The only real solution to Africa's long-standing challenges is economic freedom. Africa needs less and less government control and more capitalistic control of the economy...
The luxury automaker, whose CEO this week said he didn't think the company would ever completely give up on internal combustion engines, posted a surprise earnings beat on Tuesday morning that sent its stock soaring.
...optimism about business levels in one year’s time improved to the strongest since April 2018 principally amid hopes of an end to the COVID-19 crisis
The chart below may surprise you. Since the start of the pandemic, the ups and downs of the markets have exactly tracked changing inflation expectations.
"Lower (interest) rates boost aggregate demand and raise employment and investment in the short run. But the higher prevalence of zombies they leave behind misallocates resources and weigh on productivity growth." - BIS
All in all, while the atmosphere and risks would greatly differ, the direct positive macro-economic impact of an improved transatlantic (trade) relationship under Biden and the negative impact of a strained relationship under Trump seems limited.
"So what happens? So the government spends $100 into the economy, taxes let's say $90 back out, we say the government has run a deficit, we look at it as a shortfall."
The summary reiterated the increasingly challenging environment for development and rising uncertainties in external conditions, and highlighted major problems at the current phase of development.
