After two gloomy years, Brazil should experience an economic revival in 2017. For the first time since 2013 and the going down to hell of a country which had seen itself becoming among the top six economies in the world and whose GDP had surpassed UK one, signals of an improvement of its economy are now appearing. The deep recession which occurred in 2015 and 2016 with, both years, a GDP fall of 3,7%, could come to an end and leave the place to a modest growth in 2017 at around 1,5%. Political situation has been clarified and ...

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In a few days, two major agreements have been concluded between, regarding the first one, the three quarters of the world population and for the other one countries producing more than one third of the total oil extracted in the world. In New York, during United Nations General Assembly, it has been recorded that a sufficient number of countries has ratified the Paris Agreement, concluded at the end of COP 21, to permit to it to enter in application. In the same time, in Algiers, leaders of OPEC reached an agreement to cap their production. Fossil fuels combustion is the ...

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Every summer, central bankers and a clutch of economists gathered at Jackson Hole, the American Chamonix, in the Rocky Mountains. This time, attention was focused on Janet Yellen speech and her indications on next interest rates increases. We didn’t learn more because, following her habit, she procrastinated. But the debate about monetary policy role passed quite unnoticed. It is regrettable because it has become the main instrument of the economic policy, which is not anymore in government hands, since central banks got their independence. Highly indebted states, refusing to increase their budget deficit, relied on the decisions of their ...

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