The Ten Network is signing a five-year regional television affiliation agreement with WIN, ending long-standing speculation. While WIN needs Ten’s big name programs, this move looks forced and results in WIN sacrif
Since the turn of the century, the middle classes of the global South have taken centre stage in economic policy circles. Animated by diversification of some countries’ economies, a handful of economists from international agencies and think-tanks began a discourse that then entered African and development studies.
There may be more to the Philippines’ new president Rodrigo Duterte than his tough guy image indicates. In the populist theatrics that are Filipino politics, the overwhelming election of Duterte should not have come as a surprise, even with common, but inaccurate, comparisons to the US presidential candidate Donald Trump. Unlike Trump, Duterte is an active Filipino politician and, unlike Trump, his rhetorical bluster is backed by action.
After several years of weak inflation, economists now believe Americans will see higher prices in 2016 and beyond. Weak inflation that fell into near deflation in 2015 has reversed course, with the U.S. consumer price index (CPI) rising to its highest point since 2013. The CPI for all items rose over 1.1% in April, and has shot up markedly after falling earlier in 2016. Excluding food and energy, the CPI rose over 2.1% in April.
The Organization for Economic Cooperation and Development (OECD) published its most recent African Economic Outlook today. In it, the OECD warned that although Africa has been urbanizing at an unprecedented rate, it must take steps to ensure that that process remains sustainable or it could lead to enormous economic collapses.
Over 90 pages, the British Treasury’s latest referendum attempts to identify the short-term economic effects of a vote to leave on June 23 – aka Brexit. When the Treasury tweeted the publication late on the morning of May 23 it was billed a “detailed and rigorous analysis on the immediate impact of leaving the EU”. So how does it stack up?
On 10–13 April, US Defense Secretary Ashton Carter paid his third visit in just 30 months to India — the seventh by a US Defense Secretary since 2008. The frequency of high-level visits reflects the prominence accorded to New Delhi within the Pentagon’s emerging strategy towards the Indo-Asia-Pacific region.
In a plea to British voters to vote to stay in the group, many world leaders are citing the risks of Britain leaving the European Union. Most recently, Bank of Japan Chief Haruhiko Kuroda warned that Britain leaving the EU would have a serious impact on the world’s economy and that it would hurt Japan. “This could be potentially quite serious. If Brexit is agreed, it would have a significant and serious impact on the global economy,” he said at the most recent G7 meeting in Japan.
EM had another rocky week, but managed to end on a slightly firmer note Friday. Market repricing of Fed tightening risk was the big driver last week, and that could carry over into this week. There are several Fed speakers in the days ahead, capped off with Fed chief Yellen on Friday.
Several EM central banks meet this week, including Israel, Turkey, Hungary, and Colombia. There is some risk of a dovish surprise from Turkey, while Hungary is expected to continue easing. Colombia is an outlier, with high inflation seen leading to another 25 bp hike.
While the Aquino reforms ignited great progress in the Philippines, the new president will favor inclusive growth and greater pragmatism in foreign policies that will shape Southeast Asia’s future.
