September 28, 2022
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Higher corporate tax will hurt the economy

by on March 13, 2022 0
As policymakers in Washington look to find additional revenue streams to fund government spending, the business community is once again being unfairly targeted to fund these programs in the form of additional taxes. As gas prices skyrocket and the cost of food in our grocery stores continues to rise, it’s disturbing to see “everything... Read More

US Inflation Likely About to Rise Again: Eco Week

by on February 5, 2022 0
Breadcrumb Links PMN Company Author of the article: Bloomberg News Vince Golle Content of the article (Bloomberg) – Inflationary pressures in the United States continued to build at the start of the year, data should show, likely putting a Federal Reserve interest rate hike next month on autopilot . The consumer price index likely... Read More

Emerging economies “must prepare for Fed tightening and threats to global recovery”

by on January 10, 2022 0
The resurgence of the pandemic and the faster tightening of the US Federal Reserve pose risks to the global recovery and emerging economies should brace themselves for episodes of economic turmoil, according to the International Monetary Fund. In addition to the endemic variant of Omicron, pressures from the supply side and the Fed’s decision... Read More

PH 2022 growth forecasts reduced to 7.1%

by on January 9, 2022 0
A further economic reopening during the Christmas holidays last year likely boosted growth in 2021, but the surge in COVID-19 infections earlier this year is expected to temper the expansion of gross domestic product (GDP), according to updated forecasts from investment banking giant Goldman Sachs. In a Jan. 8 report, Goldman Sachs Economics Research... Read More

Risks to growth require a “light” policy on inflation

by on January 5, 2022 0
The global economic shutdown we experienced in mid-2020 was unique in recent history for its ability to disrupt the flow of goods, services and labor around the world. Since then, regionalised shutdowns in response to the resurgence of Covid-19 infections have been implemented periodically, often with very little warning. Global supply chains have been... Read More

Local Economy: Why Northwest Oregon’s GDP Matters | News

by on January 1, 2022 0
Every county in northwestern Oregon has been hit hard by the pandemic recession. Trade restrictions and closures affected all counties; the travel industry, so important to the coast, has seen an unprecedented decline in business and employment; and Oregon State University in Benton County has ended in-person teaching. It is therefore not surprising that... Read More

US economy rejoices off season

by on December 16, 2021 0
November is usually a time for home builders and manufacturers to unwind. But not this year. The Commerce Department announced Thursday that construction began last month on 1.68 million seasonally adjusted homes at an annual rate. That was well over the 1.57 million wanted economists and was up 11.8% from the previous month. Single-family... Read More

Structural economic reforms: no time to waste

by on December 12, 2021 0
THE The Malaysian economy remains in recession, although it is slowly coming back to life. In the third quarter of 2021 (Q3’21), the economy contracted by 4.5%, compared to an expansion of 16.1% in the previous quarter. On a seasonally adjusted quarterly basis, the economy appears to be experiencing a W-shaped recovery with gross... Read More

The economy suffers the deepest contraction in living memory – The Royal Gazette

by on November 26, 2021 0
Updated: November 26, 2021 at 7:32 PM Hammered Tourism: Horseshoe Bay Beach (Photograph by Akil Simmons) The economy suffered the biggest contraction in living memory last year, according to the latest statistics revealed tonight. Bermuda’s Gross Domestic Product Report 2020 said the economy had contracted 6.9% in real terms as the Covid-19 pandemic and... Read More

Nigeria posts 4.03% GDP growth in third quarter – NBS

by on November 19, 2021 0
Of Isaac anumihe, Abuja national The Bureau of Statistics (NBS) said yesterday that Nigeria’s gross domestic product (GDP) grew 4.03% (year-on-year) in real terms in the third quarter of 2021, showing sustained positive growth over the past four quarters since the recession observed in 2020. But in nominal terms, aggregate GDP stood at 45.11... Read More

