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Prospects Weekly: U.S. inventory restocking may be coming to an end; latest readings show rise in trade imbalances

Global Macroeconomics Team's picture
As smartphones have gained in popularity, so have such concepts as smart cities and smart mobility. This is not a coincidence – smartphones are changing how we travel in cities, to such an extent that we may need to reconsider the concept of urban mobility in the transport world. 
Traditionally, urban mobility is about moving people from one location to another location within or between urban areas. Policy makers, urban and transport planners, and engineers spend huge amounts of time and money to improve urban mobility, based on two basic assumptions:
  1. People need to move in order to access housing, jobs and urban services, such as education and entertainment.
  2. People prefer motorized mobility to non-motorized mobility, because the former is economically more efficient than the latter, especially as cities grow and the society becomes more affluent.
Those assumptions have already been challenged.

Prospects Weekly: Leading indicators point to slower growth in the third quarter

Global Macroeconomics Team's picture
Недавно я очень удивился, узнав, что опрос 1066 жителей Еревана и всех десяти регионов Армении выявил значительные пробелы в информированности населения о безопасности пищевых продуктов и поведении потребителей. Возможно, результаты Обследования информированности населения о безопасности продуктов питания, которое проводилось в июне 2015 года, действительно заставляют задуматься, но они безусловно могут лечь в основу «дорожной карты» для Государственной службы безопасности продуктов питания (ГСБПП), которая стремится повысить эту безопасность в Армении.

Prospects Weekly: Broadening recovery in the U.S. and Japan; downside risks in Europe

Global Macroeconomics Team's picture

"These historic new standards set ambitious, but achievable, fuel economy requirements for the automotive industry that will also encourage new and emerging technologies. We will be helping American motorists save money at the pump, while putting less pollution in the air." This is how Transportation Secretary Ray LaHood announced the new national standards for passenger cars and light trucks today.

Prospects Weekly: Durable exports up, capital flows up in early 2010, USD's real rate relatively stable

Global Macroeconomics Team's picture

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Dans cette vidéo, Makhtar Diop, vice-président pour la région Afrique de la Banque mondiale, explique, alors qu’il traverse le fleuve Congo, pourquoi ce voyage du président de la Banque mondiale et du secrétaire général des Nations Unies, est une occasion historique de renforcer le processus de paix dans la région.

Can China become the engine for world economic growth?

David Dollar's picture

This somewhat provocative question was the title of a conference hosted by Oxford and Standard Charter this week in London.  My answer was: "No, not tomorrow; but yes, eventually – especially if China continues to vigorously pursue economic reform."
The reason that China cannot be the engine of global growth tomorrow is straight-forward.  For the last decade an awful lot of the final demand in the world has come from the U.S.  That era is over for the time being as U.S. households now concentrate on rebuilding their savings.  No one country can fill the gap left by the slowdown in U.S. consumption: Japan, Germany, and China together have less consumption than the U.S., so no one of them can replace the U.S. as the major source of demand in the world.  It's not realistic to expect China to play that role.  But we are probably moving into a more multi-polar period in which there is more balanced growth in all of the major economies. 

Is China de-linking from the U.S. economy?

David Dollar's picture
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