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More than twenty years after the beginning of negotiations, a new window of opportunity seems to have opened for the ratification of a trade agreement between the European Union and Mercosur. For Mercosur, this comes at a crucial juncture in its integration process: the future of the South...
Persistent link: https://www.econbiz.de/10014420381
Russia's foreign trade has shifted, causing a 30% depreciation in the Rouble due to declining oil prices and EU embargoes on Russian oil. While exports have decreased by 32%, imports have increased by 17% due to innovative ways to bypass trade sanctions. Despite EU restrictions, only around...
Persistent link: https://www.econbiz.de/10015050408
In 2023, Russia experienced a 3.5% economic growth, but forecasts for 2024 indicate a slowdown to 1.5% due to tightened monetary policies and the expected global economic slowdown. Despite large military spending and Western energy sanctions eroding budget revenues, fiscal deficits have been...
Persistent link: https://www.econbiz.de/10015050413
This report highlights the effects of international sanctions on Russia's economic performance up to mid-2024. Despite monetary tightening, Russia's early 2024 economic growth remained strong due to a tight labor market and continued credit expansion. The fiscal outlook has improved with more...
Persistent link: https://www.econbiz.de/10015050414
Recent events and rising geopolitical tensions have raised concerns about the external dependence and vulnerability of Europe’s economy. Decision-makers need to rethink the playing field of geoeconomics and should be prepared for different trade policy scenarios that may arise from new...
Persistent link: https://www.econbiz.de/10014496576
In recent decades, China has risen to become Germany’s most important trading partner for international trade in goods. Has Germany become too dependent from trade with China? An analysis using direct and indirect value-added linkages along the supply chain shows that China plays an important,...
Persistent link: https://www.econbiz.de/10014293274