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Mariam P

China sets 7.5% GDP target - 0 views

money.cnn.com/...china-gdp

macroeconomics activity

shared by Mariam P on 09 Mar 14 - No Cached
  • Mariam P on 09 Mar 14
     
    This article is about the GDP of China. The government is trying to keep the GDP unchanged from last year. In 2013 it was 7.7%. But now, there are some challenges facing the economy in China.
Haydn W

Ukraine Uncertainty Depressing Growth and Investment | The Moscow Times - 5 views

www.themoscowtimes.com/...495734.html

Macroeconomic Activity Moscow Times Ukraine Russia

shared by Haydn W on 08 Mar 14 - No Cached
  • As world leaders increase or trash their political clout depending on their audience and the statements they make about the situation in the Ukraine, some analysts were revising Russian GDP growth estimates to as low as 1.1 percent for the year.
  • Wednesday was a calmer day on the stock markets, following a dip of 10.8 percent Monday morning that vaporized near $60 billion of valuation from Russian companies.
  • Although Russia has seen some short-term budget benefits from ruble devaluation and increasing oil prices, the current impasse is not helping to fight stagnation or attract investment.
  • ...6 more annotations...
  • The ruble strengthened slightly to 36 against the dollar and 49.4 against the euro Wednesday evening. This was well above the lows reached on Monday
  • Tightening fiscal policy was topped by possibly impending U.S. sanctions, including economic ones, followed by President Vladimir Putin's claims that Russia may use force in Ukraine if necessary.
  • The heap of these latest events has caused some analysts to revise their overall economy forecasts.
  • PSB Research said Wednesday it would decrease its initially modest GDP growth estimates for the year from the range of 1.5 to 1.8 percent to 1.1 to 1.3 percent.
  • Political standoff will also further stimulate the outflow of capital, Fedotkova said, as investors are reluctant to channel their money into the country that may be possibly involved in any kind of military activity
  • As for businesses, a recent survey done by the Gaidar Institute suggests that more than a third of CEOs and owners of private companies would consider investing in production this year if the price for equipment went down and if the macroeconomic outlook were more certain, Vedomosti reported Monday. At the same time macroeconomic uncertainty was a headache for only 10 percent of surveyed state-controlled companies. No margin of error was given for the survey.
  • Haydn W on 08 Mar 14
     
    This article explains how the recent stand-off crisis in Ukraine is having a negative effect on the Russian economy, with the Rouble taking a further fall and GDP growth estimates being revised downwards. Predictably sanctions imposed by the west on Russia in response to the occupation of Crimea, an autonomous region of Ukraine populated largely by ethnic Russians, have affected businesses in Russia. We learn from the article that some $60 billion valuation has been lost by Russian companies in light of the tensions. This article relates to the macroeconomic concept of circular flow being a complex process with international trade and governments being involved majorly in proceedings.
Daniel B

Britain's GDP Figures - 1 views

www.economist.com/...britains-gdp-figures

macroeconomic activity

shared by Daniel B on 09 Mar 14 - No Cached
  • Daniel B on 09 Mar 14
     
    the article shows the pace of growth of Britain's economy based on GDP in different period of time.
Marenne M

Dutch Economy Emerging From Two-Year Recession - WSJ.com - 1 views

online.wsj.com/...702304815004579418580231847454

macroeconomic activity

shared by Marenne M on 11 Mar 14 - No Cached
  • he Dutch economy is emerging from a two-year long recession
  • The country's gross domestic product will expand by 0.75% in 2014, slightly higher than a previous forecast of 0.5% growth
  • The economy will grow by 1.25% in 2015, it added
  • ...4 more annotations...
  • CPB said the government's budget shortfall will narrow to 2.9% of GDP in 2014 and 2.1% in 2015
  • it was hit by the sovereign debt crisis in the euro zone and deep problems at home
  • A slump in the housing market has hit highly indebted households
  • he recovery will largely be driven by a pickup in exports as a result of the improving global and European economy
  • Marenne M on 11 Mar 14
     
