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The following argument is common: economic liberalism can generate more wealth but it also results in greater inequality, so it should not be the way to go. There is the false notion, ingrained among many leftist parties, that the market economy cannot coexist with redistributive policies.
After the roller-coaster of last year, banking aggregates will normalize in 2021. Virus control will gain traction, highly impacted sectors will gradually reopen, and the overall economic recovery will solidify with the support of policymakers. These conditions will be highly favorable for the banking industry.
In contrast to the current account deficit of USD 4,238 million posted in 2019, this indicator showed a surplus of USD 26,571 million in 2020 as the trade balance on non-oil goods registered a much higher positive figure.
In this publication you will find, on a weekly basis, our selection of the most relevant news regarding financial regulation.
Chinese authorities’ 2016-2018 corporate deleveraging campaign seems to have given way to the escalating China-US tensions and the COVID-19, however, it restarts now in a more "passive" way.