EM partying like 1998 & Pettifor on Europe
S&P has downgraded China’s outlook from stable to negative plus the first round of migrants in Europe are being forced to return under a new EU-Turkey deal. Ameera David reports and then sits down with Pavlina Tcherneva – research scholar at the Levy Economics Institute and associate professor of economics at Bard College – to talk about how realistic Sanders’ economic plan is. RT correspondent Marina Portnaya breaks down a new study that shows low income Americans can no longer afford rent, food and transportation.
After the break, Ann Pettifor, economist and director of Prime Economics, comments on recent trends in both the UK and eurozone economies. And in the Big Deal, Ameera and Edward discuss how skepticism is still warranted when considering emerging markets.