ECONOMY

 

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Is the Eurozone ready for the next crisis?

The 2008 financial crisis was not a one-off event. The resources that were available to cope with that crisis would not necessarily be there if there was another crisis. Government debt and GDP ratios are still high, and pension and health costs are escalating across...

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Middle classes cut down to size

Middle classes cut down to size

It may seem contradictory when the middle classes in emerging economies (now going through a slowdown) are growing like never before. But according to some studies, their numbers have been exaggerated. And in a good deal of Europe and the US, the middle classes are in...

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Is GDP Over?

Is GDP Over?

Organizers of October’s fifth OECD World Forum on Statistics, Knowledge, and Policy could barely contain their sense of satisfaction when the three-day event opened in Guadalajara, Mexico. Why all the good cheer? Officials at the OECD, the official economic research...

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The systemic roots of Russia’s recession

The systemic roots of Russia’s recession

The recession in Russia began in mid 2014, when seasonally adjusted quarterly GDP started to decline. At first the decline was slow (in 2014 annual growth remained positive at 0.6 percent) but in 2015 real GDP declined with increasing momentum, with a fall of 2.2...

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