Topic filter : Economic Growth

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....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. ... [Read full article on BBC ]
Monday 20th of March 2017 11:39:42 AM
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....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. ... [Read full article on BBC ]
Monday 20th of March 2017 08:43:03 AM
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....”. 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”. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 12:01:20 AM
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....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. ... [Read full article on BBC ]
Wednesday 22nd of March 2017 07:44:04 AM
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....£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. ... [Read full article on Guardian ]
Friday 17th of March 2017 12:51:44 PM
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....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. ... [Read full article on Guardian ]
Monday 20th of March 2017 07:00:30 AM
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....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. ... [Read full article on BBC ]
Tuesday 21st of March 2017 09:11:15 AM
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....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. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 12:35:41 PM
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.... 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. ... [Read full article on Guardian ]
Monday 20th of March 2017 01:22:15 PM
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....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. ... [Read full article on Guardian ]
Friday 17th of March 2017 08:59:05 AM
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.... 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. ... [Read full article on Guardian ]
Sunday 19th of March 2017 12:05:01 AM
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....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. ... [Read full article on Guardian ]
Friday 17th of March 2017 02:40:37 PM
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Latest Finance News related to Economic Growth

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. ...
Food inflation doubles in a month as UK shoppers start to feel the pinch image
....”. It comes as the OECD warned on Tuesday that rising inflation would hit households in Britain this year, making them less willing to spend money, and holding back economic growth. ...
Hammond gets budget boost as OECD upgrades UK growth forecast image
Source : Guardian [Read Article] Tuesday 7th of March 2017 10:00:39 AM
....The thinktank’s upgrade for the UK came ahead of the chancellor’s spring budget on Wednesday, when he is expected to unveil a brighter outlook for the economy and public finances while making the case that he must keep back any extra money to help the UK weather uncertainties from the Brexit process. The OECD did not single out Hammond, but used its interim economic outlook on Tuesday to urge all governments to make the most of any fiscal wriggle room they have to support economic growth and to tackle inequality. ...
Snap slides as Wall Street ends lower image
Source : BBC [Read Article] Monday 6th of March 2017 11:51:47 PM
....Wall Street closed lower - the second time in the past three trading days it has done so. Banks gave back some of their recent gains, while mining and chemical companies declined after China cut its economic growth forecast. ...
Oil price will soar without investment in capacity, says watchdog image
Source : Guardian [Read Article] Monday 6th of March 2017 04:00:17 PM
....The agency said although there was some uncertainty over supplies, the picture on demand was clearer. With the IMF expecting economic growth of 3. ...
China cuts growth target to 6.5% this year - Premier Li Keqiang image
....And in a veiled reference to US President Donald Trump's complaints about China's exchange rate and trade policies, Mr Li warned of a far more complicated global picture in the year ahead with China facing the threat of growing protectionism. NPC leaders are tolerating slightly slower economic growth this year to give them more room to push through some painful reforms to deal with a rapid build-up in debt, Reuters news agency reports. ...
UK economy cooling after post-Brexit vote growth, surveys show image
Source : Guardian [Read Article] Friday 3rd of March 2017 11:12:26 AM
....The financial data provider Markit, which compiled the surveys, said the slowing of business activity growth last month added to evidence that the economy has lost momentum after the “impressive expansion” at the end of last year. Firms remained optimistic about the year ahead, but Markit’s chief economist, Chris Williamson, said: “The slowdown in the pace of economic growth signalled by the February surveys pushes the PMI [purchasing managers’ index] back towards territory more indicative of additional policy stimulus from the Bank of England than a tightening. ...
WPP warns on 'tepid' economic growth as profits jump image
Source : BBC [Read Article] Friday 3rd of March 2017 09:25:26 AM
. WPP, the advertising giant, warned that "tepid" economic growth could hit revenues. ...
