Weekly Outlook 11/03/2019 to 15/03/2019

Belt&Road Initiative: Italy leads the way

Italy is going to be the first G7 country to sign for the so called Belt&Road initiative, the Chinese plan of infrastructure investments to further physically connect China to the rest of the world. In spite of the European partners’ criticism, the Italian prime minister said “it is an opportunity to contribute by introducing new economic and environmental sustainability criteria and standards to the Chinese project, instead of being out of it”. While the Italy-China meeting has to be scheduled, the Italian prime minister makes it clear that it does not have to be seen as a deterioration of relationships with US: «The fact that we are comfortably in the Atlantic Alliance does not mean we cannot get more opportunities through economic and commercial choices like this one». We should hear more about that throughout the week.

Protests against the cyber-security bill in Russia

Russian government’s decision of isolating Russia’s internet service from the rest of the world for cyber-security manners has induced mass rallies in Moscow and in two other cities. The discussions we are going to witness this week will concern whether the Russian move hides any ulterior motive. Protesters are regarding it as an attempt to increase censorship and repress political dissidents.

Additional Information

[if !supportLists]● [endif]On Tuesday 12th, the UK Parliament will vote on Brexit. Such vote will be preparatory for the next, apparently decisive one, which is taking place on March 29th. May said: «we have had good progress, constructive discussion with the EU, and we will continue that work so that we can leave on the 29th of March with a deal».

[if !supportLists]● [endif]On Monday 11th, the BundesBank will release figures on the Harmonized Index of Consumer Prices. After the recent German GDP growth downturn, all eyes are on the country.

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