View your shopping bag

Items: (0) 0,00 €
  • €
  • $
  • £

Checkout

Monthly Archives: May 2011

OECD inflation reaches highest level for two and a half years

Consumer prices in the OECD area increased by 2.9% in the year to April 2011, compared with 2.7% in March – the highest rate since October 2008, according to figures released in the last half an hour.  The rise was mainly due to the rate of increase in energy prices which grew by 13.8% in April, compared with 12.4% in … Continue reading

Posted by Nigel Tree | Leave a comment

Risks to the global recovery

The global recovery is firmly under way, but is taking place at different speeds across countries and regions, according to the OECD’s latest Economic Outlook. World gross domestic product (GDP) is projected to increase by 4.2% this year and by 4.6% in 2012. Across OECD countries GDP is projected to rise by 2.3% this year and by 2.8% in 2012, … Continue reading

Posted by Nigel Tree | Leave a comment

Protectionist pressures increasing

G20 governments have introduced more trade barriers, including export restrictions, in the past six months than in previous periods since the financial crisis began. This is according to a report by the World Trade Organization, the Organisation for Economic Co-operation and Development and the UN Conference on Trade and Development released yesterday. Although measures to lower trade barriers are also … Continue reading

Posted by Nigel Tree | Leave a comment

What Roger Bootle thinks about UK manufacturing

Roger Bootle, Managing Director of Capital Economics, shared his thoughts in an article in The Telegraph today. He examines the question: “Does manufacturing matter?” To which he answers ‘yes’. And to the question: ”given that we’ve got so little of it left, aren’t we essentially finished?” he answers ‘no’.   UK manufacturing’ share of GDP has fallen from over 30% … Continue reading

Posted by Nigel Tree | Leave a comment

Temporary rebound in retail sales?

Well, yes, retail sales volumes did increase by 1.1% in April compared to March. And yes, this was the biggest rise in retail sales since April 2002. But…. sales volume in the three months to April did only grow by 0.2%. It seems that the growth was only just a temporary blip mainly fuelled by the unseasonably warm weather and … Continue reading

Posted by Nigel Tree | Leave a comment

Fall in UK unemployment

Unemployment, measured by the Labour Force survey, fell by 36,000 in the three months to March 2011, to reach 2.46m. This is according to official statistics just released by the Office for National Statistics. This means that the unemployment rate was down 0.1 percentage point on the quarter, to reach 7.7%. The number of men unemployed fell by 31,000 to … Continue reading

Posted by Nigel Tree | Leave a comment

Big rise in inflation and heartfelt apologies from Mr King

Look away now if you are of a nervous disposition. Latest figures from the ONS this morning show that CPI annual inflation reached 4.5% in April, up from 4.0% in March. The only time CPI inflation was higher than this was in September 2008 when it reached 5.2% which was a record high. The RPI figure came in at 5.3% … Continue reading

Posted by Nigel Tree | Leave a comment

China’s April trade surplus will cause problems with the US

China recorded a trade surplus of $11.4bn or £7bn in April. This was from a surplus of only $140m in March but was about four times greater than analysts had been expecting. Why does this pose a problem for the US? It is because many Americans believe that the Chinese currency, the yuan, is undervalued. An undervalued currency means that … Continue reading

Posted by Nigel Tree | Leave a comment

Rail travel increases as petrol prices rise

The degree of substitution between rail and car travel has been highlighted in figures just published by the Association of Train Operating Companies (ATOC). These show that passenger numbers on the railways grew by 4.8% in the first three months of 2011, which meant growth over the financial year of 2010/11 of 6.6%. One of the main reasons for this … Continue reading

Posted by Nigel Tree | Leave a comment

FDI creates few jobs in developing countries

 A new UNCTAD report on the status of foreign direct investment (FDI) in the world´s 48 poorest countries urges a changed approach that would focus such investment on creating jobs, as well as on enhancing those countries´ productive capacities – that is, their abilities to produce wider varieties of goods and more sophisticated goods. The report is entitled Foreign Direct … Continue reading

Posted by Nigel Tree | Leave a comment