EconomyWeb | Global Economic Outlook
ECONOMY • Today
Coronavirus: Car sales in China fall 92% in February
February 21, 2020
Car dealerships remain closed and buyers stay away as the coronavirus outbreak takes its toll on sales.
Economic News
Japan Inflation Data On Tap For Friday
February 20, 2020
Japan is on Friday scheduled to release January figures for consumer prices, headlining a busy day for Asia-Pacific economic activity.
U.S. Leading Economic Index Climbs Much More Than Expected In January
February 20, 2020
Indicating the current economic expansion will continue through the first half of 2020, the Conference Board released a report on Thursday showing a much bigger than expected increase by its reading on leading U.S. economic indicators.
Philly Fed Index Unexpectedly Jumps To Three-Year High In February
February 20, 2020
Partly reflecting a jump in demand, the Federal Reserve Bank of Philadelphia released a report on Thursday unexpectedly showing another substantial acceleration in the pace of growth in Philadelphia-area manufacturing activity in the month of February.
U.S. Weekly Jobless Claims Show Modest Increase
February 20, 2020
A report released by the Labor Department on Thursday showed a modest increase in first-time claims for U.S. unemployment benefits in the week ended February 15th. The Labor Department said initial jobless claims crept up to 210,000, an increase of 4,000 from the previous week's revised level of 206,000
Philly Fed Index Unexpectedly Indicates Faster Growth In February
February 20, 2020
Partly reflecting a jump in demand, the Federal Reserve Bank of Philadelphia released a report on Thursday unexpectedly showing another substantial acceleration in the pace of growth in Philadelphia-area manufacturing activity in the month of February.
U.S. Weekly Jobless Claims Inch Up To 210,000
February 20, 2020
A report released by the Labor Department on Thursday showed a modest increase in first-time claims for U.S. unemployment benefits in the week ended February 15th.
Economic Highlights
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ECONOMY • Analysis
Coronavirus Hits Companies in China, But They Still Have Reason to Stay
February 21, 2020
Coronavirus and trade tensions are testing the stability of global supply chains. While that’s pushed some businesses to consider loosening their ties with China, WSJ explains why leaving the “factory of the world” is easier said than done. Photo: China Daily via Reuters

Economic Analysis

Is Denmark the new "American dream"?
February 21, 2020
If there was an undisputed winner in the Democratic presidential debate on February 19, it was…Denmark! Its star turn came first when presidential candidate Pete Buttigieg stated flat out that the “Number One place to live out the American dream right now is Denmark,” because of the upward mobility...
Economic Research
Economic Review
Economic Views
Cyber Week in Review: Feb 21, 2020
February 21, 2020
Multiple Countries Attribute Cyberattacks Against Georgia
What Would a U.S.-Kenya Trade Deal Mean?
February 21, 2020
President Donald J. Trump’s pursuit of a trade deal with Kenya marks a shift in U.S.
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ECONOMY • Outlook
France has seen a 30% to 40% fall in tourists following the coronavirus outbreak: Finance minister
February 23, 2020
Bruno Le Maire, France's finance minister, said the drop off in tourist numbers is an "important impact" on the country's economy.
Coronavirus live updates: South Korea alert level on max, Italy and Iran cases spike
February 23, 2020
Mainland China's total is now 76,936 cases, and 2,442 deaths. Cases in South Korea and Italy continued to spike.
Coronavirus fears are battering the $2.5 trillion trade show industry
February 21, 2020
The outbreak has caused the cancellation or postponement of more than 24 trade shows and conferences, including the Mobile World Congress, the world's largest trade show for the mobile phone industry.
Economic Perspectives
Inflation targets: revising the European Central Bank’s monetary framework
February 20, 2020
The ECB is looking to evaluate whether its definition of price stability is effective in helping anchor inflation expectations. We argue that the current definition does not make for a very good focal point. To become a focal point the ECB needs to do two things. Price stability should be defined as inflation at 2 percent,. Remove therefore the unnecessary ambiguity of "below but close to 2 percent". But that is not enough. Around that 2 percent, the ECB should say which levels of inflation it is prepared to tolerate. There need to be explicit bands defined around that 2 percent to provide a framework for economic agents to evaluate Central Bank performance. And as the ECB will have to operate under high levels fo uncertainty these bands need to be wider than tolerance of inflation between 1 and 3 percent, which is what many inflation targeting Central Banks have tolerated over the years.
Economic Climate
ifo Institute: Economic Experts Fear Tariff War Will Shrink World Trade
May 10, 2019
International economic experts fear that the tariff war between the US, China, and Europe will lead to a decline in world trade. This is the result of the World Economic Survey conducted by the ifo Institute among 1,130 economists worldwide. When asked to name the most significant consequence of the higher tariffs, the predominant answer was “less trade.”
Economic Outlook
Finding Solid Footing for the Global Economy
February 19, 2020
By Kristalina Georgieva عربي, Español, Français, 日本語, Português, Русский As the Group of Twenty industrialized and emerging market economies (G-20) finance ministers and central bank governors gather in Riyadh this week, they face an uncertain economic landscape. After disappointing growth in 2019, we began to see signs of [...]
World Economic Outlook Report
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ECONOMY • Opinions
Bloomberg is enabling Sanders to keep winning
February 23, 2020
The billionaire distracts the democratic socialist’s rivals and validates his arguments
Economic Comment
What’s at Stake in Libya?
February 21, 2020
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ECONOMY • Insights
Carnival in Brazil lifts the national mood
February 22, 2020
Brazilians stream happier music during the party season
China’s minorities have a tough time finding jobs
February 22, 2020
Discrimination towards Uighurs means they are three times less likely to be called back by employers
Student debt in America amounts to over $1.5trn
February 22, 2020
Mike Bloomberg is the latest politician to promise to tackle the problem
Are there too many central bankers?
February 22, 2020
Euro-area banks look especially flabby
So much for the techlash?
February 21, 2020
Apple, China and the coronavirus • Frankfurt’s feuding central banks • Duterte’s enduring popularity • Trudeau’s gas-pipe problem
Sources and acknowledgments
February 21, 2020
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ECONOMY • Forecast
Science v Religion
February 23, 2020
QUESTION: Dear Mr. Armstrong, I have been an avid reader of your blog for over four years after watching The Forecaster on Norwegian TV in the fall of 2015. First, I would like to commend you for your tireless work, your integrity and your courageous struggle for justice and freedom of speech. Your voice is […]
Economic Projections
Global Economic Projections for 2018-2028 | The Conference Board
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