Andrei Rădulescu
Andrei Rădulescu
Economist, Ph.D., Scientific Researcher at the Institute for World Economy, the Romanian Academy, with broad experience in macroeconomic analysis at top institutions in Portugal and Romania
A Crystal Ball and Some Econometrics

A Crystal Ball and Some Econometrics

The global economy decelerated to 3.1% growth in 2016, the slowest pace since 2009, according to the estimates published by the International Monetary Fund in January 2017.In the United States (the main economy in the world, with a contribution of around 25% to the global GDP), the economy increased by only 1.6% YoY in 2016, according to the Bureau of Economic Analysis reports. The worst performance since 2011 was mainly caused by the deterioration of the fixed investments, given the accumulated effect of several challenges. However, the investment climate stabilised at the end of 2016, an evolution influenced by the euphoria of the financial markets after Donald Trump won the Presidential election. More

No. 2, Nov.-Dec. 2016 2016


Brexit – Lessons for the European Union

Brexit – Lessons for the European Union

The result of the British referendum (51.9% pro-Brexit) surprised the financial markets, but also the policy-makers (recently, the UK Treasury admitted the lack of a plan for this scenario). The pound depreciated significantly, to the lowest level since June 1985 against the US dollar. At the same time, the uncertainties regarding the future of the UK-EU relations have had a strong impact on the banking sector, given the role of London in the global and European financial industry (the banks’ stock index decreased by over 20% in EU since the 23rd of June, compared with a decline of only 7% in the US). More

No. 1, Sep.-Oct. 2016 2016


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FOUNDATIONS
The Romanian-American Foundation for the Promotion of Education and Culture (RAFPEC)
THE NETWORK
WISEWIDEWEB
Amfiteatru Economic

OEconomica No. 1, 2016