Economics IB Allen Perry

Officials at the Office for National Statistics said the underlying trend was still showing imports rising steadily and UK exports falling. The UK bought 2.6bn more goods from the rest of the world than it sold in February, down slightly from January's 2.7bn.

China's ruling Communist Party says it plans to make the country's tightly controlled currency, the yuan, freely traded by 2020. The announcement Tuesday came as the party released more details of decisions at a meeting last week on its latest five-year development plan.

Is the lower value of Chinese currency hurting U.S. consumers and businesses? As U.S. President Barack Obama and Chinese President Hu Jintao discussed this controversial issue on the sidelines of the nuclear summit in Washington on Tuesday, for weeks CNN readers have engaged in a spirited debate on the topic online.

Myanmar has announced it will curb the widespread use of US dollars by firms, to stabilise the tumbling domestic currency, the kyat. The central bank has revoked foreign exchange licenses from businesses ranging from hotels and restaurants to golf clubs and hospitals.

Trade protectionism could hurt global growth and undermine economic reforms in developing countries, the world's top three economic organisations have warned. The warning came in a letter signed by the leaders of the World Bank, International Monetary Fund (IMF) and World Trade Organisation (WTO) and sent to leaders of the world's major industrial nations, who were meeting in Paris.

Brazil raised tariffs on 100 sectors last October to defend is declining industrial base, with fees of up to 25pc on machinery, iron and steel, plastics, chemicals, paper and wood products. It is now pursuing a full-blown "industrial policy" under its Plano Brasil Maior, with tax concessions for those who build plant locally.

As the global economy continues to face tough times, governments are increasingly playing politics with trade and giving in to protectionism. Says who? Well, Chinese officials, as it happens. Earlier this year, China's top promoter of foreign trade, Wan Jifei, said rising protectionism was having a negative impact.

Fiscal Policy and the EU's Economy

This article is about US 's economic growth which is mentioned as below the economists' expectations.

This is a very insightful article that talks about the professions that will stick out or activities that will boom the participator's bank account in the upcoming near future of the growing USA economy.

I'm back - and, as you can see from the time of posting, jet-lagged up the wazoo. Also, now I have to deal with matters parental, which means very limited blogging for a while. But I did want to say something about President Obama's new climate initiative - which has, by the way, received weirdly little coverage.

By any standard, the global war on drugs has been an abject failure. Since the "war" was declared by President Richard Nixon in 1971, we have spent over £1tn trying to eradicate drugs from our societies. Yet the criminal market continues to grow, driving unimaginable levels of profit for organised crime.

This article talks about how AD interferes with respect to AS and causes "disorder". It is interesting how we can blame one of the two for the falling world economy

CALGARY, ALBERTA, Mar 02, 2015 (Marketwired via COMTEX) -- TransCanada Corporation (TRP) (TransCanada) today announced that it has completed its public offering of cumulative redeemable first preferred shares, series 11 (the "Series 11 Preferred Shares"). TransCanada issued 10 million Series 11 Preferred Shares for aggregate gross proceeds of $250 million through a syndicate of underwriters co-led by Scotiabank and RBC Capital Markets.

Nearly five years since the recession ended in June 2009, economic policy discussions continue to focus on dubious short-term countercyclical measures to "stimulate demand." The Economic Report of the President for 2014 wastes an entire chapter rehashing the jobs supposedly "saved or created" by the 2009 fiscal stimulus and Federal Reserve easing.

THE oil price has fallen by more than 40% since June, when it was $115 a barrel. It is now below $70. Discusses how prices, business confidence and investment can affect the AD/AS curves for Oil

This article by CNN is an interesting one that focuses particularly how oil prices will hit 55 Dollars after the 100 dollars of price levels in September. The article is an interesting approach to AD/AS balance and how this conflict will be likely to resolve.

More than four years since the Great Recession ended in June 2009, the unemployment rate is 7.3%, a big improvement from the high of 10% in the fall of 2009. Unfortunately, the rate is hugely misleading: Most of that improvement was for all the wrong reasons. This is an article that focuses on the unemployment rates in USA since the 2009 Recession. By reading this article many can be learnt about why the unemployment rates are such or how healthy the labor market of USA is.

RAMALLAH, February 22, 2015 (WAFA) - The West Bank overall economy has witnessed a decline in aggregate demand for the second consecutive month, mainly due to partial payment of public sector salaries, due to Israel's withholding of clearance revenues, according to the Palestine Monetary Authority (PMA).

Business Cycle is the fluctuation in economic activity over time and is characterized by four distinct phases- recovery, growth, decline and recession.