    This article discusses how the Netherlands are finally picking up after a 2 year long recession. One of the main problems during the recession was that the Dutch citizens became afraid to spend money because they were unsure of their financial state in the near future. This caused a sort of glitch in the macroeconomic cycle of Holland, because people stopped spending and the companies stopped making as much income, therefore people got fired, and the cycle continues on. The economy in Holland is finally picking up and the GDP is said to rise by 0.75% this year.
Clemente F

Italy GDP - 0 views

www.tradingeconomics.com/...gdp

Macroeconomic activity

shared by Clemente F on 11 Mar 14 - No Cached
  • Clemente F on 11 Mar 14
     
    This article discusses the italian GDP.
Haydn W

South Africa at 20: Storms behind the rainbow - Opinion - Al Jazeera English - 1 views

www.aljazeera.com/...-behi-2014320155339545752.html

Aggregate Supply South Africa GDP Mandela

shared by Haydn W on 30 Mar 14 - No Cached
  • April 27 marks the 20th anniversary of South Africa's first democratic elections.
  • Many things have improved in South Africa since 1994, to be sure. State racism has ended, and the country now boasts what some have described as the most progressive constitution in the world. People have rights, and they know that there are institutions designed to protect and uphold those rights. Still, everyday life for most South Africans remains a struggle - a struggle that is infinitely compounded by the sense of disappointment that accompanies it, given the gap between the expectations of liberation and the state of abjection that the majority continues to inhabit.
  • South Africa's unemployment rate in 1994 was 13 percent - so bad that most were convinced it could only get better. Yet today it is double that, at about 25 percent.
  • ...15 more annotations...
  • And that's according to official statistics; a more reasonable figure, according to most analysts, is probably closer to 37 percent. The situation is particularly bad for young people. The Economist recently reported that "half of South Africans under 24 looking for work have none. Of those who have jobs, a third earn less than $2 a day."
  • South Africa also boasts a reputation for being one of the most unequal countries in the world. Not only has aggregate income inequality worsened since the end of apartheid, income inequality between racial groups has worsened as well.
  • According to the 2011 census, black households earn only 16 percent of that which white households earn. About 62 percent of all black people live below the poverty line, while in the rural areas of the former homelands this figure rises to a shocking 79 percent.
  • The ANC's Black Economic Empowerment programme has succeeded in minting new black millionaires (South Africa has 7,800 of them now), but can't seem to manage the much more basic goal of eliminating poverty.
  • during the negotiated transition of the 1980s and early 1990s. The apartheid National Party was determined that the transition would not undermine key corporate interests in South Africa, specifically finance and mining. They were willing to bargain away political power so long as they could retain control over the economy. And so they did.
  • The ANC was forced to retreat from its position on nationalisation and an IMF deal signed just before the transition deregulated the financial sector and clamped down on wage increases.
  • Still, when the ANC assumed power in 1994 it implemented a progressive policy initiative known as the Reconstruction and Development Programme (RDP). The RDP was designed to promote equitable development and poverty reduction
  • Despite its successes, this policy framework was abandoned a mere two years later. Mbeki and then Finance Minister Trevor Manuel held clandestine discussions with World Bank advisors toward drafting a new economic policy known as GEAR (Growth, Employment, and Redistribution, even though it accomplished precious little of the latter).
  • Given these contradictions, it's no wonder that South Africa is ablaze with discontent, earning it the title of "protest capital of the world".
  • Early this year some 3,000 protests occurred over a 90-day period, involving more than a million people. South Africans are taking to the streets, as they give up on electoral politics. This is particularly true for the young: Nearly 75 percent of voters aged 20-29 did not participate in the 2011 local elections.
  • The government's response has been a mix of police repression - including the recent massacre of 44 striking miners at Marikana - and the continued rollout of welfare grants, which now provide a vital lifeline to some 15 million people.
  • So far the protests have been focused on issues like access to housing, water, electricity, and other basic services, but it won't be long before they coalesce into something much more powerful
  • as they did during the last decade of apartheid. There are already signs that this is beginning to happen. The Economic Freedom Fighters, recently founded by Julius Malema, the unsavory former leader of the ANC Youth League, is successfully mobilising discontented youth and making a strong push to nationalise the mines and the banks.
  • It seems that the ANC's legitimacy is beginning to unravel and consent among the governed has begun to thin. It is still too early to tell, but the death of Mandela may further widen this crack in the edifice of the ruling regime, as the ANC scrambles to shore up its symbolic connection to the liberation struggle.
  • In short, the situation in South Africa over the past 20 years opens up interesting questions about the meaning of democracy. What is democracy if it doesn't allow people to determine their own economic destiny or benefit from the vast wealth of the commons? What is freedom if it serves only the capital interests of the country's elite? The revolution that brought us the end of apartheid has accomplished a great deal, to be sure, but it has not yet reached its goal. Liberation is not yet at hand.
  • Haydn W on 30 Mar 14
     
