A Global Roundup via South Africa: Diane Swonk’s Special Safari Edition of …

CHICAGO, Jul 25, 2013 (BUSINESS WIRE) —
In the July issue of Themes on the Economy(R), Mesirow
Financial’s chief economist uses her recent safari experience as a
metaphor, paralleling the promises and risks in the global economy.
Diane Swonk notes, “Six of the world’s ten best performing economies are
in Africa, while seven of the ten most corrupt can also be found there.”
She calls Nigeria “a major challenger to South Africa’s dominance in the
region,” adding that “Oil is one factor but not the only one.” Elsewhere
on the continent, Swonk warns that the Arab Spring “could become an ice
age for Egypt and Tunisia.” To learn about the economic outlook for this
region plus the Americas, Europe and more, read
this month’s issue of Themes on the Economy(R).

Liberalization in Mexico’s oil industry could create more jobs in Texas
and sharpen American manufacturers’ competitive edge in the world
marketplace, with access to even cheaper fuel. Our economics team sees
Mexico replacing Brazil as the region’s most promising for other
reasons, too. “Mexico has moved forward on reforms. Wage costs in Mexico
have dropped below competitors’ in Asia, including China (once
productivity is taken into account).”

In Asia, after struggling with deflation for two decades, Swonk predicts
that “Japan will likely succeed in hitting its 2% inflation and growth
targets over the next two years” while China risks “breaking the social
contract the Communist Party has cut with the population” as growth
slows to 6%. For details, read
this month’s issue of Themes on the Economy(R). Archived
issues can be found at mesirowfinancial.com.

Mesirow Financial is a diversified financial services firm headquartered
in Chicago. Founded in 1937, it is an independent, employee-owned firm
with approximately 1,200 employees globally. With expertise in
Investment Management, Global Markets, Insurance Services and
Consulting, Mesirow Financial strives to meet the financial needs of
institutions, public sector entities, corporations and individuals. For
more information about Mesirow Financial, visit its website at mesirowfinancial.com.

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SOURCE: Mesirow Financial

        
        Mesirow Financial 
        Karen Nye, 312.595.7147
        

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