Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
The New Great Game between the U.S., Russia and China.

Stephen Blank accentuates the importance of the province of Xinjiang for the power of China in Central Asia. See my writing about Western powers on creating unrest in Xinjiang on human rights violations.

The Great Power Rivalry in Central Asia

I hate his opinions [Ivo Daalder] and the very early warmongering for NATO allies to make Russia a pariah state. He has a smoother presentation than an uncouth John Bolton, policy is quite similar as is the ultimate goal: supremacy.

Who and Why: The Concert of Democracies | Brookings Institute - Dec. 2006 |

'Sapere aude'

by Oui (Oui) on Sun Jul 30th, 2023 at 07:20:52 AM EST
Europe and Central Asia Economic Update "Weak Growth, High Inflation, and a Cost-of-Living Crisis"

Excluding Russia and Ukraine, growth in ECA is projected to fall to 2.4% in 2023 from 4.7% in 2022, reflecting the impact of tighter financial conditions, persistent inflation, and subdued external demand. Growth in 2023 may be weaker still if there is an escalation of the war in Ukraine, further increases in food and energy prices, an accelerated tightening of monetary policy globally or in the region, or a sudden reversal of capital flows into the region.

Inflation surged in 2022, with large increases in food and fuel prices following Russia's invasion of Ukraine, building on an already large increase in 2021 as economies reopened after the COVID-19 pandemic. Inflation remains stubbornly high in the region. Core inflation--excluding food and fuel prices--is projected to remain elevated, and efforts to reduce it will take longer than most market participants and policy makers expect.

Tighter financial conditions will continue to weigh on private investment in most economies, with sustained core inflation pressures raising the possibility of additional policy rate hikes by major central banks. The risk-off environment that characterized most of 2022 has resulted in volatile market movements, generating an increasing risk of financial turmoil that has continued into 2023. Following substantial outlays of government support to protect households and firms from two back-to-back crises, fiscal consolidation will be a priority to restore fiscal space and rebuild fiscal buffers in most of the region.

Over the medium to long term, structural constraints amid an incomplete market transition in many countries, weak productivity, problematic education outcomes, limited innovation, and a rapidly aging population need to be addressed to help expand the region's productive capacity. The recent energy crisis presents an opportunity for the region to accelerate green transition goals. By enacting policies to support a steady and sensible transition away from a high dependence on fossil fuels, ECA countries can facilitate a reduction in the region's high energy intensity and ameliorate environmental degradation.

'Sapere aude'
by Oui (Oui) on Mon Jul 31st, 2023 at 05:06:04 PM EST
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