Global: The missing piece in the global growth puzzle
CNBC presents the opinion of several economists whose view is that the global economic recovery remains weak because of insufficient consumer demand.
China: China economic growth at 14-year low
As the BBC News has reported, China’s economy, the world’s second-largest, grew at its slowest pace in 14 years in 2013. According to official data release, its gross domestic product (GDP) expanded 7.7% from a year ago, the slowest pace of growth since 1999.
Global: World Economic Forum on inequality
From 22 to 25 January, the World Economic Forum will take place in Davos (Switzerland). According to Reuters, the WEF’s assessment of global dangers, concludes that income disparity and attendant social unrest are the issue most likely to have a big impact on the world economy in the next decade.
Ukraine: Protests increase after new Yanukovich law
As the Kyiv Post reports, protests increased during the weekend after President Viktor Yanukovich passed a law limiting protests and demonstrations against the government. Far from ceasing, protests are likely to increase in response to Yanukovich’s law and the way the police is enforcing it.
United Kingdom: Bank of England urged to let wages catch up before raising interest rates
This article from The Guardian reports the latest study from the EY Item Club. The study makes a call to the Bank of England policymakers to supplement the forward guidance policy with the positive growth in real wages alongside a lower unemployment rate threshold. The EY pledges that the threshold will be reached in the first half of this year, which is two years earlier than originally expected.