Will antiestablishment fever sweep through Europe?

Europe is in for a bumpy ride next year, and U.S. business interests across the pond will feel the vibrations.

Populism is sweeping across the continent, generated by voter anger at the political establishment over weak economic growth, the scarcity of jobs, an anti-immigrant backlash and a perception that financial markets matter more to government leaders than the well-being of ordinary workers. It has just swept Italian Prime Minister Matteo Renzi from power and earlier did the same to British Prime Minister David Cameron—and it’s headed full bore for the European Union’s biggest and most influential economies. Continue reading “Will antiestablishment fever sweep through Europe?”

Trade Deficit Increases in Listless World Economy

Widening 4% in ’16, after a 6.2% increase in ’15

Weak global growth combined with a relatively strong U.S. dollar will drive the U.S. trade deficit up 4% this year, as American exporters struggle to stay competitive in key trading nations. The drag on exports is likely to continue into next year. Continue reading “Trade Deficit Increases in Listless World Economy”