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Economic Research

A Wakeup Call for the New Foreign Policy Team?

The focus of this piece is on the foreign policy challenges faced by the new U.S. administration. The fact that the U.S. economy is in the middle of a severe recession exacerbates some of the challenges. Therefore, before starting our note, it is worth commenting shortly on the first anniversary of the current U.S. recession. Now it is official, the U.S. economy fell in recession in December of 2007, as we expected. The definition of recession is not limited to two quarters of negative growth, it is more sophisticated than that. There are several indicators of economic activity that[...]

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