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News & Notes

Notes on headlines and reports

Cheap gas behind six percent increase in US manufacture exports

In its latest World Economic Outlook, the IMF estimates that the US economy has derived a six percent annual increase in the export of manufactured goods from the lower price of American natural gas alone. The price of natural gas in the US has fallen significantly below prices in Europe and Asia over the last several years. 

In Germany, with its strongly export-oriented economy, the competitive advantage currently enjoyed by American industry has been the object of much public discussion, but this has generally remained on the abstract level. The IMF’s six percent figure now indicates a very real surge by the US.

»THE CRISIS IN THE CONCEPT OF THE

WORLD ORDER (IS) THE ULTIMATE

INTERNATIONAL PROBLEM OF OUR DAYS.«

Henry Kissinger,„World Order“, August 2014