Macroeconomy & Globalization
Trends | Peace Deals
Low oil prices are widening Colombia’s current-account deficit, dampening the confidence of foreign investors and dragging down the economy.
A new era kicked off on December 31, 2015, for the 10 countries that are part of the Association of Southeast Asian Nations: The alliance launched the Asean Economic Community (AEC), a trade bloc aimed at creating a unified, cross-border market where labor, services and capital can flow without restrictions.
Tsai Ing-wen, leader of what was—until a couple of weeks ago—Taiwan’s opposition party, will become the island’s first female president this spring following a January 16 election in which she and her Democratic Progressive Party (DPP) won control of both the presidency and the legislature from the incumbent Kuomintang (KMT) party.
Monetary Policy | Capital Markets
Casting aside concerns about the strong dollar and weakness in economies abroad, the Federal Reserve achieved an historic interest rate liftoff in mid-December.