Group items tagged

In this op-ed piece, the suitability of GDP to measure well-being is evaluated and criticized. It takes into account the role and importance of HDI, and possible replacements of GDP.

This article details how the economy in Pakistan is showing signs of improvement. The level of economic activity has increased, especially due to reforms in the electricity sector (problems with load shedding have been resolved). The GDP has had better than expected growth, which brings about a positive outlook for the country's economy.

This article talks about how the growth rate of the UK GDP was 1.7% last year, compared to the estimate of 1.8%. This year is expected to be good, with businesses opening with a positive mood.

This articles talks about how there has been a growth in the US economy. The GDP has risen by 2.5%. This is due to exports, consumer expenditure and real estate spending. They exported more than they imported, since imports are leakages and exports are injections this helped boost their economy as the injections were greater than the leakages.

Economic growth: Men work at a construction site on Jl. Pramuka in East Jakarta on Wednesday. The Central Statistics Agency (BPS) announced the domestic economy grew 5.62 percent in the third quarter of 2013, the slowest since 2009.

This article discusses how India is on the road to an increased economic growth rate, which however is not in tune with the plans of economic politicians. The article discusses how the economy's potential growth has played a crucial role in this.

This article discusses the difficulty in assigning an actual measure of economic development for economists. While they are able to work with numerous statistical comparisons such as GDP, these do not provide a full view of the economic standing of an economy (The GDP, for example, does not include assets). This makes it difficult to measure economic development.

This article talks about the real growth and the nominal growth that is expected in Dubai for 2014. While this is not a good IA article as it explains quite a lot of what is going on. However, I though that especially for the start of macroeconomics it is useful to have something that actually does explain the situation.

Breaks down the understanding of the Chinese Economy based on three parts: its supply, demand, and credits. It outlines the types of supply, demand, and different types of credit that China's economy depends on. Along with it's reliance on investments. An interesting fact is that last year, output of services made for 46% of the GDP in China.

This article shows how economic activity of certain countries like Japan and the U.S., are rising to the levels before the recession of 2008. According to the Organization for Economic Co-operation and Development this an improvement. The economic activity of other countries like China, Russia, and India are also shown.

This article discusses the monetary management of the central bank of Oman with respect to Balance of payments, savings and investment and Islamic banking. It accosts the three factors that cause the AD-Curve to be downward sloping and explains how the CBO aims to promote AD while keeping inflation stable.

This article outlines the surprising economic growth experienced in Germany in the fourth quarter of 2013. This is in the face of lower consumer expenditure, and analysts instead attribute it to a steadiness in government expenditure and an increase in investment, resulting in an overall increase in injections. Analysts are optimistic that this indicates a future growth burst for 2014.

This whole article is just a review of what was said by an economist. The part I found especially important is towards the end of the first page, where he talks about how aggregate supply is sometime undervalued. The Commerce Department generally does not report on the aggregate supply, but rather they focus on aggregate demand. For the aggregate supply. the work actually needs to get done for it to happen. The work being labour and productivity.

This article talks about how the U.S. is doing in the business cycle. Apparently they are still in the recovery mode and GDP levels are not as strong as expected. Companies are also not hiring as much people because their confidence in a consistent economy is still shallow.

Theis article talks about how Federal Reserve Chairman Ben Bernanke believes aggregate demand, not supply, is the reason of economic restraint and unemployment. For aggregate supply, economic activity, and GDP to increase, he believes that aggregate demands need to increase as well for the unemployed to produce these effects.

This article talks about the official data of the unemployment rate and the inflation rate within the eurozone. The low and stable inflation and unemployment being near 12% causes concern about a decreased GDP, as experts fear a deflation would defer consumption and investment.

China's cheap currency and its large current-account surplus are big controversies in global economics. This article discusses how American policymakers accuse China of manipulating its currency for competitive gain. It peaked at over 10% of GDP in 2007.

This article discusses different metrics, including GDP, as a measure of human development. It also criticizes studies that measure "happiness" as a form of statistical analysis of development. It states that happiness tended to vary widely even within the same income group, and so it is relatively unhelpful for forming conclusions.

This article discusses Greek's overwhelming debt load, and anti-austerity sentiments in voters. Greek currently has the second largest debt burden as a percentage of GDP of all developed countries in the world, after Japan. Furthermore, Greece currently has an unemployment rate of 25 percent.