Topic filter : Economic Growth

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....Mnuchin and Cohn were pressed on how Trump would benefit from the proposals, but they avoided the questions. “What this is about is creating job and economic growth,” Mnuchin said. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 06:35:17 PM
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.... For the first time last year, 100% of its election spending backed Republican candidates. Holmes said: “Our endorsements are made by a lawmaker’s scorecard, and their views on the issues that are important to our membership and the American business community, based on economic growth and job creation. ... [Read full article on Guardian ]
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. The Trump administration has proposed slashing the rate of corporation tax with the aim of spurring economic growth, the Treasury Secretary said. ... [Read full article on BBC ]
Wednesday 26th of April 2017 12:20:53 PM
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.... . Egypt's already-large population is expanding rapidly, and economic growth is not keeping pace. ... [Read full article on BBC ]
Wednesday 26th of April 2017 11:12:43 PM
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....5tn over 10 years. Scott Greenberg, a policy analyst at the conservative Tax Foundation, explained the rationale behind the administration’s assertion on Wednesday that the new lower business tax in Trump’s plan was aimed at stimulating economic growth. ... [Read full article on Guardian ]
Thursday 27th of April 2017 01:33:58 PM
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.... Economists do not expect the general election to change the economic outlook for this year – assuming the Conservatives are re-elected with an increased majority. Consumer spending has been strong and the main driver of UK economic growth, but economic surveys and the latest retail sales figures suggest spending started cooling markedly at the beginning of this year as shoppers felt the pinch from rising prices. ... [Read full article on Guardian ]
Monday 24th of April 2017 06:00:04 AM
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.... . The ECB cut its main interest rate to zero last year to try to stimulate economic growth and avoid deflation or falling prices. ... [Read full article on BBC ]
Thursday 27th of April 2017 12:21:29 PM
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...." . Separate figures from France showed that the country's economic growth rate slowed in the first three months of the year. ... [Read full article on BBC ]
Friday 28th of April 2017 10:13:23 AM
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.... Theresa May has said the government’s planned industrial strategy will help the “left behind” parts of the country, while Labour has also called for action to regenerate the regions. The TUC general secretary, Frances O’Grady, said: “This analysis shows that, with London and the south-east dominating economic growth, too many people are missing out on the chance of a decent job just because of where they live. ... [Read full article on Guardian ]
Friday 28th of April 2017 06:44:57 AM
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.... China's corporate tax rate is 20%, but some firms and industries there face a 15% rate. The president says it will spur economic growth by encouraging spending and investment. ... [Read full article on BBC ]
Wednesday 26th of April 2017 03:35:41 PM
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....5% in 2016. Consumers have been the main driver of UK economic growth since the financial crisis but there are mounting signs that the appetite for spending is beginning to wane. ... [Read full article on Guardian ]
Friday 28th of April 2017 07:15:39 AM
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....Similarly, electrification, automation, software, and, most recently, robotics have all brought major gains in manufacturing productivity. My colleague Larry Lau and I estimate that technical change is responsible for roughly half the economic growth of the G7 economies in recent decades. ... [Read full article on Guardian ]
Monday 24th of April 2017 01:03:36 PM
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....Government borrowing fell to the lowest level since the financial crisis in the year to the end of March as the economy proved more resilient than expected in the aftermath of the Brexit vote. Borrowing fell by £20bn to £52bn in the 2016-17 financial year after economic growth helped drive tax receipts higher, narrowing the gap between what the government spends and earns. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 10:39:40 AM
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....The downbeat tone of the poll chimes with signs the economy has lost momentum in recent months as the post-referendum resilience in consumer spending wanes. Official figures on Friday morning are expected to show UK economic growth slowed markedly in the first quarter of this year. ... [Read full article on Guardian ]
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Latest Finance News related to Economic Growth

Eurozone inflation picks up to 1.9% image
Source : BBC [Read Article] Friday 28th of April 2017 10:13:23 AM
...." . Separate figures from France showed that the country's economic growth rate slowed in the first three months of the year. ...
