The recovery in oil and commodity prices is expected to give a fillip to global growth and brighten the prospects of emerging market resource exporters such as Russia, according to a forecast from the World Bank. The impact of the failed military coup in July 2016 still seems to weigh on Turkey’s economy, not to mention the authoritarian tendencies of the Erdogan administration that deter foreign investors.
Between the first quarter and the second, GDP in the Euro-zone increased just 0.3% compared to the 0.6% expansion recorded in the previous review period. The unemployment rate and annual inflation improved marginally during the second quarter.
Switzerland’s export rich economy is not without challenges. There is a need to remove barriers to entry in network industries such as the energy, postal and telecommunications sectors. To further galvanize the Swiss economy, full-time participation in the labor markets for women must be facilitated, and non-tariff trade barriers must be removed.
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