Will education let Africa reap its demographic dividend?
With nearly 40 percent of its population under the age of 18, Africa is the youngest continent in the world. This expanding work-age population should bring higher productivity, increased consumption and faster growth. But turning this workforce into an economic asset will require ending the mismatch between educational outcomes and market needs.
Opinion: Conventional measures give false reassurance on global risk
Conventional measures could be the wrong ones to gauge the risk of a financial shock to the global economy. Imbalances created by cheap money are building up in the economy. A close look at market capitalization, share buybacks, and interest-rate spreads presents a troubling picture.
The Chinese economy: it’s about debt
China’s high ratio of debt to gross domestic product (GDP) will necessarily lead to an economic slowdown. The question is whether that can happen in a controlled manner that limits the negative effects on the country and the region, or whether it will bring China’s economy crashing down.
GIS Dossier: From Mao to Xi, China’s quest for growth
China’s explosive growth has made it the emerging hegemon of Asia and one of the most powerful engines of the global economy. But if the giant country fails to meet the challenges that lay ahead, it may also cause a lot of turmoil in the 21st century.
Central Europe will go through stress tests in 2017
As the European Union is trying to reinvent itself and the United States considers recasting its global role, the Central European nations see no obvious path to follow. The relatively prosperous region faces tests of political and economic maturity that go beyond anything it has experienced since the fall of the Iron Curtain.
Global Outlook 2017: Scenarios for the economy
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.
Japan is trying another fiscal stimulus to make Abenomics work. The central bank appears to have given up, admitting in its latest quarterly report that monetary measures will not suffice to get inflation back to the 2 percent target. But the real culprit may be institutional inertia, which has kept the government from following through on promises of structural reform.
Mixed forecast for Latin America’s economies
Latin America has been slower to rebound after the financial crisis than most of the world. Now, however, some countries in the region seem poised to make progress. Their ability to participate in the global economic expansion will vary. Some, such as Argentina, Peru and Mexico are in a position to benefit. Others will struggle to gain traction.