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Monthly Archives: October 2012

Fall in global foreign direct investment

Global foreign direct investment (FDI) inflows declined by 8 per cent in the first half of 2012, as the economic recovery suffered new setbacks in the second quarter of 2012, according to UNCTAD’s tenth Global Investment Trend Monitor.  The organisation now projects that FDI flows will, at best, level-off in 2012, at slightly below US$1.6 trillion. “Investment leads economic growth … Continue reading

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Some good news at last as GDP rises

There was a strong upturn in the UK economy in the third quarter of this year, as GDP grew by 1% from the second quarter level. This was following three consecutive quarters of contraction when the economy slipped back into recession and was the strongest quarterly growth since 2007 according to the figures released this morning by the Office for … Continue reading

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Slowest rate of UK inflation since November 2009

The Consumer Prices Index (CPI) annual inflation figure now stands at 2.2% for September, according to figures issued this morning by the Office for National Statistics. This is the lowest level for nearly three years when it reached 1.9% in November 2009. The reason for the decline in CPI was largely due to what didn’t happen. Twelve months ago there … Continue reading

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Renewable energy can stimulate rural economies

In the past ten years there has been more than $1 trillion of investment in renewable energy, and according to a report by the OECD (Linking Renewable Energy to Rural Development) this is now an important source of growth and jobs for many rural regions. The report used case studies from 16 regions in Europe, Canada and the US, but … Continue reading

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High trade growth for least-developed countries

The value of the total exports of least-developed countries (LDCs) including goods and commercial services, grew by 23.9 per cent in 2011 to reach US$229.8 billion, according to the World Trade Organisation (WTO). However, the LDC coordinator in the WTO, pointed out that “a lot remains to be done”. LDCs’ exports of manufactured goods and commercial services expanded by 24.8 … Continue reading

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The slowdown in global demand has reduced growth in OECD countries

Real GDP growth in the OECD area slowed to 0.2% in the second quarter of 2012, compared with 0.4% in the first quarter, according to figures released this morning by the OECD. In terms of the contributors to growth, the figures show that private consumption contributed 0.1 percentage point to GDP growth, compared with 0.3 percentage point in the previous … Continue reading

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UK trade deficit in August – 2nd highest on record

The UK’s deficit on trade in goods and services increased to £4.2bn in August, from £1.7bn in July, according to the Office for National Statistics. This was the second highest figure on record for the total trade deficit. Our trade in goods deficit also widened to £9.8bn from £7.3bn in July. This was due to a drop in exports and … Continue reading

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Nearly 70% now work in the EU’s service sector

Almost 70% of employed persons (which includes both employees and self-employed) in the 27 EU member countries, worked within the service sector in 2011. This was a sharp increase from the 62% recorded in 2000. These figures are according to the Labour Force Survey and have been made available this month by Eurostat. There is a distinction made in the … Continue reading

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Most major economies showing weakening growth – apart from the UK

This is a according to a survey published by the OECD this morning which measures Composite leading indicators (CLIs). These are designed to anticipate turning points in economic activity relative to trend, and show that most major economies will continue to see weakening growth in the coming quarters. The CLIs for the United Kingdom and Brazil continue to point to … Continue reading

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We’ve just lost £40m – how much was your share?

Incompetent government employees have just cost the UK £40m. That’s quite a bit more than I earn, yet as a taxpayer I have had to contribute to this waste of money. This is because of mistakes made in awarding the West Coast Main Line rail franchise to First Group, rather than the incumbents, Virgin Trains. Our new Transport Secretary, Patrick … Continue reading

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