Country Profiles

Formally named the Islamic Republic of Iran and historically referred to as Persia, Iran is flashing red on a set of key business cycle indicators. Clearly, the Middle Eastern economy is mired in recession. Case in point: Iran’s Gross Domestic Product (GDP) performance on a Purchasing Power Parity (PPP) basis slipped by -7.8% at October 2019 compared to one year earlier. GDP … [Read more...] about Iran Business Cycle Indicators Report

France’s business cycle indicators are ominously mixed as 2019 comes to an end, with its prime interest rate as low as it can go without being negative. As for its bottom-line Gross Domestic Product (GDP) performance on a Purchasing Power Parity (PPP) basis, the French Republic showed annual growth of 3.1% at October 2019. Economic downturns historically happen within roughly 8 … [Read more...] about France Business Cycle Indicators Report

One of Russia’s most important business cycle indicators, interest rates, were cut by a half percentage point at year end 2019. But don’t let the easing monetary policy fool you. Other critical economic signals show that the Russian Federation is also exhibiting dangerous economic bubbles that are trending into dangerous territory. Based on history, downturns typically happen … [Read more...] about Russia Business Cycle Indicators Report