The document discusses several global economic issues:
1) An agreement was reached for a bailout of Cyprus, but it set questionable precedents by taxing bank deposits and wiping out bondholders.
2) Capital inflows to developing countries increased in early 2013, appreciating currencies in places like China, Brazil, and Mexico.
3) The US housing sector continued recovering in early 2013, with home prices and transactions rising, while Japan announced a major monetary stimulus to boost inflation.
This monthly briefing highlights that emerging economies face renewed financial turbulence, that US economy registered robust GDP growth in the fourth quarter of 2013 and that the last quarter of 2013 revealed a heterogeneous economic performance in the developing world.
For more information:
http://www.un.org/en/development/desa/policy/wesp/wesp_mb.shtml
Cover Story End to QE: Not a great idea for Asia?
Outlook Chinese Yuan
Stats India Gloom on GDP, Fiscal Deficit and Mining and Manufacturing output
Emerging Country Nigeria
In Focus Facts on Food Security Bill
Etude PwC Global Economy Watch (fév. 2015)PwC France
http://bit.ly/GlobalEconomyWatchfev15-CP
Selon la dernière étude « Global Economy Watch » du cabinet d’audit et de conseil PwC, les économies importatrices nettes de pétrole, telles que la zone Euro, les États-Unis et le Japon devraient être les grandes gagnantes de la chute du prix du pétrole au cours de l’année 2015. La zone Euro devrait également bénéficier à court terme du programme d’assouplissement quantitatif annoncé par la BCE.
This monthly briefing highlights that emerging economies face renewed financial turbulence, that US economy registered robust GDP growth in the fourth quarter of 2013 and that the last quarter of 2013 revealed a heterogeneous economic performance in the developing world.
For more information:
http://www.un.org/en/development/desa/policy/wesp/wesp_mb.shtml
Cover Story End to QE: Not a great idea for Asia?
Outlook Chinese Yuan
Stats India Gloom on GDP, Fiscal Deficit and Mining and Manufacturing output
Emerging Country Nigeria
In Focus Facts on Food Security Bill
Etude PwC Global Economy Watch (fév. 2015)PwC France
http://bit.ly/GlobalEconomyWatchfev15-CP
Selon la dernière étude « Global Economy Watch » du cabinet d’audit et de conseil PwC, les économies importatrices nettes de pétrole, telles que la zone Euro, les États-Unis et le Japon devraient être les grandes gagnantes de la chute du prix du pétrole au cours de l’année 2015. La zone Euro devrait également bénéficier à court terme du programme d’assouplissement quantitatif annoncé par la BCE.
Weekly Forex News February 24th 2013 FCTO: Financial markets were rocked by the Federal Open Market Committee minutes overnight as that triggered speculation that the Fed could tune or stop the open-ended third round of quantitative easing sooner than expected. The Dow Jones dropped 108 points to close below the 14000 level at 13927. Gold was shot hard and dropped to as low as 1554 today as it finally decisively took out the 1600 psychological level. The Dollar index soared through the 81 level and is now heading to the 81.46 resistance and above. In the currency markets the dollar was broadly higher overnight and the strength carried on into the Asian session today. The Sterling is particularly weak as weighed down by the Bank of England minutes released yesterday and braking through an important medium term support level. The Japanese Yen also rebounded strongly against most major currencies but USD/JPY is still stuck in range.
New developments cast doubts on global recovery
This monthly briefing highlights that sequestration may lead to lower growth in the United States, continuing weaknesses in the European Union, China announcing a GDP target of 7.5 per cent, while India boosts budget spending.
For more information:
http://www.un.org/en/development/desa/policy/index.shtml
Please find a Global Currency Outlook, with an easy navigation menu to each of the individual currencies. A fantastic insight into what could be a very volatile end to Q3.
Cover Story China Running out of Breath
Outlook Crude Oil
Stats India Trade Deficit FY-2014
Emerging Country Russia
In Focus Land Acquisition Bill- A Snapshot
When Victor Yanukovich won Ukraine’s presidential election in February 2010, it marked the official end of the Orange Revolution. Soon after taking office, Yanukovich managed to form a loyal parliamentary coalition in a legally dubious way and, consequently, appointed his ally Mykola Azarov as Prime Minister. Indeed this decision may have made state governance more predictable and even provided for shortterm economic stability, but it may have come at the expense of Ukraine’s democratic freedom and long-term economic prospects.