    From Al Jazeera I chose this article about the poor state of the economy in South Africa, 20 years after Nelson Mandela and the ANC came to power, ending the system of political, social and economic segregation, Apartheid. Despite reforms in the 90's the majority of wealth and power is still held by rich whites. With around 30% unemployment rate and young people struggling to find work many feel only anger and resentment to the current ANC government led by Jacob Zuma. Economically speaking South Africa's imports are up and exports down, reducing GDP as AS is shifted left. This is especially evident in industries like mining and banking which many are now calling for to be nationalised. 20 years on from Nelson Mandela's historic victory in the 1994 general election, South Africa, despite being free of the shackles of segregation is not in the boom many predict. The ANC must be careful in there actions, should they, following the death of Madiba lose contact with his legacy and what he stood for.
Hardy Hewson

Foreign trade drives fourth quarter German growth as domestic demand disappoints - 1 views

www.reuters.com/...many-gdp-idUSBREA1O0AY20140225

aggregate demand Germany exports foreign trade fourth sector

shared by Hardy Hewson on 11 Mar 14 - No Cached
  • Fiete M on 11 Mar 14
     
    This article discusses Germany's GDP in detail
  • Hardy Hewson on 24 Mar 14
     
    The attached article compares and contrasts the contribution made to aggregate demand by varying foreign and domestic demand. It states, that despite relative increases in demand overall (especially in public opinion), domestic demand figures are still low. Instead, foreign trade appears to make up the majority of aggregate demand in the overall economy.
Marenne M

Rice Subsidy in Thailand causes Debt - 0 views

blogs.wsj.com/...hailands-costly-rice-subsidies

subsidy

shared by Marenne M on 12 Nov 13 - No Cached
  • drop its multibillion-dollar rice subsidy program and scale back
  • make room for spending on projects that enhance growth
  • stimulate spending in rural areas and support Thai farmers
  • ...12 more annotations...
  • government buys rice from local farmers for a set price above market rates
  • “It is inevitable for the government to incur losses as long as the scheme remains unchanged,” the IMF said.
  • The subsidy program left Ms. Yingluck’s administration with a big bill and millions of tons of unsold rice
  • egan buying rice at premiums of 35%-50% above market rates
  • isplacing Thailand from its perch as the world’s biggest rice exporter
  • eopardize a government commitment to balance the budget by 2017 and keep public debt below 50% of GDP
  • Thai authorities said the subsidy aims to address economic inequality and help poor farmers improve productivity
  • suggested that a reduction in the pledging prices or limits on the amount of purchase might be needed to ensure the sustainability of the policy
  • For the third subsidy year, which began last month, the government made some minor moves to scale back the subsidy
  • ay around $8.6 billion on the subsidy for 2013-‘14
  • hat losses from the subsidy could threaten Thailand’s credit rating
  • 5 million tons of rice in its stockpiles
  • Marenne M on 12 Nov 13
     
    This article describes how the government is trying to stimulate the rice market in Thailand by buying rice and placing subsidies on it. These major investments, however, are causing debt for the government, and prevent the government from investing in other projects.
Daniel Soto Aggard

South Korea Increases its Terms of Trade - 1 views

www.globalpost.com/...terms-trade-rise-3rd-month-nov

terms of trade south korea

shared by Daniel Soto Aggard on 18 Jan 15 - No Cached
  • Daniel Soto Aggard on 18 Jan 15
     
    This article concerns South Korea and its increase in the terms of trade due to the cheaper oil prices. Its import price have fallen steeply compared to its export. Affecting the county's GDP and economic growth.
Haydn W

