(1/1/2015) This is the third and final installment of an interview on the outlook for the New Year.
Part 3. Forecasts for International Currency and Commodity Markets
Currency and Commodity Markets in 2015
Tag Archives: 2015
The US Economy in 2015
Following the first installment of a year-end interview on the global outlook, I turn in the second installment to the domestic economy.
Part 2. The US Economy
Q – As economic adviser to President Clinton, you oversaw one of the most prosperous periods in recent U.S. history. How do you assess the economic strategy of the Obama administration? What would you have done differently were you an adviser?
The World Economy in 2015
I am posting in three parts the results of an interview on the year-end outlook. (The questions come from Chosun Daily, leading Korean newspaper. The interview is to be published there in January.)
Part 1. The Global Economy in 2015
Q: Around this time next year, which countries do you predict will be the winners, and which will be the losers of the year?
A: The big gainers will be oil-importing economies, particularly China, India and other Asian countries.
Russia will be the big loser. It has now become clear to all how fragile and vulnerable the Russian economy was, especially with respect to world oil prices. It is easy to forget that commentators a few months ago were declaring Russia less vulnerable to Ukraine-related sanctions than Western Europe. Before that, they were judging the $50 billion 2014 winter Olympics in Sochi a triumph.