The Purchasing Managers Index (PMI) is a forward-looking indicator based on monthly surveys of purchasing managers. As a “Diffusion Index”, values above 50 indicate expansion relative to the previous month, and below 50, contraction relative to the previous month. As such, it is a key piece of the economic puzzle. There are several PMI indices: manufacturing, services and composite. In this piece, the focus is on PMI Manufacturing
Drawing on the fact-free politics of Donald Trump, Republicans are selling the meme that Americans are much worse off economically and financially under President Joe Biden and the Democrats. That is demonstrably untrue. Yet, the Democrats’ main response has been to mumble an apology for the inflation they didn’t cause and try and change the subject.
Wednesday, October 26, 2022, 11AM CDT: EconVue Subscriber Event
You are invited to a panel discussion on Japan's outlier monetary policy with economists John Greenwood and Richard Katz, moderated by Lyric Hughes Hale.
The work argues that the problem is not the “lack of a strategy,” but ensuring that the strategies that we apply are appropriate, adequately resourced and coordinated, and the tools we use are up to the task. In addition to concisely stating the nature of the risks to the US and the region arising from some dimensions of PRC engagement, the recommendations advanced by the work include: (1) holding the line for Western corporations, strategic technologies and liberal institutions, (2) helping our partners to strengthen their institutions to get a better deal from their work with the PRC and other actors; (3) fixing, rightsizing and better coordinating our institutional tools for competing, (4) improving our data supported messaging, and (5) advancing clear new strategic concepts for the military as part of a whole of government response, coordinate with our likeminded allies.
The global economic horizon has darkened considerably in the past few weeks. Published at the outset of the annual IMF/World Bank October 2022 meetings, the IMF reports that it expects global economic growth to slow down from 6% in 2021 to 3.1% this year, and 2.7% next year. Of the three largest economies, the United States and the European Union may be heading to recession, while China’s economy is close to being flat. This bleak economic picture is occurring as policymaking in major countries is in disarray.
This article is the third of a series about the challenging global environment facing Emerging Markets/Developing Countries (EM/DCs) living with the legacy of the pandemic and the Ukraine war. In this series, we want to apply the techniques of Country Risk Analysis to assess the changing risk environment, especially as it applies to a potential debt crisis.
This article is the second of a series about the challenging global environment facing Emerging Markets/Developing Countries (EM/DCs) living with the legacy of the pandemic and the Ukraine war. In this series, we want to apply the techniques of Country Risk Analysis to assess the changing risk environment, especially as it applies to a potential debt crisis.
This work looks at how the Sandinista regime of Daniel Ortega and Rosario Murillo in Nicaragua has further clamped down on dissent and consolidated power since the rigged November 2021 Presidential elections, and how it is increasingly serving as an entry-point for expanded activity in the region by Russia, Iran, and the PRC.