North Africa Economic Outlook 2021 – Growth Expected to Return to Pre-pandemic Levels Thanks to Rebound in Oil, Vaccines and Trade

by on November 5, 2021 0
Growth of real gross domestic product in North Africa was largely negative in 2020, at -1.1% with a decrease of -5.1 percentage points compared to 2019, the 2021 edition of the African Development Bank reports on economic prospects in North Africa. Published on November 3, the report finds that in 2020, North African economies... Read More

US economy slowed to 2% rate in last quarter amid COVID

by on October 28, 2021 0
WASHINGTON – Hindered by increasing COVID-19 cases and persistent supply shortages, the U.S. economy slowed to an annual rate of 2% during the July-September period, the weakest quarterly growth since the start of the recovery from the pandemic recession last year. Thursday’s Commerce Department report estimated that the country’s gross domestic product – its... Read More

As Congress discusses how much to spend on climate change, experts warn doing nothing will cost more

by on October 5, 2021 0
With Congress deadlocked on passing the climate change legislation contained in President Biden’s $ 3.5 trillion 10-year infrastructure plan, experts warn the cost of doing nothing will be many higher. In a 2019 report, the federal government estimated that the United States could lose 10.5% of its gross domestic product (GDP), or total economic... Read More

China’s electricity crisis is the next economic shock beyond Evergrande, Economy News & Top Stories

by on September 27, 2021 0
HONG KONG (BLOOMBERG) – China could plunge headlong into a power supply shock that could hit Asia’s largest economy hard, just as the Evergrande crisis sends shockwaves through its financial system. The crackdown on electricity consumption is driven by growing demand for electricity and skyrocketing coal and gas prices, as well as Beijing’s strict... Read More

Three Ways WFP is Helping Revitalize Food Systems in East Africa: The World Food Program lives and breathes food systems through its work in East Africa – Ethiopia

by on September 23, 2021 0
The world’s food systems are deeply flawed. These flaws affect us all, but they mostly affect the more than 811 million people who go to bed hungry every night. The very existence of millions of hungry people is a clear sign that our food systems are not functioning well enough. Twenty percent of the... Read More

Credit growth in India, GDP of the United States

by on August 22, 2021 0
Every Monday, Mint’s Plain Facts features key data releases to watch out for during the week. The Reserve Bank of India (RBI) will release bimonthly data on commercial bank credit and deposits. Gross domestic product (GDP), merchandise trade and business activity data for the United States will be released. And the impression of the... Read More

BofA Says Aramco Dividend Not Enough | Rigzone

by on August 6, 2021 0
(Bloomberg) – Saudi Aramco’s $ 75 billion annual dividend is already the largest in the world, but the oil producer may need to increase it to keep up with its peers, according to Bank of America. “An increase in dividends is needed to stay competitive,” BofA analysts led by Karen Kostanian said in a... Read More

These states are leading India’s economic response

by on August 5, 2021 0
India’s economic momentum appears to be accelerating, as shown by a series of high-frequency indicators such as PMI, exports and GST collection. Most states have also seen an improvement in the economic indicators taken into account in tracking the recovery of Mint State. With the exception of Kerala and the northeastern states, all states... Read More

Blockchain Technology Will Increase Nigeria’s GDP By $ 29 Billion

by on July 14, 2021 0
By Collins Nweze Little research by Enhancing Financial Innovation & Access (EFInA) has shown that blockchain technology can add $ 29 billion to Nigeria’s gross domestic product (GDP) by 2030 and promote financial inclusion. The report, titled “Blockchain Potential for Financial Inclusion in Nigeria,” describes the potential of blockchain to boost financial inclusion and... Read More

Industry: Struggling with a gradual rebound

by on July 5, 2021 0
The economy is gradually on the road to recovery, after the debilitating effects of limited economic activities forced by the COVID-19 pandemic and falling oil prices. However, the manufacturing sector, which is a major yardstick for assessing the health of the economy, is still struggling, requiring urgent policy measures to revitalize it. Assistant editor... Read More