UK house prices fall again in April as buyers feel the pinch image
Source : Guardian [Read Article] Friday 28th of April 2017 07:15:39 AM
....5% in 2016. Consumers have been the main driver of UK economic growth since the financial crisis but there are mounting signs that the appetite for spending is beginning to wane. ...
UK economy is being sucked into London and south-east, says TUC image
Source : Guardian [Read Article] Friday 28th of April 2017 06:44:57 AM
.... Theresa May has said the government’s planned industrial strategy will help the “left behind” parts of the country, while Labour has also called for action to regenerate the regions. The TUC general secretary, Frances O’Grady, said: “This analysis shows that, with London and the south-east dominating economic growth, too many people are missing out on the chance of a decent job just because of where they live. ...
British consumers' confidence slumps as inflation grows image
Source : Guardian [Read Article] Friday 28th of April 2017 06:01:03 AM
....The downbeat tone of the poll chimes with signs the economy has lost momentum in recent months as the post-referendum resilience in consumer spending wanes. Official figures on Friday morning are expected to show UK economic growth slowed markedly in the first quarter of this year. ...
​Trump tax plan could save him millions under guise of helping small businesses image
....5tn over 10 years. Scott Greenberg, a policy analyst at the conservative Tax Foundation, explained the rationale behind the administration’s assertion on Wednesday that the new lower business tax in Trump’s plan was aimed at stimulating economic growth. ...
Eurozone recovery gathering pace, says Draghi image
Source : BBC [Read Article] Thursday 27th of April 2017 12:21:29 PM
.... . The ECB cut its main interest rate to zero last year to try to stimulate economic growth and avoid deflation or falling prices. ...
Job opportunities image
Source : BBC [Read Article] Wednesday 26th of April 2017 11:12:43 PM
Trump under fire over 'huge tax cut for the rich' image
Source : Guardian [Read Article] Wednesday 26th of April 2017 06:35:17 PM
....Mnuchin and Cohn were pressed on how Trump would benefit from the proposals, but they avoided the questions. “What this is about is creating job and economic growth,” Mnuchin said. ...
In the small print image
Source : BBC [Read Article] Wednesday 26th of April 2017 03:35:41 PM
.... China's corporate tax rate is 20%, but some firms and industries there face a 15% rate. The president says it will spur economic growth by encouraging spending and investment. ...
Trump seeks tax windfall for business image
Source : BBC [Read Article] Wednesday 26th of April 2017 12:20:53 PM
UK government borrowing at lowest level since 2008 financial crisis image
Source : Guardian [Read Article] Tuesday 25th of April 2017 10:39:40 AM
....Government borrowing fell to the lowest level since the financial crisis in the year to the end of March as the economy proved more resilient than expected in the aftermath of the Brexit vote. Borrowing fell by £20bn to £52bn in the 2016-17 financial year after economic growth helped drive tax receipts higher, narrowing the gap between what the government spends and earns. ...
Reacting to technological threats isn't enough – we need to plan for them | Michael Boskin image
....Similarly, electrification, automation, software, and, most recently, robotics have all brought major gains in manufacturing productivity. My colleague Larry Lau and I estimate that technical change is responsible for roughly half the economic growth of the G7 economies in recent decades. ...
Disney, the Gap and Pepsi urged to quit US Chamber of Commerce image
Source : Guardian [Read Article] Monday 24th of April 2017 11:00:17 AM
.... For the first time last year, 100% of its election spending backed Republican candidates. Holmes said: “Our endorsements are made by a lawmaker’s scorecard, and their views on the issues that are important to our membership and the American business community, based on economic growth and job creation. ...