Authored by: Dmytro Boyarchuk, Vladimir Dubrovskiy, Olga Kravets, Kateryna Ruskykh
Published in 2010
Jamestown Latin America | Trends + Views | Colombia | May 2013Ferhat Guven
Last week, in a visit to Bogotá, Colombia, we held a series of meetings with government officials, economists, consultants, fund managers and real estate specialists, as part of our on the ground research effort.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
The global economy is expected to continue expanding at a moderate pace over the coming two years, but policymakers must ensure that instability in financial markets and underlying fragility in major economies are not allowed to derail growth, according to the OECD’s latest Economic Outlook.
- Grim prospects for world economy
- Premature fiscal austerity in developed countries is hampering recovery
- Developing countries remain vulnerable to downturns in the developed economies
This monthly briefing highlights that anaemic economic recovery is accompanied by tame inflation in developed economies; that GDP growth is stronger than expected in the United States and that currencies in some emerging economies are under pressure again.
For more information:
http://www.un.org/en/development/desa/policy/wesp/wesp_mb.shtml
Weekly Forex News February 24th 2013 FCTO: Financial markets were rocked by the Federal Open Market Committee minutes overnight as that triggered speculation that the Fed could tune or stop the open-ended third round of quantitative easing sooner than expected. The Dow Jones dropped 108 points to close below the 14000 level at 13927. Gold was shot hard and dropped to as low as 1554 today as it finally decisively took out the 1600 psychological level. The Dollar index soared through the 81 level and is now heading to the 81.46 resistance and above. In the currency markets the dollar was broadly higher overnight and the strength carried on into the Asian session today. The Sterling is particularly weak as weighed down by the Bank of England minutes released yesterday and braking through an important medium term support level. The Japanese Yen also rebounded strongly against most major currencies but USD/JPY is still stuck in range.
New developments cast doubts on global recovery
This monthly briefing highlights that sequestration may lead to lower growth in the United States, continuing weaknesses in the European Union, China announcing a GDP target of 7.5 per cent, while India boosts budget spending.
For more information:
http://www.un.org/en/development/desa/policy/index.shtml
Please find a Global Currency Outlook, with an easy navigation menu to each of the individual currencies. A fantastic insight into what could be a very volatile end to Q3.
Cover Story China Running out of Breath
Outlook Crude Oil
Stats India Trade Deficit FY-2014
Emerging Country Russia
In Focus Land Acquisition Bill- A Snapshot
When Victor Yanukovich won Ukraine’s presidential election in February 2010, it marked the official end of the Orange Revolution. Soon after taking office, Yanukovich managed to form a loyal parliamentary coalition in a legally dubious way and, consequently, appointed his ally Mykola Azarov as Prime Minister. Indeed this decision may have made state governance more predictable and even provided for shortterm economic stability, but it may have come at the expense of Ukraine’s democratic freedom and long-term economic prospects.
Authored by: Dmytro Boyarchuk, Vladimir Dubrovskiy, Olga Kravets, Kateryna Ruskykh
Published in 2010
Jamestown Latin America | Trends + Views | Colombia | May 2013Ferhat Guven
Last week, in a visit to Bogotá, Colombia, we held a series of meetings with government officials, economists, consultants, fund managers and real estate specialists, as part of our on the ground research effort.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
The global economy is expected to continue expanding at a moderate pace over the coming two years, but policymakers must ensure that instability in financial markets and underlying fragility in major economies are not allowed to derail growth, according to the OECD’s latest Economic Outlook.
- Grim prospects for world economy
- Premature fiscal austerity in developed countries is hampering recovery
- Developing countries remain vulnerable to downturns in the developed economies
This monthly briefing highlights that anaemic economic recovery is accompanied by tame inflation in developed economies; that GDP growth is stronger than expected in the United States and that currencies in some emerging economies are under pressure again.
For more information:
http://www.un.org/en/development/desa/policy/wesp/wesp_mb.shtml
The full report presents a post-crisis world economy still struggling with continued weakening growth of 2.2 per cent in 2012. It projects disappointing global growth of 2.4 per cent in 2013 and 3.2 per cent in 2014 in the face of major uncertainties and downside risks and it also foresees a much slower pace of poverty reduction in many developing countries and narrowing fiscal space for investments in the many critical areas needed for achieving the Millennium Development Goals. The report calls for more forceful and concerted policy action at the global level, identifying fiscal and employment policies, financial market stability, development assistance and green growth as key challenges.
