Benn Steil

Geo-Graphics

A graphical take on geoeconomic issues, with links to the news and expert commentary.

Is a “Decisive Role” for Market Forces in China Compatible with a 7 Percent Growth Target?

by Benn Steil and Dinah Walker Wednesday, November 20, 2013
china target vs us forecast

The Chinese government is early next year expected to announce a 7% growth target for 2014, a rate China has managed to exceed every year since 1990.  Chinese growth has also exceeded the government target at least as far back as 2001 (the first year for which we have found such targets); the target has therefore in essence been a floor.  In contrast, as today’s Geo-Graphic shows, the White House has overestimated U.S. growth 70% of the time since 2001. Read more »

ECB Rate Cut a No-Brainer; Also, for Many, a No-Gainer

by Benn Steil and Dinah Walker Wednesday, November 6, 2013
inflation and correlation

Back in April, we showed that the eurozone countries most in need of lower corporate borrowing rates benefited only marginally from ECB rate cuts. Today’s Geo-Graphic shows that little has changed in this regard; the financial crisis has clearly done serious and lasting damage to the monetary transmission mechanism in Europe – particularly as it affects Greece, Portugal, Spain, and Italy. Read more »