Foreign Policy - metered paywall - 27 Feb 2018
On the eve of the Italian parliamentary elections, it is worth reading this deeply (overly?) pessimistic article. The Italian economist claims that Italians are rearranging the deck chairs as their country irrevocably sinks. He attributes his country’s travails to 4 things: (1) lack of productivity growth, (2) a very negative demographic outlook, (3) oppressive levels of public debt, and (4) a sense of lost sovereignty that fuels nationalism and populism. Today, Italy is the Eurozone’s weakest link (reads in 7-9 min).
Published in Weekly selection 2 March 2018
The Guardian - 16 Sep 2017
Such an article would have been inconceivable a year ago when commentators were predicting Armageddon for Europe (though not The Monthly Barometer). Well… Today, the Eurozone is growing faster than the United States; and as this brief article demonstrates, structural reforms implemented since the financial crisis are slowly but surely starting to bear fruit, with the lowest unemployment since 2009 and production ratcheted up (reads in 4-6 min).
Published in Weekly selection 29 September 2017
The Atlantic - 30 Aug 2017
Among the myriad of unexpected or unintended consequences of Brexit, net migration is one of the most potentially significant. The difference between those entering the UK and those leaving it fell by nearly a quarter, from 327,000 last year to 246,000 this year. The UK has yet to leave the EU, but some Europeans have started leaving the UK. This is a worrisome development that will adversely impact the British economy (reads in 5-7 min).
Published in Weekly selection 2 September 2017