Population ageing in South-East Asia is occurring rapidly (25 years) and at a relatively modest level of per capita income. This phenomenon could have an impact on the development trajectory of some countries in the region, with a "middle income trap" that may eventually close in Thailand and Vietnam. However, the rapid increase in health needs offers many opportunities for technical cooperation a... Lire la suite
This Eco-Treasury analyses the effects of tariff measures between China and the United States until May 10, 2019. Trade tensions between China and the United States have resulted in a significant and rapid reduction in bilateral trade in surcharged goods. Macroeconomically, China seems to be more penalized than the United States. Globally, the effects of trade tensions are more significant than ex... Lire la suite
After falling to 3.6% in 2018, global growth is projected to decline sharply in 2019 to 3.1%, before posting a slight upturn in 2020 to 3.3%, driven by stronger activity in many emerging countries. In the major advanced countries, growth is expected to weaken, in the wake of the United States reporting slowing momentum. The risks have increased around this scenario: worsening protectionism, higher... Lire la suite
Labour markets in the Nordic countries are seen as combining low unemployment with a high level of worker protection. Although based on a common base of principles, the reality is more complex and less homogeneous between countries.... Lire la suite
French agriculture is constantly responding to external changes in world prices, food preferences, or supportive policies. The Magali 2.0 model makes it possible to estimate the contribution of these shocks to the medium-term evolution of farmers' production and incomes.... Lire la suite
GDP per capita is calculated from the hourly productivity of labour and the average per capita volume of labour input. In its turn, the latter depends on the number of hours worked per year by persons in employment, the level of unemployment and the participation rate, which inter alia reflects the length of economically active life, between the ages of entry to and exit from the labour market.... Lire la suite
Since the 2000s, hires on very short-term fixed-term contracts (less than one month) have increased sharply and the median duration of fixed-term contracts has contracted.... Lire la suite
The global economy showed strong growth again in 2018, with world GDP up 3.7%. However, a slowdown is expected in 2019 and 2020 (world GDP growth seen at 3.4% p.a.), especially in advanced economies.... Lire la suite
Most major advanced economies have a minimum wage. In Germany, Spain and the United Kingdom, there is a single national minimum wage, as in France.... Lire la suite
Investment in education provides substantial long-term gains for individuals, the economy and society as a whole. However, not all government intervention in this area is equally efficient in terms of meeting the goal of educating and training citizens who are able to make a living from their work.... Lire la suite