Inflation puts the brakes on Britain's economic activity image
Source : Guardian [Read Article] Monday 24th of April 2017 06:00:04 AM
.... Economists do not expect the general election to change the economic outlook for this year – assuming the Conservatives are re-elected with an increased majority. Consumer spending has been strong and the main driver of UK economic growth, but economic surveys and the latest retail sales figures suggest spending started cooling markedly at the beginning of this year as shoppers felt the pinch from rising prices. ...
Protectionism is rising the world over. Our best defense is fighting inequality | Wally Adeyemo image
....Globalization and the international rules-based order that underpins it are under siege. Bunkering down and hoping the flames of populism burn out as economic growth picks up is not a winning strategy. ...
Biggest fall in UK retail sales in seven years image
Source : BBC [Read Article] Friday 21st of April 2017 09:24:52 AM
.... . That is worrying for the British economy as it has been the resilience of consumers that has been a principal factor in keeping economic growth going. ...
The Guardian view on the IMF: a global institution in an age of protection | Editorial image
.... While the IMF’s macro-economic department has been urging a softer line on austerity, the teams sent in to sort out crisis countries have prescribed the same old medicine – cuts in wages and public spending, with a diminished role for collective bargaining. Brexit was one manifestation of the political backlash that inevitably resulted from the failure to ensure that the fruits of economic growth are more evenly distributed. ...
IMF shifts from dismal to pessimistic, but has a sharper message about inequality | Greg Jericho image
....”. The IMF’s outlook not only examined economic growth, it also researched the impact of economic policies and technological changes that have reduced the share of national income going to labour. ...
IMF says global financial stability has improved image
Source : BBC [Read Article] Wednesday 19th of April 2017 12:31:28 PM
.... . Stronger economic growth means that households, businesses and governments have more income to maintain the payments on their debts. ...
Brexit’s unpredictable outcome poses risk to global stability, says IMF image
Source : Guardian [Read Article] Wednesday 19th of April 2017 12:30:21 PM
....The IMF also noted that there could be financial stability benefits if Europe had a less concentrated banking system. The Washington-based organisation said global financial stability had continued to improve, helped by a pick-up in economic growth. ...
IMF says pace of global economic growth is picking up image
Source : BBC [Read Article] Tuesday 18th of April 2017 01:01:41 PM
....One decidedly weak area is Africa, for which the IMF describes the outlook as subdued. For sub-Saharan Africa, economic growth is likely to only moderately exceed population growth. ...
IMF ratchets up UK economic growth forecast to 2% image
Source : Guardian [Read Article] Tuesday 18th of April 2017 01:00:29 PM
....Responding to the UK’s upgraded forecast, chancellor Philip Hammond said: “The fundamentals of our economy are strong and we continue to invest in the skills needed for a stronger and fairer Britain . In Washington this week ‎I will be talking to our international partners about how we can carry on increasing global economic growth, with Britain again playing an active and engaged role in the global economy. ...
Mayoral candidate pledges free childcare for Liverpool parents image
Source : Guardian [Read Article] Tuesday 18th of April 2017 06:00:21 AM
....The WEP insists its research suggests prioritising childcare would generate more jobs and economic benefits than traditional pledges on infrastructure and transport. “There is this constant battle between economic growth and social justice – they seem to be a trade-off between each other,” Morton told the Guardian. ...
Is this the beginning of the end for neoliberalism? | Letters image
Source : Guardian [Read Article] Thursday 13th of April 2017 05:59:24 PM
....• We must not lose sight of the downsides to globalisation and world trade. The rampant consumerism which is driving economic growth is certainly lifting incomes for some while also lining the pockets of global corporations. ...
Starbucks says Brexit vote hit UK profits image
Source : BBC [Read Article] Thursday 13th of April 2017 01:33:41 PM
....The US firm has faced heavy criticism for the amount of tax it pays in the UK. "Starbucks in the UK has experienced significant economic and geopolitical headwinds this year which affected sales, including slowing economic growth, [the] impact of Brexit and ongoing security security concerns contributing to weakening consumer confidence," Starbucks said. ...
