France: France exits recession in Q4 2013
According to the BBC News and the preliminary estimate released by the French Statistical Institute, the French economy expanded 0.3% over the same period of the previous year in Q4 2013. Albeit still preliminary and despite the modest figure, the expansion in the French economy adds up to previous signs of recovery in the Eurozone.
China: Plan Drafted for $36b Undersea Tunnel
In April, the State Council will receive a blueprint yo build the world’s longest underwater tunnel beneath the Bohai Sea by 2026. The 123-km underwater tunnel, which will cost an estimated USD 36 billion, will house a rail line connecting the port cities of Dalian in Liaoning province and Yantai in Shandong province.
United States: Winter’s wrath obscures views on U.S. economy
According to Reuters and reports from official government agencies, private surveys and U.S. corporations; colder-than-normal weather and heavy snowfall across large swaths of the United States are to blame for weakening retail sales and weak employment data, as well as for the results in industrial output, which does not bode well for the GDP growth in the first quarter of 2014.
Euro Area: Euro-area growth eases pressure on Draghi for stimulus
The Euro area economy expanded above expectations in the last quarter of 2013. According to Kathemerini, the positive developments in the economy ease pressure on the ECB to take action next month to counter low inflation and spur growth.
Argentina: A century of decline
Amid mounting economic woes, Argentina experienced last month the largest devaluation since the height of the crisis in 2012. Against this backdrop, The Economist analyzes the declining trajectory of the Argentinean economy over the course of the last 100 years.