editorial: Inflation outlook requires accommodative monetary policy
The ECB Governing Council decided in March 2016 on a package of measures to achieve the price stability objective. The monetary policy measures and forward guidance together provide a comprehensive package.
Global growth pains
The euro area economy has continued to recover. Despite the positive developments, inflation in 2015 was zero. The low inflation is primarily due to the low price of oil.