Scenari Economici: site syndication http://www.scenarieconomici.com Thu, 09 Feb 2012 02:50:30 +0100 FeedCreator 1.7.2 http://www.scenarieconomici.com/images/M_images/ http://www.scenarieconomici.com Scenari Economici: site syndication http://www.scenarieconomici.com/video/expansionary-monetary-policy-is-ok.-but-how-is-fiscal-policy-shaping-up-3.html Video - Video Sat, 04 Feb 2012 12:39:34 +0100 http://www.scenarieconomici.com/articoli/an-austere-2012.html We are getting used to a constant flow of depressing macroeconomic data. On January the 31st Eurostat released the latest news on unemployment: in December 2011 10.4% of the working population in the Euro Area was looking for a job. This value, that is the highest since 1999, is even worse for young workers: the youth unemployment in the Euro Area is 21.3%, with an Italian peak of 31%.[1] Just a week earlier, the January update of the IMF World Economic Outlook[2] forecast a stagnant year for European economies, with recessions in Italy and Spain (-2.2% and -1.7%, relative to 2011) and stagnant Germany and France (0.6% and 0.5%). These latest data confirmed a downward trend on European growth expectations: while in April 2011 expected 2012 GDP growth in the Euro Area was +1.8%, each subsequent update of the World Economic Outlook was worse, till the last update: 2012 Euro Area’s GDP will decrease by 0.1%. Was that a surprise? Not really. Plunging gross domestic products are the result of the austerity measures that European Governments were planning and approving during 2011 (as we predicted in August[3]). The more governments reduced their purchases, the lower the 2012 GDP. The lessons taken from 1929 and, more recently, the Japanese lost decade, were simply ignored. Articoli - Articoli Wed, 01 Feb 2012 16:19:22 +0100 http://www.scenarieconomici.com/video/the-european-way-out-of-the-great-recession.html Video - Video Wed, 01 Feb 2012 16:05:06 +0100 http://www.scenarieconomici.com/articoli/bene-liberalizzare-ma-temo-si-vogliano-privatizzare-i-servizi.html «Ho letto la proposta dell'Antitrust sulle liberalizzazioni, certo. Interessante... ma sono le cose di cui si discute da anni. Tutto giusto, condivisibile, eppure se non interveniamo con una politica europea di crescita non andiamo da nessuna parte perché per le liberalizzazioni servono anni e una concertazione seria con le categorie interessate e noi non possiamo permetterci di aspettare». L'economista Fabio Sdogati va cauto. E aggiunge: «Un anno fa dissi che sarebbe arrivata una recessione sanguinosa e oggi sono convinto che non durerà sei mesi, come sostiene l'Ocse, ma un intero anno». Articoli - Articoli Sun, 08 Jan 2012 14:05:00 +0100 http://www.scenarieconomici.com/articoli/the-reality-of-the-fiscal-stimulus.html 4 (http://blogs.wsj.com/economics/2010/09/15/greenspan-fiscal-stimulus-worked-far-less-than-expected/)] argue for a reduction in governments’ spending and a rebalancing of their fiscal position. Institutions are also involved in the debate: some, such as the International Monetary Fund [5] [6] and the Federal Reserve [7], argue that this is not the right time to cut governments’ deficits, since recovery is still far from being strong, and that fiscal consolidation should be pursued only later in the future; others, such as the Bank for International Settlement [8] and partly the European Central Bank [9] and [10], appear to be more worried about governments’ deficits and thus call for immediate fiscal tightening. Articoli - Articoli Tue, 15 Nov 2011 09:59:32 +0100