Financial markets took a serious hit at the start of 2016 on yet another wave of worries about China. It’s widely accepted that a severe economic crisis in China is one of the most important risks again for this year. We agree.
The US election campaign has been drawing a great deal of attention. As things stand, Mrs Clinton is leading the race to the White House. Barring any accident, she will succeed Mr. Obama and become the 45th President of the United States.
Low inflation has been a concern for Western policymakers ever since the start of the Great Recession. Despite record low interest rates and unprecedented balance sheet expansion most central banks are still looking for higher inflation.
Ten years after the onset of the financial crisis, the global economy is showing signs of a synchronized recovery. Cyclical economic growth across the board is picking up, trade volumes are growing, corporate profits are on the rise and unemployment is falling.
The annual symposium in Wyoming looks set to attract a great deal of attention again as hot economic issues and policy options are being fiercely debated among experts. Against this background, we have updated our view on central bank policy.