Will ′Modinomics′ help boost India′s development? | Asia | DW.DE | 12.01.2015 - 1 views

www.dw.de/...a-18185326

Economic Development India DW

shared by Haydn W on 10 Feb 15 - No Cached
  • Will 'Modinomics' help boost India's development?
  • In a bid to transform India's economy, PM Narendra Modi has pledged unlimited reforms at a summit in Gujarat.
  • Indian PM Narendra Modi pledged to slash red tape and banish India's reputation as a hard place to do business. Modi spoke of his plans to lift hundreds of millions of Indians out of poverty, including the opening of more than 100 million bank accounts
  • ...3 more annotations...
  • More than six months into Modi's rule, India's economic growth remains sluggish, with GDP expanding at an average of 5.2 percent in the first three quarters of 2014.
  • Kerry told the summit the United States looks forward to stronger trade and diplomatic ties with India. Kerry's visit to the South Asian nation, his second in six months, comes just a few weeks before US President Barack Obama is due in New Delhi for talks.
  • Rajiv Biswas, Asia-Pacific Chief Economist at the analytics firm IHS, says that while replicating the Gujarat model across a large and politically disparate country such as India will be difficult, PM Modi's management style is likely to accelerate economic development in significant parts of India, particularly in states where his Bharatiya Janata Party (BJP) holds state government.
  • Haydn W on 10 Feb 15
     
    This interview details the style of policy making to promote growth initated by Narendra Modi, the Indian Prime Minister. Economic growth and development is arguably the most important area of policy in India and will be a huge focal point of any international discussions centered around the region.
Daniel Soto Aggard

Colorado Springs economic development: Moving forward in 2015 - 0 views

gazette.com/...1545958

economic development Colorado Fail

shared by Daniel Soto Aggard on 08 Feb 15 - No Cached
  • Daniel Soto Aggard on 08 Feb 15
     
    Colorado Springs Economic Development Corporation has been seeing a lack of economic development in the past year of 2014. This corporation hasn't achieved their goals of creating 2000 jobs. However they're not even halfway there. For this corporation to increase economic development within the are of economic development, more people must be employed in order to increase the output and therefore the GDP
Haydn W

IMF warns UK of lingering housing and mortgage market risks - Business News - Business ... - 3 views

www.standard.co.uk/...gage-market-risks-9780019.html

Supply-Side London UK Housing

shared by Haydn W on 07 Oct 14 - No Cached
  • IMF warns UK of lingering housing and mortgage market risks
  • The UK faces lingering risks from housing and mortgage markets despite remaining on track for the fastest growth among the world’s leading economies this year, the International Monetary Fund said today.
  • has pencilled in growth of 3.2% this year — unchanged from its last July update despite a slew of downgrades for several members of the stagnating eurozone.
  • ...8 more annotations...
  • This is the highest rate forecast among advanced economies, although the IMF has trimmed global forecasts amid fears over a “weak and uneven” recovery in Europe and parts of Asia.
  • The body, led by Christine Lagarde, said the “US and the UK in particular are leaving the financial crisis behind”
  • The Bank of England has identified the housing market as a “blinking warning light” on the economy’s dashboard following the introduction of the Help to Buy scheme last year
  • In June it introduced limits on high loan-to-income home loans to prevent borrowers over-extending themselves, while tighter mortgage lending criteria are slowing runaway prices.
  • The Bank’s latest credit conditions survey found a “significant” fall in the availability of home loans in the past three months after eight successive quarters of expansion.
  • The IMF also warned that more measures such as tax incentives and freeing up land were necessary to improve the rate of housebuilding and keep a lid on runaway house prices.
  • “Supply-side measures are crucial to safeguard housing affordability and mitigate financial stability risks,” it added.
  • Household debt levels remain high at 140% of GDP and, if the Bank’s limits on the lending market fail to gain traction, it may be forced to raise interest rates instead
  • Haydn W on 07 Oct 14
     
    This article from the London Evening Standard details how the IMF have warned the UK government over remaining household debt and the dangers it poses to the economy. The IMF have also called for 'supply side measures... to safeguard housing affordability' - a growing problem in both London and the UK as a whole.
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