Global Economics Monthly: Another Rocky Year Ahead for the Big Four
December 22, 2016Two thousand seventeen promises to be another eventful year for the global political economy. The world’s four largest economies—the European Union, United States, China, and Japan—all face a troubled mix of economic challenges and political uncertainty. Taking them one by one:
Europe: A spate of elections across the founding members of the European Union could shift European politics sharply to the right. First up is the Netherlands, which holds national elections on March 15, and where the far-right Party for Freedom (PVV) of Geert Wilders currently leads in the polls. Then on April 23, France will hold the first round of its presidential elections. The National Front’s Marine Le Pen is running well in the polls and could come out on top, forcing the French establishment to rally around her opponent in the May 7 runoff, as they did in denying Le Pen’s father the presidency in 2002.
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