FTSE closes down as WPP shares hit by cautious outlook image
Source : BBC [Read Article] Friday 3rd of March 2017 08:56:40 AM
....Its shares fell by 7. 95% after it said 2017 had got off to a slow start, citing "tepid economic growth". ...
China's economic concerns mount as thousands gather for congress image
Source : Guardian [Read Article] Friday 3rd of March 2017 06:26:46 AM
....And although it has little bearing on policy, it will be scrutinised this year for any clues about the state of the economy in premier Li Keqiang’s annual report on Sunday. This will include a target for economic growth, which analysts expect to be unchanged from last year at between 6. ...
Inflation returns to Japan for the first time in more than a year image
Source : Guardian [Read Article] Friday 3rd of March 2017 04:43:07 AM
....But a slump in household spending showed by 1. 2% compared with January last year showed why economic growth and inflation have lagged the more ambitious goals set out by policymakers. ...
Labour says £1m earners should publish tax returns image
Source : BBC [Read Article] Thursday 2nd of March 2017 03:05:40 PM
....Mr McDonnell said Mr Hammond must give the NHS and social care "an urgent injection of cash" when he delivers his first Budget next week. He said the chancellor cannot continue to claim credit for improving economic growth figures while leaving health and social care without the funds they need. ...
Australia cracks down on visas for fast food industry image
Source : BBC [Read Article] Thursday 2nd of March 2017 02:35:24 AM
....Mr Dutton conceded the change mostly affected managerial staff, but said the current arrangement did not put Australian workers first. "Genuine business needs for overseas workers which contribute to economic growth will still be considered," he said. ...
Greenspan: Trump populism 'a cry of pain' image
Source : BBC [Read Article] Wednesday 1st of March 2017 08:07:47 PM
....Donald Trump's populism is "not an economic policy" but instead is "a cry of pain", says former Federal Reserve chair Alan Greenspan. Mr Trump will not manage to attain 3% economic growth, as promised, but deregulation will help markets, he tells the BBC's Katty Kay as part of the 100 Days series. ...
London to remain a 'magnet for global superrich despite Brexit' image
Source : Guardian [Read Article] Wednesday 1st of March 2017 01:46:10 PM
.... “In many countries this was much stronger in 2016 than in 2015. There may be widespread uncertainty, but there are also strong fundamentals in many economies, with signs of real progress being made around regulation and policy which will help economic growth to flourish in some places. ...
Australia goes 25 years without recession image
Source : BBC [Read Article] Wednesday 1st of March 2017 02:18:44 AM
.... . It brings the country close to breaking the Netherlands' record of modern-era uninterrupted economic growth. ...
UK's ultra-rich set to rise rapidly in 10 years, report says image
Source : BBC [Read Article] Wednesday 1st of March 2017 01:52:50 AM
.... . "There may be widespread uncertainty, but there are also strong fundamentals in many economies, with signs of real progress being made around regulation and policy which will help economic growth to flourish in some places," said Andrew Amoils, head of research at New World Wealth, the research company which provided the data for the report. ...
Australia avoids recession as GDP grows 1.1% in December quarter image
Source : Guardian [Read Article] Wednesday 1st of March 2017 12:43:59 AM
....The treasurer, Scott Morrison, said the result was achieved due to strong household consumption, but warned that “weak wages growth” was still weighing the economy and budget revenue down. Australia has now recorded 101 quarters between the June 1991 and the 2016 December quarter without two consecutive quarters of negative economic growth. ...
Hitting rock bottom image
Source : BBC [Read Article] Wednesday 1st of March 2017 12:07:40 AM
....It believes the problem of too many ships for too little cargo is now set to improve, and forecasts global freight rates will increase by 12% this year after four years of decline. But the reality is that the slowing in global trade may have more profound causes - not to do with shipping or economic growth, but to do with how and what we consume. ...
