Posts Tagged ‘Growth’
Manufacturing industry in the United States (U.S.) unexpectedly rebounded when compared with the slowdown that occurred in May.
Even so there are other data that weakened the factory area in Europe and Asia due to government efforts to curb inflation, which shows the global recovery is still fragile.
Index Institute for Supply Management (ISM) manufacturing rose 1.8 points to 55.3 last month after plunging to its lowest level over the past 20 months in May. This is the first increase in four months. Readings above 50 indicate growth.
Previously, the ISM index fell deep for seven consecutive years in February as the impact of high gas prices, and consumer spending is holding as a result of the tsunami earthquake that hit Japan on March 11, 2011 last. Read the rest of this entry »
Competition is getting hotter like a web browser. The growth rate of Google’s web browser, Chrome, which appeared in mid-2008 was reported to have hit back two other popular browsers, Internet Explorer (IE) and Mozilla Firefox.
The number of known IE market share is reduced and only 49.87 per cent or less than 50 percent. Fell sharply after earlier in the year 2003 reached 88 percent.
Chrome growth rate seems to also affect the Mozilla Firefox browser the second most popular desktop. Browser fire fox is known to only a 31.5 percent market share since May last year.
Chrome does have a market share of at least, as many as 11.54 percent. However, that number had increased sharply after only 3.69 percent in September last year. Read the rest of this entry »
To escape poverty, these countries must be overcome by making the policy to escape from crisis.
International Monetary Fund (IMF) said, to increase economic growth and reduce poverty, one of the factors that should be prioritized in the country is trade.
Deputy Manager Director John Lipsky said the IMF’s trade sector is one thing that can spur economic growth in poor countries and help reduce poverty and create jobs.
We have many trade gap that can be utilized better. Where it takes concrete steps to increase support for developing countries exports.
Read the rest of this entry »
Gold prices hit a record highs today after emerging uncertainty about the stability of the economy and financial sector in the U.S.. These conditions make investors sought a safe place to park their investment assets.
In trading Thursday (16/09/2010), price of gold sold for U.S. $ 1276.85 per ounce in the spot market, up compared to yesterday’s trading Wednesday sold U.S. $ 1,265.65 an ounce. On this day, gold had reached a record price of U.S. $ 1,277.05 per ounce, and many people who predict gold will touch U.S. $ 1,300 per ounce.
Silver prices also rose with increasing demand. Today, the price of silver in the spot market sold for U.S. $ 20.75 per ounce or the highest since March 2008. Read the rest of this entry »
Governor of Central Bank of the United States (U.S.) Ben Bernanke will offer a fresh option from the economic downturn. The government is expected to slash nearly half of projected growth since the second quarter.
Markets are haunted by fears of economic crisis the largest in the world might be slipping back into recession, where economic prospects and the Federal Reserve’s policy response can not be on time.
The government estimates that if economists revise its gross domestic product growth is most sharply in the second quarter to 1.4 percent from 2.4 percent.
Read the rest of this entry »
In the midst of world concern over the issue of slowing world economic growth, the dollar is these kinds of attention and great support from investors. Dollar spot is considered a safe investment for investors.
Quoting from the Associated Press (AP), Saturday (08/21/2010), at the close of trading in New York Friday local time, the dollar can be lowered european currency used in 16 European countries. Euro weakens against the dollar, from previous USD1, 2824 at the close Thursday to USD1, 2711.
At the close of trading Friday, the strengthening is not only going against the euro, but also touched on other currencies. As against the Japanese currency, the dollar strengthened to 85.76 yen from 85.32 yen.
In addition, the dollar also strengthened against the Swiss francs from 1.0331 francs to 1.0357 francs. A good improvement from the dollar to fall against sterling from USD1, 5596 to USD1, 5530.
Meanwhile, the Canadian dollar fell to 1.0487 Canadian dollars from 1.0395 Canadian dollars previously. However, the strengthening dollar it raised concerns several parties.
