European Union
The world economy in 2017 will be defined by four variables: growth, oil prices, inflation and interest rates. Political events could also play an important role, especially a possible rapprochement between the United States and Russia and general elections in France. The potentially fateful impact of the latter on the European Union would be amplified by an Italian crisis.
European Union
Western civilization again entered a dangerous period of disarray. It is weakened internally by overindulgence and self-doubt, and besieged by forces hostile to its bedrock values of liberty and tolerance. The West can reverse the decline, though, by resolutely returning to its Christian roots.
European Union
Europe’s basic problem is a lack of leadership. In 2017 it is unlikely to solve the root problems at the heart of its malaise: excessive regulation, a lack of competition and innovation, weakening internal cohesion and an inability to address crises efficiently. A new generation of politicians may emerge that pushes for more market-driven solutions, but it will take several more years for them to be able to implement their vision, if at all.
Recommended Reports
Free reports
of Liechtenstein
In appreciation of George W. Bush