Indian economic growth slows in December quarter of 2016 image
Source : BBC [Read Article] Tuesday 28th of February 2017 01:38:30 PM
. India's economic growth slowed in the December quarter of 2016, but the pace of expansion still beat expectations. ...
Are motorbikes a barometer of India's economy? image
Source : BBC [Read Article] Tuesday 28th of February 2017 12:37:37 AM
. India's latest economic growth numbers are expected to reflect the impact that the sudden withdrawal of currency notes in November had on the country. ...
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Spring budget 2017: drop in government borrowing predicted image
Source : Guardian [Read Article] Tuesday 28th of February 2017 12:01:13 AM
. Solid economic growth and strong tax receipts since the Brexit vote have put Philip Hammond on course to announce a drop in government borrowing when he presents his spring budget next week, a leading thinktank has predicted. ...
Dow Jones stock index hits best winning streak in 30 years image
Source : BBC [Read Article] Monday 27th of February 2017 10:19:25 PM
....The S&P 500 index also edged two points higher to 2,370, while the tech-focused Nasdaq Composite index rose 17 points to 5,862. The biggest winners were shares in energy, financial and healthcare firms - areas that stand to gain if Mr Trump's policies spur faster economic growth, Mr Jankovskis said. ...
Trump's Treasury Secretary targets tax reform 'by August' image
Source : BBC [Read Article] Thursday 23rd of February 2017 05:37:58 PM
....In his first television interview, since taking office Mr Mnuchin told CNBC his priority was boosting growth. Mr Mnuchin said that tax cuts combined with deregulation would boost economic growth to 3% by the end of 2018. ...
Germany overtakes UK as fastest-growing G7 economy image
Source : Guardian [Read Article] Thursday 23rd of February 2017 03:21:32 PM
....7% had outpaced Germany in the fourth quarter. He said: “UK economic growth in 2016 was fractionally below that of Germany – no longer the fastest growing in the G7. ...
Indonesia's four richest men worth as much as poorest 100 million image
Source : Guardian [Read Article] Thursday 23rd of February 2017 02:01:50 AM
.... The charity said the Hartonos – who own a clove cigarette company – could earn enough interest on their fortune in a year to eradicate extreme poverty in Indonesia. “Since 2000, economic growth has taken off in Indonesia,” Oxfam said in its report. ...
Self-driving cars must be covered by insurance, says UK bill image
Source : BBC [Read Article] Wednesday 22nd of February 2017 04:26:42 PM
.... enable consumers in the United Kingdom to be amongst the first in the world to reap the rewards that improved transport technology will bring," the bill states. "Putting the United Kingdom at the forefront of the most modern transport revolution will create new jobs and fuel economic growth around the country. ...
Business rate rises: government warns of 'campaign of half-truths' image
Source : Guardian [Read Article] Tuesday 21st of February 2017 09:22:16 AM
....“If we are anything in the Conservative party, we should be the party of business and commerce,” he said. “And we’ve put huge burdens on to the private sector which they are bearing and still delivering the highest economic growth in the G7 and I think we have to be very careful not to kill the golden goose. ...
UK borrowing and growth better than expected for budget, says report image
Source : Guardian [Read Article] Monday 20th of February 2017 07:00:31 AM
. Britain’s economic growth and borrowing levels will both be better than previously expected when the chancellor gives his budget next month, according to a report. ...
Savers need a balancing act to beat inflation image
Source : Guardian [Read Article] Monday 20th of February 2017 07:00:31 AM
....Bonds issued by companies are essentially IOUs to raise money, with set terms after which the money invested is returned. Damien Fahy from personal finance website MoneytotheMasses says that while bonds have been seen as a safe bet for making money, the prospect of rising inflation, improving economic growth and higher interest rates have led to some predicting an end to their success. ...