Banks cracking down on lending after borrowing binge, survey finds image
Source : Guardian [Read Article] Thursday 13th of April 2017 12:53:17 PM
....Those plans will be welcomed by financial regulators after their warnings on the rapid growth in borrowing in recent months as Britons have racked up debt on cards, car leasing schemes and personal loans. But the prospect of households having less access to cash to spend will add to concerns that economic growth will slow this year. ...
Starbucks blames UK profits plunge on Brexit and slowing growth image
Source : Guardian [Read Article] Thursday 13th of April 2017 12:32:31 PM
....“Starbucks in the UK has experienced significant economic and geopolitical headwinds this year which affected sales,” the company said in accounts filed at Companies House. It also pointed to “slowing economic growth” and the “impact of Brexit” as among the factors hitting consumer confidence. ...
Living standards in UK fall for the first time since 2014 image
Source : Guardian [Read Article] Wednesday 12th of April 2017 12:14:56 PM
Finally, a breakthrough alternative to growth economics – the doughnut | George Monbiot image
.... Even if they had the courage to act, they have no idea what to do. The most they tend to offer is more economic growth: the fairy dust supposed to make all the bad stuff disappear. ...
Developing nations' demands for better life must be met, says World Bank head image
....The Bank is particularly worried about recent low growth in Africa and Kim said official aid money should be used to turn the billions of dollars provided by western countries into trillions of dollars of investment from the private sector. “Aspirations, linked to opportunity, can breed dynamism and inclusive, sustainable economic growth,” Kim said, in a speech at the London School of Economics on Tuesday. ...
UK inflation stays at three-year high of 2.3% image
Source : Guardian [Read Article] Tuesday 11th of April 2017 10:42:20 AM
.... Reports from retailers suggest sales slowed in recent months. “Today’s release confirms our expectations that 2017 will see the end of the consumer spending boom which has driven economic growth in recent years,” said Nina Skero at the consultancy the Centre for Economics and Business Research. ...
UK retail sales fall again as rising living costs bite image
Source : Guardian [Read Article] Monday 10th of April 2017 11:01:12 PM
....Meanwhile, wage growth is widely expected to slow, leaving people worse off in real terms. As a result, the Bank of England and other forecasters expect weaker consumer spending to drag on economic growth this year. ...
Free trade warning – IMF, WTO and World Bank say it must be defended image
....The IMF, the World Bank and the WTO said in their joint report that the anti-trade mood had been evident long before last year’s US presidential election but said this had followed a long period when trade had brought benefits to both developed and developing countries. “The opening of trade over the past several decades has helped to drive global economic growth, lifting incomes across advanced, emerging and developing countries. ...
Price rises and pay figures to underline Brexit strain on Britons image
Source : Guardian [Read Article] Sunday 9th of April 2017 11:01:21 PM
....The weaker pound also has benefits for UK businesses, because it makes their goods and services significantly cheaper in overseas markets. The forecaster EY Item Club predicted a revival in the UK’s overseas markets will support the economy’s readjustment away from consumer spending towards trade, and help smooth the impact of Brexit on economic growth. ...
Post-Brexit-vote surge for UK economy comes to an end image
Source : Guardian [Read Article] Friday 7th of April 2017 04:34:17 PM
....Now, 10 months on from the vote to leave the EU, economic indicators point to strains on companies from higher costs as the pound’s slump makes imported materials and fuels more expensive. Consumers, the main driving force of UK economic growth, are also under pressure from rising inflation, with signs they are becoming less willing to spend in shops, restaurants and bars. ...
Bank of England orders financial firms to draft Brexit contingency plans image
....Worries about a hard Brexit that leaves UK-based financial firms with little access to the EU have forced many companies to unveil plans to move jobs out of London. That in turn has prompted warnings about a blow to tax revenues for the exchequer and to the UK’s economic growth prospects. ...
