this article shows how Ethiopia acquired a double digit growth in recent years. it explain the significance of policy changes in the growth of the economy.
The business lobbying group said its growth indicator showed the economy hit an eight-month low in March after hitting record levels in February. However, the study of 622 business across the manufacturing, retail and service industries showed growth remained strong and above average as the UK economy continues to be revived.
Indonesia's economy is reporting the slowest growth rate in 4 years. While in the previous years the GDP increased by over 6 % this year the economy only grew by 5.78 percent. Apparently are declines in the import of raw materials and machinery, and the Indonesian central bank raised its benchmark 5 times to account for their current deficit of 10 billion.
New Zealand is "vulnerable" to a fall in house prices, which could be triggered by an overseas financial shock, Reserve Bank deputy governor Grant Spencer says.
"If the growth in demand continues to exceed the growth in housing supply, house prices will become increasingly vulnerable to a sharp correction, which could be prompted by, say, a global financial shock," Spencer said.
Business growth in the eurozone eased this month but the bloc's economy continued to expand at a "robust pace", a closely watched survey suggests. The latest Markit eurozone composite purchasing managers' index (PMI) dipped to 52.7 from 52.9 in January. A figure above 50 indicates expansion.
This article talks about how economic growth on its own is not sufficient enough to battle extreme poverty. The world bank stresses that we need to reduce poverty, at a rate of 50 million a year until 2030. As we know fiscal policies can be used to stimulate growth but this is not the only use. We can also use them to redistribute income, which is necessary in this case. Further more monetary policy is not good enough in tackling these issues directly. Dedicated government spending and tax cuts on the poor are far better fiscal policies to deal with the issue.
This talks about why the policy makers, despite awareness of global warning, are not acting to harm the oil industry - The oil industry seems to have a possitive effect on employment and economic growth.
The following article talks about how China has loosened its one baby policy, in order to face the growing problem of a rapidly aging population and slowing economic growth. However many young couples are not taking advantage of this new policy due to the rapidly rising costs of living in China.
Bruce Bartlett held senior policy roles in the Reagan and George H.W. Bush administrations and served on the staffs of Representatives Jack Kemp and Ron Paul. Perspectives from expert contributors. With the debt limit debate temporarily set aside, the Obama administration is talking about finding some way to create jobs and stimulate growth.
"As the country launches itself on a higher growth trajectory but with rising unemployment, a report says that unemployability is a bigger crisis than unemployment."
LONDON Nov 7 (Reuters) - Britain's goods trade deficit widened by more than expected in September, hit by a jump in oil imports and by weak export growth to the European Union, official data showed on Friday.
This article paints a very clear picture about Britain's ever increasing manufacturing crisis. Britain has becomes a consumer nation, with little being produced that could reduce the current account deficit. The figures in the article show a continued increase in deficit which will have to lead to more borrowing to bridge the gap. To me this suggests that more has to be done to increase the balance of trade in goods through manufacturing and high end exports in goods.