British Gas price freeze is unlikely to impress customers image
Source : Guardian [Read Article] Sunday 19th of February 2017 07:00:02 AM
....Hints from Federal Reserve chair Janet Yellen last week that US interest rates may soon rise came at the right time for the UK financial sector. In advance of the bank reporting season, share prices have been boosted by hopes that higher rates will boost margins, while the prospect of Trump-inspired economic growth and a relaxation of regulations has also given support to the sector. ...
Senators grill Janet Yellen on Republican plans to neuter Dodd-Frank Act image
Source : Guardian [Read Article] Tuesday 14th of February 2017 05:35:18 PM
....“Of course, it is too early to know what policy changes will be put in place or how their economic effects will unfold. While it is not my intention to opine on specific tax or spending proposals, I would point to the importance of improving the pace of longer-run economic growth and raising American living standards with policies aimed at improving productivity. ...
European commission upgrades growth forecast for UK economy image
Source : Guardian [Read Article] Monday 13th of February 2017 06:07:26 PM
....The commission also pencilled in more upbeat prospects for the 19-state eurozone after a “better-than-expected performance in the second half of 2016 and a rather robust start into 2017”. It forecasts eurozone economic growth of 1. ...
Trump presidency poses threat to global economy, warns Fitch image
Source : Guardian [Read Article] Friday 10th of February 2017 04:37:52 PM
....Key risks, from Fitch’s perspective, included possible disruptions to trade relations, limits on migration that affect the amount of money foreign workers in the US send home, and “confrontational exchanges” between policymakers that could spark swings in currencies and other financial markets. “The materialisation of these risks would provide an unfavourable backdrop for economic growth, putting pressure on public finances that may have rating implications for some sovereigns,” the ratings agency added. ...
UK house prices fell in January for the first time in five months image
Source : Guardian [Read Article] Tuesday 7th of February 2017 10:34:19 AM
....“These factors are unlikely to change materially during 2017. Nonetheless, weaker economic growth and increasing pressure on spending power, along with affordability constraints, are expected to dampen housing demand, resulting in some downward pressure on annual house price growth during the year,” he said. ...
UK tax burden will soar to highest level for 30 years, warns IFS image
Source : Guardian [Read Article] Tuesday 7th of February 2017 10:00:11 AM
....The government is on course to impose steep cuts in public spending and increase taxes by the end of the decade to their highest level in 30 years to combat the UK’s persistent budget deficit. But slower economic growth after the Brexit vote and lower than expected tax receipts will still leave the UK with one of the largest shortfalls in public spending in the developed world, according to the Institute for Fiscal Studies. ...
Apple, Google, Facebook and Microsoft file opposition to Trump's travel ban image
.... An Amazon spokesperson said that the company was advised by the Washington attorney general to not join the amicus brief, since the company acted as a witness in the original lawsuit. The brief argues that the executive order harms innovation and economic growth, as well as the competitiveness of American companies while also being unlawful. ...
Scotland needs publicly funded bank, says thinktank image
Source : Guardian [Read Article] Monday 6th of February 2017 07:00:20 AM
....Common Weal’s call for a Scottish national investment bank is to be debated at the SNP’s spring conference in March, an indication of growing unease within the the party about the private finance model being used by Nicola Sturgeon’s government. The motion from an SNP branch in Angus near Dundee says leaving economic growth and environmental protection “solely in the hands of our private banking and financial sector will be detrimental to present and future living standards of our citizens”. ...
Trump’s honeymoon with the stock market will soon be over | Nouriel Roubini image
....Third, this undesirable policy mix of excessively loose fiscal policy and tight monetary policy will tighten financial conditions, hurting blue-collar workers’ incomes and employment prospects. An already protectionist Trump administration will then have to pursue additional protectionist measures to maintain these workers’ support, thereby further hampering economic growth and diminishing corporate profits. ...
Bank of England sharply raises UK growth forecast image
Source : Guardian [Read Article] Thursday 2nd of February 2017 12:46:31 PM
....Anti-poverty campaigners the Joseph Rowntree Foundation said the Bank’s brighter outlook on growth would bring little comfort to those on low incomes – a group the government has dubbed “just about managing” and vowed to help. “People on lower incomes can’t rely on economic growth alone to raise their living standards,” said the foundation’s chief executive, Campbell Robb. ...
