Home Insights 2018, between economic upturn and restored prosperity

2018, between economic upturn and restored prosperity

News on the economic front is less severe. The recovery is expected to continue in 2018, partly on the basis of these various returns to slight forms of protectionism; a protectionism which, for now, is structured on the basis of large national and supranational entities, and stays open. It is a realignment rather than a retreat, let’s say. This realignment prioritises the domestic markets of consumption and production (Chinese, American, European ones…) and manages to revitalise the production fabric, especially in countries which used to rely solely on finance to inflate their GNP, starting with the United States and England.

But this reindustrialisation is made possible by an increasing insecurity (low wages, precarious jobs, reduced social safety nets, inflation)[1]. Consequently, the economic upturn will not be synonymous with a restored prosperity. Taxation is not yet ready for that. In 2018, Europe and the United States will be caught in a schizophrenic interval between good news on the economic front and bad news on the social one… (fragment – GEAB 121 / January 2018)

_______________________________

[1]   To begin with the European champion: Germany, as underlined by us in different bulletins (GEAB 120, 15/12/2017) – 17 % of Europeans live below the poverty line of their country (to 60 % of the average income).This proportion varies and gets even doubled, from 12 % of the population in the Netherlands to 25 % in Romania. Source: Observatoire de la précarité, 10/11/2017

Comments

To leave a comment sign up now
Related articles
GEAB
17 Jul 2019

African Union: The end of the CFA franc (from the GEAB 110 / Dec 2016)

#africa #currencies #economy #geopolitics

Africa! The second largest continent in the world after Asia, both in size and population, and also one of the poorest is shaken by internal conflicts and wars. But above [...]

Geta Grama-Moldovan
11 Jul 2019

Coming soon, the GEAB special file: European tourism in crisis (synopsis)

#asia #China #economy #europe #Multipolar World #tourism

European Tourism 2020-2030: The improbable alliance between tourism and protectionism Contrary to the feverish dreams of officials in Brussels and our capitals, fuelled by the prospect of an exponential growth [...]

Geta Grama-Moldovan
24 Jun 2019

The virtualisation of the European financial system: towards a new stage of disintermediation

#Crypto #currencies #finance #financial system #governance

The IMF and the international financial institutions are preparing reforms of the international monetary system, which must also take into account this double injunction of efficiency (thus of modernity and [...]