JEEP Brand New York Auto Show Product Announcement 2016 March 23rd

Jeep launched today the new model for Grand Cherokee Summit 2017 and Grand Cherokee TrailHawk 2017.

For the video check our Facebook  account.

jeep grand cherokee trailhawk 2017

jeep grand cherokee trailhawk 2017

A small opening

Japan's population is falling by around 300,000 people every year, and this rate is likely to increase. It's current population of 126.6m will dip below the symbolic 100m mark sometime around 2050. This is a key reason why I think that the Japanese Prime Minister's 'Abenomics' strategy for inflation and growth will not be successful: if you have fewer and fewer workers every year, then each worker needs to get more productive just for the economy to stand still. 

That said, for an economy with a declining population I think GDP is even less relevant as a measure of economic well-being than usual. While we expect Japanese GDP to grow by an average of 0.8% a year over the next five years, GDP per person will grow by a more robust 1%. The importance of population growth for these aggregate numbers is highlighted when you compare it to our prediction for the US: average annual GDP growth of 2.1% is much higher than in Japan, but the 1.3% average annual growth in GDP per capita is similar.

A large part of the faster GDP growth in the US as compared to Japan, then, is down to its higher rate of population growth. From a migration perspective, Japan is one of the most closed nations in the world. This is unlikely to change. Even though the government is creating some channels to allow for greater inflows of workers, particularly in sectors such as aged care, construction and agriculture, these are hidden behind various cloaks, such as being 'temporary' or part of 'special economic zones' only. Nonetheless, even a small increase in Japan's net immigration rate could be an important boost to the economy.

Source Simon Baptist, Chief Economist The Economist | Intelligence Unit

What will be the oil price in the next months ?

Moscow—According to Russian daily Novaya Gazeta, Mr. Dmitry Peskov, the press spokesman for the Russian President, lambasted the Saudi regime in his weekly press conference for sowing terrorism and backing al-Qaeda inspired guerrillas throughout the crisis-hit Syria.

"the Saudi leadership clings to power and hope they can possibly impede the inevitable collapse of their primitive, barbaric and inhumane political system by targeting the stability and welfare of other neighboring nations," Pravda quoted the Russian official as saying on Monday.

Earlier, the Russian president emphasized that his country can't remain at rest vis-à-vis the Saudi mischievous interference in Syria which blocked any Syrian-Syrian peaceful settlement.

" …Russia will defeat Saudis in Syria which became the epicenter of their [Saudis] malevolent plots. It is imperative for all Syrian parties that believe in a peaceful resolution for their country's five-year civil war to sit down at the negotiation table and denounce the Saudi destructive role," said President Putin, adding that Russia will bomb Saudi Arabia back to the Stone Age life when nomad Arabs were in the habit of living in tents unless the regime gives up assisting radical terrorists in the Middle-East.

The Russian President added that strong actions against Kingdom of Saudi Arabia (KSA) are justified and crucial due to the fact that Saudi-backed ISIS poses a major international security threat. At the same time, the international community should be under no illusion about the detrimental and suspicious U.S.-Saudi alliance.

Source AWDNews

Special Report Economics 2016

2016 will be marked by gradual rises in US interest rates, low oil prices and a continued economic slowdown in China. Global GDP, while well below pre-inancial crisis highs, will speed up slightly from 2015 to 2.6% at market exchange rates and 3.4% at purchasing power parity (PPP). 

Advanced OECD economies will remain on a steady course, expanding by a little over 2% in PPP terms. Cheap energy will help: Brent will average US$53 a barrel in 2016. Aided by strong labour and housing markets, and recovering government spending, the US will grow by 2.4%. Businesses in the EU will beneit from loose monetary policy, although the risk of a Greek exit from the euro zone lingers. In Japan, “Abenomics” will struggle to snap the economy out of its doldrums, in the face of population ageing.Scintillating growth across an array of emerging markets will not return in 2016. 

As monetary tightening inches forward in the US, capital will low from them to it, causing capital outlows and volatility for some. Especially vulnerable are big commodity exporters and countries with large iscal and current-account deicits, or a lack of credible policymaking: Nigeria, Russia, South Africa, Turkey and Venezuela stand out. Brazil is labouring to counter rapid inlation, a wide budget deicit and high interest rates, while impeachment hangs over its president, Dilma Rousseff: in 2016 GDP will contract again, by 2.5% in real terms. India is a bright spot, offering 7.4% growth, but reforms will be needed for it to fulil its potential. China, too, faces formidable structural challenges.

Yet many worries about the global economy are overblown. Despite its problems, China will expand by 6.5% in 2016, as services outpace industrial output and investment accelerates. Unlike in past crises, moreover, non-OECD economies overall enjoy ample foreign reserves and liberal exchange rate regimes: the risk of a wholesale emerging market meltdown is remote. Non-OECD economies will grow by 4.5% in PPP terms in 2016.

Special Report EIU 2016

Searching for bright spots

We have global GDP growth accelerating from 2.4% in 2015 to 2.6% in 2016, and so should be starting the year in a brighter mood. However, a look behind the numbers actually gives a fairly gloomy picture for the year ahead. 

To illustrate, none of the four countries showing the biggest acceleration in growth in 2016 are much to get excited about. All shrank by more than 10% in 2015 and are recovering from deep crises. In Yemen we forecast growth will accelerate from -38% in 2015 to +4.5% as the trajectory of the war stabilises, Sierra Leone goes from -25% to +0.8% as the impact of Ebola fades, Macau's recession softens from -23% to a less punishing -2.7% as China's anti-graft campaign continues, while war-torn Ukraine leaves its year of -10.5% growth behind to grow by a still-sluggish +1%.

So where, then, is the good news?! Of the world's largest 50 or so economies, the one with the biggest turnaround coming in 2016 is Iran, which I've written about a few times in the last year. Political change there should have a big impact. Russia, Brazil and Japan also improve in 2016, although the first two will remain in recession.

Source Simon Baptist, Chief Economist The Economist | Intelligence Unit