Michael Every is the Head of Financial Markets Research Asia-Pacific. Based in Hong Kong, he analyses the major developments in the Asia-Pacific region and contributes to the bank’s various economic research publications for internal and external customers and to the media.
Michael has nearly two decades of experience working as an Economist and Strategist. Before Rabobank, he was a Director at Silk Road Associates, a strategy consultancy based in Bangkok. Prior to this, he was Senior Economist and Fixed Income Strategist at the Royal Bank of Canada based in both London and Sydney. Michael was formerly also an Economist for Dun & Bradstreet in London, covering ASEAN.
Michael holds a Masters degree in Economics (with distinction) from University College London and speaks Thai.
Special
Het investeringsverdrag tussen de EU en China zou op papier meer toegang voor EU-bedrijven moeten bieden tot China en een gelijker speelveld creëren. In de praktijk loopt het risico om een mislukking te worden voor de EU.
Special
The EU-China Comprehensive Agreement on Investment (CAI) should improve EU companies’ access to China and ‘level’ the playing field. However, its commitments are ‘weak’ and the envisaged dispute resolution mechanism lacks teeth.
Economic Report
On November 15th, the Regional Comprehensive Economic Partnership (RCEP) was signed, but India decided to opt out. Many consider this a policy mistake, but we argue that India’s choice is actually quite rational.
Special
This Special forecasts the world order of 2030. We shows how past world orders collapsed due to weakening hegemonic power and project to 2030 show while the US will likely remain top dog, our world order will again be far more fragmented overall.
Economic Report
Against the backdrop of a crippled economy and rising debt metrics, policymakers around the globe are adopting or considering unconventional monetary policy to solve the current state of emergency. For some countries, such as India, this would be a bad idea. We show that a major MMT fiscal package could push inflation up to 12% and the currency down by 25%.
Column
De roep om de geldpers aan te zetten om overheidsuitgaven te financieren is door de coronacrisis steeds luider geworden. Maar dat is een slecht plan als je structureel financieel afhankelijk bent van het buitenland.
Economic Report
De roep om de geldpers aan te zetten om overheidsuitgaven te financieren is door de coronacrisis steeds luider geworden. Dit is voor veel landen riskant, omdat het kan leiden tot hoge inflatie en een ernstige verzwakking van de munt.
Special
Can we just print extra money to tackle the corona crisis? We conclude that only seven (!) countries in the world meet our proposed MMT criteria: leaving aside the US, these countries need the rare combination of a sovereign currency, simultaneous fiscal deficit and current account surplus, plus good governance.
Special
We have revised our economic forecasts and expect the global economy to contract by 2.6% in 2020. How quickly the economy recovers after the coronavirus crisis depends on how fast people get back to work and whether productivity growth is permanently damaged.
Special
We have changed our base case and now expect a recession in virtually all G10 countries, which will lead world economic growth to slow to 0.7% for 2020, the weakest this figure has been since the great financial crisis of 2008/2009.