MALAYSIA: Parliamentary vote sustains possibility of year-end election
Earlier this week, Prime Minister Muhyiddin Yassin was able to remove the parliamentary speaker chosen by the previous government by a vote of 111-109 in the 222-seat chamber, with one MP absent and the presiding officer abstaining (which makes the ruling coalition’s actual major… Become a member to read the rest of this article […]
GREECE: A tough summer season
Data emerging from the tourism sector suggests that this industry is likely to see little action this summer despite the good management of the Covid-19 crisis. While the noise about early elections in the Autumn is recurrent, this scenario remains unlikely. A cabinet resh… Become a member to read the rest of this article
EUROPE: CEE PULSE
Growing concerns over political corruption and erosion of democratic institutions are driving large public protests across Central and Eastern Europe (CEE). Thousands of citizens have taken to the streets in Bulgaria and Serbia calling for government changes, while demonstrators … Become a member to read the rest of this article
Global Letter – The economic cost of recessions II
Recessions are expensive. Output is permanently lost; and often potential growth is reduced too. In an earlier Global Letter, 1 we reproduced path-breaking calculations made for the UK by the late Christopher Dow. Studying the evolution of post-recession, constant-employment, … Become a member to read the rest of this article