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Estonian Budget Gap Soars, Puts Euro Goal at Risk (Update1)
June 30 (Bloomberg) -- Estonia’s fiscal deficit under European Union terms more than doubled in the first quarter from a year earlier, indicating the Baltic country may be unable to adopt the euro in January 2011. The deficit, including social security and state and municipal spending, rose to ...
A V-shaped recession?
A V-shaped recession?
econbrowser.com — As James Morley has pointed out, often a sharp economic downturn is followed by an equally sharp... economic recovery. One reason for that is the liquidation of inventories that accompanies any recession and restocking that takes place in recovery. What ... (more) A V-shaped recession?
Long-Term Budget Outlook
cboblog.cbo.gov — Today CBO released the Long-Term Budget Outlook . Under current law, the federal budget is on an... unsustainable path—meaning that federal debt will continue to grow much faster than the economy over the long run. Although great uncertainty surrounds ... (more) Long-Term Budget Outlook
Explaining the trade collapse
Explaining the trade collapse
voxeu.org — Caroline Freund , 3 July 2009 The collapse in trade has been unprecedentedly severe. This column examines... potential explanations. While the global fragmentation of production has increased the responsiveness of trade flows to drops in demand, trade ... (more) Explaining the trade collapse
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Estonia's Neck Goes Into A Latvian-style Noose
Latvia Economy Watch — Well, today is the 30 of June, and still no news from the IMF on releasing the next tranche of the Latvian loan. Perhaps this is one of the reasons why (via Ott Umelas at Bloomberg). ...

Estonia's Neck Goes Into A Latvian-style Noose
Baltic Economy Watch — Well, today is the 30 of June, and still no news from the IMF on releasing the next tranche of the Latvian loan. Perhaps this is one of the reasons why (via Ott Umelas at Bloomberg). ...

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Preliminary Analysis of the President’s Budget
cboblog.cbo.gov 3/21/2009 — We have just released our latest projections for the budget and economic outlook, updating the projections published in early January 2009. In addition, we have reviewed the President’s budgetary proposals contained in the February publication A New ...
China’s Magic Numbers
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More Thoughts on Potential GDP and the Output Gap
econbrowser.com 5/29/2009 — In several past posts, I've been taken to task for using the CBO measure of the output gap (and the associated measure of potential GDP) [0] [1] . Some criticize the false sense of certainty that is provided by the official measures, since they are ...
Good economic news?
econbrowser.com 4/30/2009 — Today's GDP numbers were about what I was expecting. Although economic activity continued its sharp decline, if we continue to follow the script, things should improve. The Bureau of Economic Analysis reported today that U.S. real GDP fell at a ...
Devaluation, Euro Membership And Loan Defaults - Some Thoughts For My Critics
balticeconomy.blogspot.com 3/26/2009 — Joke - How do you know when a country is in crisis? Well, on the buses on the way to work, and in the bars and cafes during the mid morning break, everyone is reading the economy rather than the sports sections in the local newspaper. Several pieces ...
Slovakia Takes The Biscuit - GDP Drops 11.2% In Three Months
fistfulofeuros.net 5/17/2009 — I’ve been trying to draw attention to what is happening to Slovakian GDP for some months now, since I felt the consensus has been missing something (see this post , and this one ). The Economist, for example, has been arguing some sort of version of Baltic and Hungarian exceptionalism in ...
Slovakia Takes The Biscuit - GDP Drops 11.2% In Three Months
eurowatch.blogspot.com 5/15/2009 — Well, I've been trying to draw attention to what is happening to Slovakian GDP for some months now, since I felt the consensus has been missing something (see this post , and this one ). The Economist, for example, has been arguing some sort of version of Baltic and Hungarian exceptionalism, and ...
Devaluation, Euro Membership And Loan Defaults - Some Thoughts For My Critics
fistfulofeuros.net 3/17/2009 — Joke - How do you know when a country is in crisis? Well, on the buses on the way to work, and in the bars and cafes during the mid morning break, everyone is reading the economy rather than the sports section in the local newspaper. Several pieces of news out over the last week are relevant ...
Devaluation, Euro Membership And Loan Defaults - Some Thoughts For My Critics
globaleconomydoesmatter.blogspot.com 3/18/2009 — by Edward Hugh: Barcelona Joke - How do you know when a country is in crisis? Well, on the buses on the way to work, and in the bars and cafes during the mid morning break, everyone is reading the economy rather than the sports section in the local newspaper. Several pieces of news out over the ...
Climate change, health care and the budget: A squeaker, with more to comeThe Economist: Full print edition 7/2/2009
So many challenges. So little spare cash HAVING campaigned in poetry, Barack Obama doubtless expected to govern in prose. But it is arithmetic that threatens to cramp his ambitions. Last week, the Congressional Budget Office (CBO) released its ...