Tag Archive
The Latest On The Baltic States And The Swedish Banks Who Operate There
The current account surpluses in Estonia and Lavia continues to increase to increasingly significant levels. Both are now experiencing significant surpluses after having just two years ago experienced extremely large (We’re talking of current account deficits of 15-25% of GDP) deficits. In relative terms that makes the American adjustment that Brad Setser is so... »
Is China’s Economic Growth Real?
The following points appear frequently in mainstream media commentary on China: China’s economy is growing at a rate of 8% annually, perhaps higher The Communist party will not “allow” growth to slow because it would create social unrest China’s development is based on the “export-lead-growth model” The export-lead model has been successful in “creating jobs” but due the... »
