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Category Archives: economic growth
Emerging economies have seen an improvement in economic growth, but has this led to an improvement in the jobs market?
Emerging markets are generally considered to be middle-income countries that have been growing or are currently growing and developing quite rapidly. These economies have just been analysed in a new book published by the International Labour Organisation entitled: “The labour markets of emerging economies: Has growth translated into more and better jobs.” Basically the book suggests that benefits to workers … 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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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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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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Chinese manufacturing continues to contract
It is now 11 months in a row that China has seen a contraction in this major sector. The Flash China manufacturing purchasing managers’ index (PMI) produced by the bank HSBC, and eagerly awaited in economic circles, shows that the nine-month low of 47.6 in August, reached 47.8 mid way through September. The cause for concern is that any figure … Continue reading
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Downside risks for the world economy are growing again
Well at least something is growing! But this gloomy prognosis comes not from me, although I agree with it, but from the Trade and Development Report 2012, which was published last week by the United Nations Conference on Trade and Development (UNCTAD). The Report highlights the immediate problem of the developed countries as the ability to return to a normal … Continue reading
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If only a double-dip was an ice cream
In the last few minutes it has just been announced that the UK is officially back in recession. Gross Domestic Product fell by 0.2% in the first quarter of this year, which follows on from a decline of 0.3% in the fourth quarter of last year. The official definition of a recession is two consecutive quarters of negative growth. And, … Continue reading
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Inflation to stay above target and unemployment to rise to 3 million
This is included in the latest forecast from the Centre for Economics and Business Research (Cebr), which has been voted the best GDP forecaster for 2011. The Cebr forecasts that increases in oil and commodity prices – reflecting the impact of quantitative easing in the US and Eurozone – mean that their inflation forecast has had to be raised sharply … Continue reading
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Divergence in growth between US and Europe
Economic growth in the G7 countries is expected to be firmer through the first half of 2012, but the recovery remains fragile and will likely proceed at different speeds in North American and Europe, according to the OECD in its latest Interim Economic Assessment. The Assessment, presented in Paris by Chief Economist Pier Carlo Padoan, says the G7 economies are … Continue reading
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UK growth revised downwards for last year
UK gross domestic product (GDP) fell by 0.3% in the fourth quarter of 2011, according to the Office for National Statistics (ONS). This follows two previous estimates of – 0.2% for the quarter. This had the effect of reducing total growth in 2011 down to 0.7% from the 0.8% earlier estimate. In the last quarter of 2011 output of the … Continue reading
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