Read the rest of this entry »
Organization of Petroleum Exporting countries (OPEC) estimates that world oil demand growth will rise. The organization estimates that the increase in world demand for oil increased by 1.2 percent.
According to testimony quoted by the AFP on Saturday (14/08/2010), OPEC issued a report which includes a revision of world oil demand. the estimate for oil demand growth in 2010 reached 1.2 percent.
In OPEC’s monthly report issued last Friday, total world oil demand for 2010 now estimated to reach 85.5 million barrels per day, up from 84.46 million barrels per day in the year 2009.
“Demand for oil is stable in the U.S., projected world oil demand growth is revised up by 0.1 million barrels per day (bpd) to show a growth of 1.05 million barrels per day, or 1.2 percent,” OPEC said.
The association warned that a slower economy in the second half of this year, due to the phasing out of fiscal stimulus. This enrichment can affect world oil demand.
Read the rest of this entry »
Germany will continue to run its plans to borrow approximately 65 billion euros (or equivalent to USD83, 19 billion) this year.
According to the Ministry of Finance of Germany, this equipment will be done despite the conditions of the country’s economic growth began to improve and additional billions of euros in tax revenue.
As information, the gross domestic product (GDP) grew 2.2 percent in Germany the second quarter of this year. This growth beat all projections mentioned in the Reuters poll of 34 economists. It also sparked a number of parties expect economic growth this year over three percent.
Meanwhile, according to a report in the newspaper Rheinische Post, an economic institution, Germany’s Institute for World Economy (IFW) expects approximately 11 billion euros will be successfully obtained by the state through additional tax revenue this year and approximately 15 billion euros could be produced next year.
Read the rest of this entry »
Contract price of gold back to the highest level in eight weeks, due to increased demand for hedging in the middle of signaling a slowing global economic recovery.
Two news has been giving negative impact to make gold prices fell. The news that the U.S. stock indices (U.S.), weakened by rising unemployment in the U.S. to the highest level in five months, an unexpected and the Federal Reserve’s statement on August 10 regarding the economic growth not as expected. So make the price of gold touched USD1.266, 50 per ounce on June 21.
Prices of gold futures contract for December delivery closed up USD17, 50, or 1.5 percent, to USD1.216, 70 at 1:44 pm on the Comex, New York. This represents the largest increase for the most-active contract since June 17. Previously, the price reached USD1.218 position, 50, its highest level since July 13.
Read the rest of this entry »
CHAPTER 1INTRODUCTION AND THEORETICAL BACKGROUND
Economists through out the world are searching for what really are the major determinants of growth of an economy and different policies have been used in pursuit of the answers. The world as large has gone through a lot of economic problems, such as depressions of 1930s, 1970s and 1980s. The 1930 depression led to employing of the Keynesian policies of strict government intervention. However, the 1970s depression made policy makers lose faith in Keynesian economics. Nevertheless, most Third World countries continued with their central planning type of economic policies. There was strong disenchantment with this type of policies, which led growing number of economists and influential international development organisations to begin, in recent years, to advocate the increased use of the market mechanism that is to liberalise the markets, as the key instrument of promoting greater efficiency. In this regard economic liberalisation implies minimisation of government intervention in allocating economic resources and letting the market forces play the cardinal role, doing away with all forms of government distortions in running the economy. The market forces should play a leading role in financial, trade, labour, commodity markets and other sectors, increasing reliance in market forces is normally accompanied by stabilisation programs, (Krueger 1978,1985).
There has been an increasing call for the private sector to take up the challenges of national development. According to Robert Barro (1996), most empirical facts point to primacy of government choices; countries that have pursued broadly free market policies, in particular trade liberalisation and maintenance of secure property rights, have experienced higher growth, than those which pursue central planning type of policies. For this reason, there have been calls for the privatisation programs. Read the rest of this entry »