In EIU’s latest global outlook video, Agathe Demarais, Kate Parker and Matthew Oxenford share EIU’s views on the new German government and the 2022 French presidential election..
The covid-19 pandemic sent the global economy into deep recession in 2020; global GDP contracted by 3.7% (at market exchange rates)—the worst outturn since the 1930s..
Gabriel Boric of the left-wing Apruebo Dignidad (AD) coalition won the second-round run-off presidential election on December 19th, defeating José Antonio Kast of the far-right Frente Social Cristiano (FSC). Mr Boric’s large margin of victory bodes well for governability in the short run, but a cloudy economic outlook, polarised politics and high expectations pose risks for the new president over the medium term..
Economic growth will slow over the next 30 years as some countries reach higher levels of development while others struggle to diversify their economies..
Moon Jae-in of the liberal Minjoo Party has been South Korea’s president since 2017, and his single five-year term will end in May this year. The next presidential election, which is scheduled on March 9th, will be a tight contest between Lee Jae-myung, candidate of the Minjoo Party, and Yoon Seok-youl, who represents the main opposition, the conservative People Power Party (PPP). .
Ahead of the May 29th presidential election, fierce in-fighting among Colombia’s centrist and right-wing political coalitions has further strengthened the position of Gustavo Petro, a senator, former mayor of Bogota, and the likely candidate of the left who defends a radical populist agenda. The strong divide within these alliances prompted some pre-candidates to abandon them and announce their independent tickets..
The political temperature is rising in Kenya ahead of the next parliamentary and presidential elections on August 9th. President Uhuru Kenyatta will step down after serving two terms, intense competition and electoral reforms will spawn new coalitions, and a tight race will elevate political tension. .
The prime minister, Jacinta Ardern, has announced the loosening of coronavirus restrictions from February 16th, with New Zealand moving from Phase 1 to Phase 2 of its response to the emergence of the Omicron variant..
TSMC, Intel aim to invest about 19% and 47% more on expanding chip capacity in 2022. Samsung plans to invest about US$150bn in its foundry unit until 2030..
In EIU’s latest global outlook video, global forecasting director, Agathe Demarais, and Europe senior analyst, Agnese Ortolani, discuss Russia’s invasion of Ukraine and its key political, economic and geopolitical implications for Europe..