Low interest rates put global financial sector at risk, IMF warns image
Source : Guardian [Read Article] Thursday 6th of April 2017 02:30:06 PM
....The IMF’s view that low interest rates might be here to stay was challenged by the ratings agency Fitch, which said borrowers should prepare for a significant shift in the global interest rate environment over the next few years. Fitch said it expected US real interest rates to increase to levels that were more closely aligned with the country’s economic growth potential, taking them close to pre-crisis levels. ...
Stansted Airport announces new £130m arrivals terminal image
Source : BBC [Read Article] Wednesday 5th of April 2017 03:42:24 PM
....The airport's Chief Executive Andrew Cowan said the site would "transform our infrastructure and facilities to give our passengers the best possible experience". "Stansted is a national asset and our investment will continue to boost competition and support economic growth, jobs and international connectivity for London and the East of England," he said. ...
UK services sector beats forecasts buoyed by new work image
Source : BBC [Read Article] Wednesday 5th of April 2017 09:28:30 AM
....However, the Office for National Statistics said the rate remained below the pre-financial crisis average. Chris Williamson, chief business economist at IHS Markit, believed that economic growth for the first quarter of 2017 would slow. ...
Cost of junk image
Source : BBC [Read Article] Tuesday 4th of April 2017 12:52:58 PM
.... . It also makes the cost of borrowing for companies more expensive and, as such, plays a role in slowing economic growth. ...
South Africa's credit rating has been cut to junk status image
Source : BBC [Read Article] Monday 3rd of April 2017 11:11:12 AM
....". "An additional risk is that businesses may now choose to withhold investment decisions that would otherwise have supported economic growth," S&P added. ...
Household savings ratio falls to record low, says ONS image
Source : BBC [Read Article] Friday 31st of March 2017 10:36:39 AM
. UK economic growth was "robust" in late 2016, but economists have warned of worrying signs as the savings ratio fell to a record low. ...
Ford to invest $1.2bn in Michigan plants image
Source : BBC [Read Article] Tuesday 28th of March 2017 03:03:56 PM
....Ford will spend $150m on its Romeo plant to boost its ability to make car parts, and $200m will be ploughed into a new data centre. "We're optimistic that we'll continue to see good economic growth for the US in the near term," said Joe Hinrichs, president of the Americas at Ford. ...
The Guardian view on house prices: the government lacks the political will to fix the broken market | Editorial image
.... This is an area where ministers fear their own success. What government truly wants to preside over years of flatlining house prices at the expense of relatively affluent homeowners in the south-east? Almost 10 years after the financial crisis, economic growth remains too fuelled by the consumer debt enabled by rising house prices, and too little by long-term investment. ...
ONS looks to big data as it explores new ways to measure UK economy image
Source : Guardian [Read Article] Monday 27th of March 2017 05:01:00 AM
....Smith said the ONS could also use “street level data”, such as the images on Google Street View, to track economic activity. “For example, can we say from the imagery that we have what this neighbourhood might look like in terms of deprivation levels, poverty levels, what businesses and economic growth is happening there. ...
Populism is the result of global economic failure image
Source : Guardian [Read Article] Sunday 26th of March 2017 01:23:10 PM
....“Labour market flexibility may sound appealing, but it is based on a theory that runs completely counter to all the evidence we have,” Montier and Pilkington note. “The alternative theory suggests that labour market flexibility is by no means desirable as it results in an economy with a bias to stagnate that can only maintain high rates of employment and economic growth through debt-fuelled bubbles that inevitably blow up, leading to the economy tipping back into stagnation. ...
Trump administration approves Keystone XL pipeline image
Source : BBC [Read Article] Friday 24th of March 2017 12:30:53 PM
.... . In denying the project in 2015, former Secretary of State John Kerry wrote that it would neither spur economic growth, nor help the US achieve energy independence. ...