For more information: http://bit.ly/WESP
Deloitte global powers of consumer products 2014vishalsingh660
To start a new section, hold down the apple+shift keys and click
to release this object and type the section title in the box below.
Global Powers of Consumer Products 2014
Deloitte Touche Tohmatsu Limited (DTTL) is
pleased to present the 7th annual
Global Powers of
Consumer Products
. This report identifies the 250 largest
consumer products companies around the world based
on publicly available data for the fiscal year 2012
(encompassing companies’ fiscal years ended through
June 2013).
The report also provides an outlook for the global
economy, an analysis of market capitalization in the
industry, a look at M&A activity in the consumer
products sector, and a discussion of major trends
affecting consumer products companies.
MTBiz is for you if you are looking for contemporary information on business, economy and especially on banking industry of Bangladesh. You would also find periodical information on Global Economy and Commodity Markets.
2014 has held many surprises for investors but overall the year has been a good one. Equity markets continue to perform well leaving analysts to wonder if this is a genuine upturn in the global economic landscape, or another bubble ready to burst. Halfway through the year is an ideal time for investors to pause and evaluate their strategy as it relates to financial opportunities and pitfalls.
Financial instruments statistics important for central banks, and especially for the National Bank of Poland because if the statistical system imposes a responsibility on the central bank it must meet all the requirements of statistical excellence. This is a very important argument, but only a formal one for our interest in this subject. There is a second stream of motives for addressing this problem in central banks. Experience gained over the last decade shows clearly that financial instruments, especially those issued by enterprises, are becoming increasingly important for monetary transmission mechanisms and for financial stability. Among other things, there is empirical evidence that corporate bond spreads lead real economic activity. The situation in the financial instruments market is also meaningful for the general condition of the credit market, as bonds are close substitutes for banking credit. Development of the financial instruments market also contributes to the so-called financial market deepening effect, with multiple consequences for transmission mechanisms.7 It should be noted that, owing to the wide variety of channels through which financial instruments can interfere with monetary policy operations, the central banks are interested in collecting detailed information on these instruments. In practice it results in a complexity of standards for financial instruments security statistics that central banks are expected to meet.
Today, 54 per cent of the world’s population lives in urban areas, a proportion that is expected to increase to 66 per cent by 2050. Projections show that urbanization combined with the overall growth of the world’s population could add another 2.5 billion people to urban populations by 2050, with close to 90 percent of the increase concentrated in Asia and Africa, according to a new United Nations report launched on 10 July 2014.
Millions of people’s lives have improved due to concerted global, regional, national and local efforts to achieve the Millennium Development Goals (MDGs), which serve as the foundation for the next global development agenda, according to the report launched by the Secretary-General on 7 July 2014.
For more information:
http://www.un.org/en/development/desa/publications/mdg-report-2014.html#more-873
DESA News is an insider's look at the United Nations in the area of economic and social development policy. The newsletter is produced by the Communications and Information Management Service of the United Nations Department of Economic and Social Affairs in collaboration with DESA Divisions. DESA News is issued every month.
For more information:
http://www.un.org/en/development/desa/newsletter/desanews/2014/08.html
DESA News is an insider's look at the United Nations in the area of economic and social development policy. The newsletter is produced by the Communications and Information Management Service of the United Nations Department of Economic and Social Affairs in collaboration with DESA Divisions. DESA News is issued every month.
For more information:
http://www.un.org/en/development/desa/newsletter/desanews/2014/07.html
DESA News is an insider's look at the United Nations in the area of economic and social development policy. The newsletter is produced by the Communications and Information Management Service of the United Nations Department of Economic and Social Affairs in collaboration with DESA Divisions. DESA News is issued every month.
For more information:
http://www.un.org/en/development/desa/newsletter/desanews/2014/06.html
DESA News is an insider's look at the United Nations in the area of economic and social development policy. The newsletter is produced by the Communications and Information Management Service of the United Nations Department of Economic and Social Affairs in collaboration with DESA Divisions. DESA News is issued every month.
For more information:
http://www.un.org/en/development/desa/newsletter/desanews/2014/05.html
DESA News is an insider's look at the United Nations in the area of economic and social development policy. The newsletter is produced by the Communications and Information Management Service of the United Nations Department of Economic and Social Affairs in collaboration with DESA Divisions. DESA News is issued every month.