UK house price growth has hit 14-month low, says Nationwide image
Source : Guardian [Read Article] Wednesday 1st of February 2017 09:06:31 AM
....Looking back at trends over the last 60 years, Nationwide said the biggest gains in real house prices – comparing how much faster house prices have increased compared with goods and services more generally – were made in the 2000s. “These increases were spurred by a combination of strong and stable economic growth, a structural decline in interest rates and the further liberalisation of the financial system,” Gardner said. ...
Retreat from globalisation will destabilise the world economy | Mohamed El-Erian image
.... If these tendencies continue, developing countries will probably suffer the most; but they won’t be alone. In the short term, the world economy would face slower economic growth and the risk of greater financial instability. ...
Strong dollar drags US growth to slowest pace since 2011 image
Source : Guardian [Read Article] Friday 27th of January 2017 02:15:35 PM
....7 percentage points from growth in the final three months of 2016. Nevertheless, consumer confidence has remained elevated and consumer spending, which accounts for 70% of economic growth, increased by 2. ...
'It's a crisis that keeps on hurting' - experts debate Brexit watch data image
Source : Guardian [Read Article] Wednesday 25th of January 2017 11:10:06 AM
.... One indicator I watch closely is the growth of global air traffic, which is very well correlated with growth across the world economy. When people are flying more for business and leisure, it is a good indicator of higher confidence and economic growth. ...
Brexit economy: weak pound stokes inflation as jobs market cools image
Source : Guardian [Read Article] Wednesday 25th of January 2017 11:09:22 AM
.... Inflation was higher than economists had forecast, hitting its highest level for more than two years in December. Writing in the Guardian, a former member of the Bank’s monetary policy committee (MPC), Andrew Sentance, said two factors pointed to economic growth losing momentum: a slowdown in employment and rising inflation. ...
Can post-Brexit London survive as Europe's cultural and financial capital? image
.... London had shaken off the financial crisis to retain its status as the cultural and commercial capital of Europe. Since then, it has dominated rankings of international business competitiveness, overseen the construction of the Crossrail high-speed line, attracted capital and labour from across the continent, and enjoyed economic growth far outstripping the rest of the country. ...
UK GDP preview: sharp slowdown expected in 2017 image
Source : Guardian [Read Article] Sunday 22nd of January 2017 03:54:01 PM
.... The latest retail sales figures suggested price rises were already affecting shoppers in December as sales volumes suffered their sharpest drop for more than four years. Hare continued: “Looking forward, we do anticipate a slowdown in economic growth, principally because we see the post-referendum fall in the pound pushing up on import prices, in turn raising the CPI inflation rate to more than 3% later this year. ...
Amartya Sen: ‘Referendums are like opinion polls. Sometimes they’re very wrong’ image
.... He, along with Keynes, is one of my most important intellectual influences. Through him I have become even more convinced that institutions such as a checked and balanced government, a free press that efficiently disseminates trusted information, the impartial administration of justice, gender equality and good schools and universities are not only great in themselves – but founding blocks for economic growth and development. ...
Companies must share benefits of globalisation, Theresa May tells Davos image
Source : Guardian [Read Article] Thursday 19th of January 2017 11:21:27 AM
....”. May said her aim was to deliver jobs and economic growth to every community and corner of the country. ...
Middle classes in crisis, IMF's Christine Lagarde tells Davos 2017 image
Source : Guardian [Read Article] Wednesday 18th of January 2017 11:51:21 AM
....Lagarde’s view that the middle class was in crisis was shared by the outgoing US vice-president. Joe Biden said globalisation and new technology were in effect “hollowing out the middle class, the traditional engine of economic growth and social stability in western nations”. ...

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