UK retail sales shrug off Brexit fears with February rise image
Source : Guardian [Read Article] Thursday 23rd of March 2017 10:37:42 AM
....A combination of a more competitive pound and no change for the time being in trading rules with the EU meant exporters were currently in a sweet spot, Broadbent added, although he said it was unclear how long this period would last. Chris Williamson, the chief business economist at IHS Markit said: “The consumer, which has provided the main engine of UK economic growth in recent years, is showing signs of running out of steam. ...
UK households most downbeat about finances since 2013 image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 12:35:41 PM
....UK households are the most downbeat about their finances since 2013, as families start to feel the pinch from rising inflation and weak wage growth, according to a new survey. This suggests consumer spending, until now the main driver of UK economic growth, will weaken in coming months. ...
Plans for coal-fired power plants drop by almost half in 2016 image
Source : BBC [Read Article] Wednesday 22nd of March 2017 07:44:04 AM
....The report, from several green campaign groups, claims changing policies and economic conditions in China and India were behind the decline. However, the coal industry argues the fuel will remain essential to economic growth in Asia for decades to come. ...
Coal in 'freefall' as new power plants dive by two-thirds image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 12:01:20 AM
....”. For India and countries in south-east Asia, he argued, “excluding coal from the energy mix is not an option – it is essential for economic growth and critical in securing energy access”. ...
K-Drama image
Source : BBC [Read Article] Tuesday 21st of March 2017 09:11:15 AM
....The four were indicted in October 2016 on a range of charges including embezzlement, tax evasion and fraud. The trial is significant because South Korea's family-controlled conglomerates, or "chaebols", used to be considered untouchable given they have powered much of the country's economic growth. ...
Trump must convert surging US confidence into real growth | Mohamed El-Erian image
.... The Trump administration would also have to refrain from pursuing protectionist trade measures that would disrupt the “spaghetti bowl” of cross-border value chains for both producers and consumers. If improved confidence in the US economy does not translate into stronger hard data, unmet expectations for economic growth and corporate earnings could cause financial-market sentiment to slump, fueling market volatility and driving down asset prices. ...
Article 50: Theresa May to trigger Brexit process next week image
Source : BBC [Read Article] Monday 20th of March 2017 11:39:42 AM
....Last year's referendum result, she added, "was not just about leaving the EU" but was a vote for a "change in the way the country works". "Part of that is building a strong economy and ensuring that the benefits of economic growth and prosperity are felt across every part of the UK. ...
Happiness report: Norway is the happiest place on Earth image
Source : BBC [Read Article] Monday 20th of March 2017 08:43:03 AM
....This year's report also contains a chapter titled "restoring American happiness", which examines why happiness levels in the United States are falling, despite constantly-increasing economic improvement. "The United States can and should raise happiness by addressing America's multi-faceted social crisis - rising inequality, corruption, isolation, and distrust - rather than focusing exclusively or even mainly on economic growth," the authors said. ...
New roads in England create more traffic, rural campaigners claim image
Source : Guardian [Read Article] Monday 20th of March 2017 07:00:30 AM
....The annual budget for roadbuilding is set to triple to £3bn by the end of the decade under the road investment strategy announced in 2014. The government says its strategy will encourage economic growth and support a “free-flow core network” of one mile-a-minute journey times. ...
A ‘jobs miracle’ that leaves millions worse off | Observer editorial image
.... Rates of self-employment are two-and-a-half times greater for the lowest-paid workers compared with the highest-paid; and one in four low-paid workers is self-employed. This insecurity means that many families are living an incredibly precarious existence: if economic growth were to dip, there are millions of workers who could effectively be laid off at a moment’s notice. ...
Governments must keep reforming to win back voters' trust, says OECD image
Source : Guardian [Read Article] Friday 17th of March 2017 02:40:37 PM
....The Organisation for Economic Cooperation and Development says stagnating living standards in many countries have left people disenchanted and unwilling to support more changes by their governments in areas such as jobs markets. In its annual check on the pace of such reforms, the OECD says progress has slowed over the past five years and it warns governments to change tack or risk another protracted period of sluggish economic growth and damaging inequality. ...
