Entries from Chemicals & The Economy tagged with 'G-20'
Italy's oil consumption back at 1967 levels
The wrong diagnosis can often make the problem worse not better, as doctors know very well. But the message hasn't got across to policy makers. They refuse to believe that ageing populations spend less and save more - even though...
G-20 richest nations still lack a 'Plan B'
Hands-up those who remember the G-20? Well done, Mexican readers, you get full points. But other readers seem doubtful. This weekend the world's Finance Ministers were meeting in Mexico City, as the country concludes its G-20 presidency. But you...
Fragments from the G20
3 years ago, many hoped the G20 group of the world's wealthiest countries might work together to solve the global financial crisis. Last week's Cannes meeting ended that illusion. Instead, its decision to abandon the Doha trade round, launched in...
Global financial markets at important crossroads
Stock markets around the world are at an important crossroads. The blog's regular 6 monthly review compares today's market levels with their 2007/8 pre-Crisis peaks. And as can be seen, none have yet hit a new high. This is quite...
Warsh calls for "better policies" as G-20 meets
US Fed Governor Kevin Warsh is one of the few policymakers to focus on reality rather than wishful thinking. He pointed out nearly 3 years ago that liquidity should not be mistaken for capital, although others continue to ignore this...
More words than action at G-20 Summit
When the G-20 met in London in April 2009, they produced a Communiqué containing just 688 words. And as the blog noted in conclusion, there was "no sign of a 'Plan B' being developed", in case the Stimulus measures failed...
G20 abandons the Stimulus economy
Politicians finally seem to be giving up on the Stimulus economy. 9 months ago, the leaders of the G20 Group (the world's major economies) were congratulating themselves on having delivered "the largest and most coordinated fiscal and monetary Stimulus...
G-20 in self-congratulatory mood
When the G-20 met last April, it issued a Communiqué containing just 688 words. Its Pittsburgh meeting over the weekend produced a Leader's Statement containing 9292 words. "More" does generally not mean "better" when it comes to writing action plans....
G-20 moves on financial regulation
Last April's G-20 Summit brought together the leaders of the major world economies. Yet in terms of their announced goals for the Summit, financial regulation seemed to be the only one that gained traction. That impression is confirmed by the...
Restocking begins but the downturn continues
CLICK HERE FOR PDF VERSION Recently the blog has identified a number of signs that US housing and auto markets are stabilising, at least temporarily. This should feed through into chemical demand during Q2, and enable production volumes to show...
G-20 moves on regulation, ducks other key issues
The blog has been reading the G-20 communiqué, and various news reports, to understand whether the London summit answered the 5 key questions it raised in advance of the meeting. Reuters provides a good summary of the outcome in terms...
G-20 prepares for London meeting
Leaders of the G-20 represent 85% of the global economy, and 65% of world population. Set up by Finance Ministers after the Asian crisis in 1997/8, they first met at Heads of Government level in the USA last November. Sadly,...
G-20 plans still short on substance
The G20 represents over 85% of the world's economy. And there is certainly no shortage of major issues for government leaders to discuss when the G20 meets next month in London. But the blog is not over-hopeful about their ability...
"Nobody there" at the US Treasury
The UK's most senior civil servant, Sir Gus O'Donnell said yesterday that the UK government was struggling to organise next month's G-20 meeting because of the "absolute madness" of the US system, whereby "a new administration had to hire new...
A low-key G-20 meeting
The first-ever G-20 meeting of Heads of State was a relatively quiet event, without the presence of President-elect Obama. Two main areas seem to have been discussed: • Regulatory reform, where finance ministers have been given until the end of...
G-20 tries to support growth
The G-20 was created in 1999, after the financial crises that had hit emerging countries from 1997 onwards. It includes the G7 group of major industrial companies, plus the main emerging economies, including the BRIC countries (Brazil, Russia, India, China)....
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