Wednesday, October 5, 2016

The IMF Is Worried About the World's $152 Trillion Debt Pile

Eight years after the financial crisis, the world is suffering from a debt hangover of unprecedented proportions.
Gross debt in the non-financial sector has more than doubled in nominal terms since the turn of the century, reaching $152 trillion last year, and it’s still rising, the International Monetary Fund said. The figure includes debt held by governments, non-financial firms and households.
Current debt levels now sit at a record 225 percent of world gross domestic product, the IMF said Wednesday in its semi-annual Fiscal Monitor, noting that about two-thirds of the liabilities reside in the private sector. The rest of it is public debt, which has increased to 85 percent of GDP last year from below 70 percent.

Sunday, October 2, 2016

Economic Conditions Snapshot, September 2016: McKinsey Global Survey results

Global views hold steady
Three months after the Brexit referendum, a decision that took much of the world by surprise, the latest results indicate that respondents’ views on the global economy have changed little. As in our previous survey, conducted a few weeks before the vote, executives are most likely to say that global conditions have stayed the same in the past six months and that conditions will remain steady in the months ahead (Exhibit 4).

Sunday, September 18, 2016

Russian central bank cuts interest rate further—down to 10 percent

Russia's central bank cut interest rates on Friday amid what analysts called more "aggressive" calls for monetary easing.
The central bank cut its key interest rate by 50 basis points to 10 percent on Friday, saying that it made the decision "given the inflation slowdown, in line with the forecast, decrease in inflation expectations and unstable economic activity."

Russia’s economic outlook revised to stable from negative

WASHINGTON (Sputnik) — US financial services company Standard and Poors (S&P) has upgraded Russia’s economic outlook to stable from negative, according to a release issued by the company on Friday.

"Russian Federation outlook revised to stable from negative on abating external risks; ratings affirmed," the release stated. S&P affirmed Russia’s foreign currency sovereign credit rating at ‘BB+’ and local currency rating at ‘BBB-’.

Read more:

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The Changing Trade Landscape: Trade Agreements, Globalization and Inequality

FDI statistics - June 2016

This article gives an overview of foreign direct investments (FDI) for the European Union (EU) in relation to year-end stocks, annual flows and income. The analysis mainly covers the period 2011–14 for the EU-28; note that the 2013 and 2014 figures are based on new methodological standards — Balance of Payments Manual, 6th edition (BPM6), and Benchmark Definition of FDI, 4th edition (BD4) — therefore, the statistics from 2013 onwards are not directly comparable with previous years.