George Osborne facing calls to quit as MP over Evening Standard job image
Source : Guardian [Read Article] Friday 17th of March 2017 12:51:44 PM
....£120,212 allowance as Kissinger fellow at the McCain Institute for a yearThis raises the issue of a conflict between the supposedly objective role of journalist and his activities as a political commentator with a platform to broadcast his personal world view. Unpaid chairman of the Northern Powerhouse PartnershipOsborne’s heart was meant to be in championing economic growth in the north, but his newspaper will be expected to speak for the interests of Londoners. ...
If big business is to thrive, it needs a strong welfare state | Phil McDuff image
....The extremists demand more and more “flexibility”, which is code for lower wages and more insecurity. Just keep beating people until they realise the real economic growth was inside them all along. ...
We will all need a stiff drink to swallow Hammond’s austerity image
Source : Guardian [Read Article] Sunday 12th of March 2017 07:00:17 AM
.... And the Treasury is placing great emphasis on the importance of “productivity” – ie the supply side of the economy – to provide the future growth on which higher living standards and tax revenues ultimately depend. For the uncomfortable truth, underlined by the Office for Budgetary Responsibility, the Institute for Fiscal Studies and the Resolution Foundation last week, is that, after a splurge of consumer spending largely financed by borrowing, the outlook for real incomes is pretty bleak – indeed, there are already signs of a slowdown, and the OECD is forecasting economic growth this year of a mere 1. ...
US interest rate rise almost certain after bumper jobs growth image
Source : Guardian [Read Article] Friday 10th of March 2017 06:15:58 PM
....Trump’s supporters continue to watch for the president to make good on his promise to bring back US manufacturing jobs, which were up for the month: other drivers of growth were construction, private educational services, manufacturing, healthcare and mining. Also among the less-praised drivers of economic growth is the Affordable Care Act, Obama’s signature healthcare legislation, which Trump and congressional Republicans aim to repeal, said Elise Gould of the Economic Policy Institute, a Washington-based thinktank. ...
Forget Brexit: housing is the key issue for Labour | Phil McDuff image
Source : Guardian [Read Article] Friday 10th of March 2017 12:04:31 PM
.... They were “on the left” and so they confirmed the easy standard narrative that “the left can’t be trusted with money”. The huge irony is that if they’d actually been doing the job that a Labour government should have been doing – ensuring economic growth was equitably distributed through decent wages and strong public investment rather than trying to play games with private finance – the Tory government would have fewer excuses to say “Look at the mess these spendthrift commies made, we need to fix it with austerity”. ...
ECB's Draghi says 'more optimistic' on the outlook for the eurozone image
....The outlook for eurozone growth is "more optimistic", the head of the European Central Bank (ECB), Mario Draghi, has said. Accordingly, the central bank has raised its economic growth forecasts for this year and next, to 1. ...
UK economy will grow 2% this year but slow next, OBR predicts image
Source : Guardian [Read Article] Wednesday 8th of March 2017 07:58:42 PM
....The UK economy will confound forecasts for a Brexit-related slowdown through 2017, but will then quickly run out of steam as rising prices hit consumer spending, the Office for Budget Responsibility has predicted. The government’s independent forecaster said that since its November outlook, the economy had performed better than expected and it raised its forecast for economic growth this year to 2% from 1. ...
UK growth forecast for 2017 revised up image
Source : BBC [Read Article] Wednesday 8th of March 2017 02:12:25 PM
....". John Hawksworth, PwC chief economist, said Mr Hammond's reluctance to boost spending was understandable given the OBR made little change to its medium-term projections for either economic growth or public borrowing. ...
Budget expected to forecast stronger economic growth image
Source : BBC [Read Article] Tuesday 7th of March 2017 04:05:43 PM
. The Chancellor, Philip Hammond, will be announcing his budget against a backdrop of stronger economic growth. ...

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