Skip to main content

Home/ IBEconomics/ Contents contributed and discussions participated by Tomomi Nakamura

Contents contributed and discussions participated by Tomomi Nakamura

Tomomi Nakamura

Economist urges Taiwan to depreciate currency to boost exports|Economy|News|W... - 1 views

  • depreciate its currency to boost its slumping exports
  • Taiwan's exports in the January-July period declined 5.8% from the same period a year earlier to US$171.6 billion, and the depreciation of the Taiwan dollar could help reverse that trend
  • Asked if such a depreciation would contribute to higher inflation in Taiwan, Hsu said the central bank could use interest rate adjustments to keep inflation at bay.
Tomomi Nakamura

Greek G.D.P. Fell 6.2 Percent in 2nd Quarter - NYTimes.com - 0 views

  • The nation’s gross domestic product slid 6.2 percent in the second quarter from a year earlier
  • unemployment rate in May reaching a record 23.1 percent
  • Antonis Samaras, the conservative prime minister of Greece, is seeking to deliver further austerity measures to free up more of the rescue funds provided by the so-called troika — the International Monetary Fund, European Union and European Central Bank — as part of a 130 billion euro ($160 billion) loan program
  • ...3 more annotations...
  • But many economists were skeptical that the heavily indebted Greek state can cut its way out of crippling recession.
  • in 2013, from 9.3 percent in 2011.
  • Officials in Athens agreed in March to cut the general government deficit to 7.3 percent of G.D.P. this year and to 4.6 percent
Tomomi Nakamura

Greeks pushed to work more to pay debt - CNN.com - 0 views

  • the greatest challenge for employers is not a lack of cheap labor but a shortage of demand for their products.
  • The latest Greek employment data shows that more than half of people under the age of 25 are out of work.
Tomomi Nakamura

BBC News - Australian jobs growth hits eight-year high - 0 views

  • Australia's jobs growth has hit an eight-year high after the economy added 38,900 jobs in May, far more than forecast.
    • Tomomi Nakamura
       
      Adding more jobs will help improve the unemployment rate, as there are more jobs available for the people.  This could lead to an economic growth.
  • The data follows better-than-forecast economic growth of 1.3% in the first quarter compared with the previous three months
  • In recent years, Australia's economic boom has been powered by the growing global demand for its natural resources
    • Tomomi Nakamura
       
      Natural resources are scarce resources, so there is always a high demand.  Australia could use those resources to gain money from other countries by selling them.
Tomomi Nakamura

Spain in eurozone crisis cross-hairs - CNN.com - 0 views

  • crisis
    • Tomomi Nakamura
       
      This suggests that the article will be about the economic (macro) problems which the eurozone has been going through. 
  • financial crisis
    • Tomomi Nakamura
       
      It is an issue about money, which relates to the GDP of the country.
  • borrowing costs
    • Tomomi Nakamura
       
      It may suggest problems with national debt or interest rates.
  • ...10 more annotations...
  • unemployment rates at devastating levels.
    • Tomomi Nakamura
       
      Low unemployment rate is one of the macroeconomic objectives.  However, the unemployment rate is very high, and that is not good for the economy.
  • bad investments
    • Tomomi Nakamura
       
      Investment is a factor that influences GDP in the equation AD=C+I+G+(X-M), and if there is bad investment, the I component will decrease, which will also decrease the GDP value.
  • When the economy collapsed in 2008, people lost their jobs -- and with them their homes.
    • Tomomi Nakamura
       
      When people lose jobs, it will increase the unemployment of that country.  Houses are the most valuable objects that a person owns, and if they lose their homes it will have a huge impact on their lives.
  • strengthening the banking sector.
    • Tomomi Nakamura
       
      They may be doing something to improve the economy's flow of money, debts, etc.
  • Spain also has an unemployment crisis, with more than half those under 24 out of work, and almost one in four people overall. Spain's jobless rate has helped pushed the eurozone's total unemployment rate to 11% -- its highest since the eurozone was created in 1999
    • Tomomi Nakamura
       
      High unemployment has bad influence to the economy of Spain, which could also have an effect on other countries of the eurozone.
  • The situation in Spain is developing like a "perfect storm," with money being pulled out of the country, despite the desperate need to stem capital flight and support its banking system.
    • Tomomi Nakamura
       
      Issues with the flow of money.  Leakage will lead to a decrease in economic growth.
  • This leaves Spain in a precarious financial state, driving investors away, pushing up its borrowing costs and making it more likely to need a bailout.
    • Tomomi Nakamura
       
      There will be less investment which will decrease GDP, and if the country needs to borrow more money, their debt will continue to increase.
  • money being pulled out of the country
  • The retirement age has been raised from 65 to 67, while public sector wages and welfare payments have been cut.
    • Tomomi Nakamura
       
      Raising the retirement age may decrease the number of people who are unemployed, but lowering the wages may be a disincentive to the workers.
  • Academics and financiers are also wading into the policy debate, with billionaire George Soros saying in a speech this month that the "wrong remedy" has been applied to the crisis. "You cannot reduce the debt burden by shrinking the economy, only by growing your way out of it," he said.
    • Tomomi Nakamura
       
      Shrinking the economy is not good, and that may cause more problems which will not help improve economic growth.
1 - 7 of 7
Showing 20 items per page