GDP

  The French unemployment rate has not fallen below 7 percent since the 1970s. In the second quarter of 2026, it stood at 8.3 percent as the economy contended with low labor productivity growth, an aging population and a low workforce participation rate. Many young professionals, including engineers, are leaving the country for jobs abroad, […]

  There’s been an ongoing debate in Argentina about the federal budget results under the Milei administration. I want to be very clear: the numbers show significant improvement, and Milei’s administration has been successful in putting the “deficit issue” on center stage. Yet, there are also good reasons why some Argentine economists point to potential problems and […]

  Over the past 80 years, policymakers have recognized the benefits of free-trade principles. They gradually agreed to restrain their discretionary power and abstain from regulating trade to raise cash (tariffs) or create privileged positions for selected producers (non-tariff barriers). International agencies were established to ensure that an increasing number of countries reduced their trade […]