Big Reads on Economics: Draghi Exits, Latin America Hits Streets
Big Reads on Economics: Draghi Exits, Latin America Hits Streets
(Bloomberg) --
European Central Bank President Mario Draghi oversaw his final policy meeting before he steps down after eight years helping to run the euro area’s economy. Meantime, Latin America is back as a source of political risk for markets amid riots in Chile and an election in Argentina.
Here’s a collection of this week’s analysis and enterprise from Bloomberg Economics:
As Draghi steps down as president of the ECB, Fergal O’Brien and Jana Randow use charts to gauge the euro area’s performance on his watch and the legacy awaiting his successor, Christine Lagarde. Although Draghi has pushed for more budget spending by Germany, Catherine Bosley and Yuko Takeo explain why that may not be much of a boost for the broader region.
Political Risk Revived in Latin America as Protests Spread
How Chile Went From an Economic Star to an Angry Mess
Global Insight: Lebanon today. Tomorrrow, Who? Charting Riot Risk
Chile became the latest Latin American nation to witness trouble on its streets. Juan Pablo Spinetto writes why the region is again a source of political risk in financial markets, while Sebastian Boyd diagnoses what’s going on in Chile. Economists Tom Orlik and Scott Johnson analyze where riots may blow up next after Chile and Lebanon.
Argentina is again at the eye of the Latin American storm in markets. Patrick Gillespie previews this weekend’s election, while the Stephanomics podcast with Stephanie Flanders and Bruce Douglas also take a snapshot of the country.
Saudi Arabia is trying to juice its tourism sector in a bid to lower unemployment in a nation that’s home to increasing numbers of young people. Sarah Algethami and Abeer Abu Omar write about how it’s doing so.
Stephanie Flanders explains why there are still some reasons for optimism about the economic outlook for 2020. But our team in Beijing looks at how policy makers in China are bracing for growth to weaken below the 6% pace.
Katia Dmitrieva, Reade Pickert and Jordan Fabian calculate that President Donald Trump is wrong to claim American incomes have skyrocketed during his presidency. Meantime, Katia also shows how the U.S. Bureau of Labor Statistics risks losing staff and Reade examines why workers are still not thrilled about their lives.
Nacha Cattan explains the business of people smuggling on the U.S.-Mexico border and why Trump’s crack down on illegal immigration isn’t enough to put even families off attempting to get into America.
To contact the reporter on this story: Simon Kennedy in London at skennedy4@bloomberg.net
To contact the editors responsible for this story: Stephanie Flanders at flanders@bloomberg.net, Zoe Schneeweiss
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