Unlock residential opportunities in Laguna

by on July 2, 2021 0
In my previous columns, I have highlighted how southern Luzon has always been a major growth engine for the Philippine economy. Being the main industrial center of the Philippines, the region is one of the main contributors to the country’s annual economic output, accounting for around 14.5% of the gross domestic product (GDP). Region... Read More

China steps up crackdown on bitcoin mining industry

by on June 20, 2021 0
China’s largest bitcoin-producing provinces have stepped up crackdown on cryptocurrency mining in the latest sign of how global authorities are hardening their position in rapidly growing digital asset markets. The country’s bitcoin mining operations, the energy-intensive computer puzzle-solving process that creates new units of virtual currency, have been on the decline since May, when... Read More

GIEWS country profile: Colombia 15-Jun-2021 – Colombia

by on June 15, 2021 0
FOOD SECURITY OVERVIEW • Favorable production prospects for the 2021 paddy and maize crops • Cereal import requirements in 2021 forecast at high levels • Rice prices well below the levels of the previous year • Growing concerns about adequate access to food in urban areas • High prevalence of food insecurity among Venezuelan... Read More

Inflation in India, US key rate

by on June 13, 2021 0
Every Monday, Mint’s Plain Facts section features five key data posts to watch for during the week. Indian inflation figures for May will be released on Monday. The US Fed meeting and the interest rate decisions of Brazil and Japan will set the tone for global markets. Data on the production of Chinese factories... Read More

Uganda can achieve greener, resilient and inclusive growth by investing in sustainable land management and climate-smart agriculture

by on June 8, 2021 0
KAMPALA, June 8, 2021-In central Uganda, schoolchildren in Kisubi are learning about fish farming and integrated aquaculture, which help reduce pressure on dwindling water resources and fisheries while increasing fish production and exports. Water from fish ponds is used to irrigate fruits and vegetables, an innovative and efficient use of resources. This approach to... Read More

Closures impacted large and small states

by on June 3, 2021 0
Public movements have declined dramatically, reaching the same levels as in May of last year, when the country was under even tighter national restrictions. About 1.2 million electronic consignment notes were generated on average per day, a year-low low and down from around 2 million in April. Electricity use saw its first decline in... Read More

Seven years later, Telangana counts its successes and failures

by on June 2, 2021 0
As Telangana completes seven years of statehood, it can boast of significant achievements on the water, agriculture and power fronts. With the increase in irrigation, the state’s crop coverage increased significantly, showing significant improvements in paddy and cotton production. From a state where industries suffered from prolonged cuts, it has strengthened its energy resources.... Read More

CBN Funding Interventions Support GDP Figures

by on May 30, 2021 0
Godwin Emefiele, Governor of the CBN. … Ready to face stagflation By Emeka Anaeto, Business Writer The Central Bank of Nigeria, CBN, is expected to support positive developments in Nigerian economic growth amid threats of stagflation. CBN Governor Godwin Emefiele, who gave the hint at the last meeting of the umbrella bank’s Monetary Policy... Read More

The country’s GNP stands at Rs49.4tr

by on May 28, 2021 0
ISLAMABAD: Pakistan’s gross national product (GNP) rose to 49.4 trillion rupees, registering an increase of 6.5% in the outgoing fiscal year 2020-21, which is the second fastest growing since 2004 -5. The country’s GNP had recorded the highest growth of 7.1 percent in fiscal year 2004-5 under the Musharraf-Aziz regime. However, it is concerning... Read More

Russian entrepreneurs adapt to virus lockdown challenges

by on April 7, 2021 0
MOSCOW (AP) – Valentina Konstantinova vividly remembers when Russia was locked down for the coronavirus a year ago. His 18-room boutique hotel, called Skazka, or “fairy tale,” was full and within days there was only one guest left. “I still don’t understand how people could have disappeared in a day, and where,” she recalls.... Read More