For more information:
http://www.un.org/en/development/desa/newsletter/desanews/2014/04.html
DESA News is an insider's look at the United Nations in the area of economic and social development policy. The newsletter is produced by the Communications and Information Management Service of the United Nations Department of Economic and Social Affairs in collaboration with DESA Divisions. DESA News is issued every month.
For more information:
http://www.un.org/en/development/desa/newsletter/desanews/2014/03.html
E-government—digital interactions between governments and people—varies greatly among and within regions, but most countries are making progress on providing greater access, according to the 2014 UN E-Government Survey launched today. The findings show that the Republic of Korea tops the global e-government ranking, and that Europe remains first among regions.
The report also shows that many countries are expanding electronic participation, utilizing more mobile and social media tools, expanding usage and making more government data available online. However, challenges remain, such as lack of resources, digital inequalities and a lack of leadership for e-government.
“E-government holds tremendous potential to improve the way that governments deliver public services and enhance broad stakeholder involvement in public service,” said Wu Hongbo, Under-Secretary-General for Economic and Social Affairs and Secretary-General for the International Conference on Small Island Developing States.
For more information: http://unpan3.un.org/egovkb#.U7HG_PldVlq
This monthly briefing highlights that financing conditions improve in euro area peripheral countries and in emerging economies, that the US economy bounces back after a difficult first quarter and that China’s first-quarter GDP growth is the slowest in two years.
For more information:
http://www.un.org/en/development/desa/policy/wesp/wesp_mb.shtml
The World Youth Report 2013—Youth Migration and Development is the product of the efforts, contributions and support of many people and organizations. From the outset, the process of developing the Report involved a range of participatory
consultations designed to draw on the perspectives of youth on how migration affects them. These consultative sessions
included a five-week e-consultation process, a survey on youth migration and development, a call for visual art
illustrating the daily life experiences of young migrants as well as youth initiatives on migration and development,
and a Google+ Hangout held on 6 March 2013 to identify sustainable solutions for addressing youth migration challenges.
For more information: http://www.unworldyouthreport.org/
The global economy is expected to strengthen over the next two years, despite a downgrade of growth prospects for some developing economies and economies in transition, according to the UN World Economic Situation and Prospects (WESP) 2014 mid-year update, launched on 21 May, 2014. Global growth has been revised slightly lower from the forecasts presented in the WESP 2014. Growth of world gross product (WGP) is now projected at 2.8 per cent in 2014 and 3.2 per cent in 2015, up from 2.2 per cent in 2013. However, this pace of expansion is still low compared to the growth path before the 2008 global financial crisis.
For more information: http://www.un.org/en/development/desa/policy/wesp/index.shtml
The slides contain the detailed maps and graphs of World Fertility Patterns 2013 wall chart which presents the latest data available on indicators of fertility patterns at the national, regional and world levels.
For more information:
http://www.un.org/en/development/desa/population/publications/fertility/fertility-patterns-2013.shtml
The slides contain the detailed maps and graphs of World Contraceptive Patterns 2013 wall chart which presents the latest data available on two of the indicators under Millennium Development Goal 5 to improve maternal health: contraceptive prevalence and unmet need for family planning. Estimates of specific contraceptive methods used in major areas and sub-regions of the world are also presented.
For more information: http://www.un.org/en/development/desa/population/publications/family/contraceptive-wallchart-2013.shtml
This monthly briefing highlights that global employment remains a challenge; the United States Federal Reserve faces challenges in adjusting its monetary policy and that financial markets in emerging economies attempted to stabilize.
For more information:
http://www.un.org/en/development/desa/policy/wesp/wesp_mb.shtml
The Economic and Social Council will hold its Special high-level meeting with the World Bank, International Monetary Fund, the World Trade Organization and the United Nations Conference on Trade and Development on 14 and 15 April at the United Nations Headquarters, New York. The overall theme of the meeting will be “Coherence, coordination and cooperation in the context of financing for sustainable development and the post-2015 development agenda”.
For more information:
http://www.un.org/esa/ffd/ecosoc/springmeetings/2014/index.htm
This monthly briefing highlights how the world economy is struggling to gain momentum, emerging economies facing policy dilemma in trying to stabilize currencies and the G20 meeting making a call for new measures to lift growth and create jobs.
For more information:
http://www.un.org/en/development/desa/policy/wesp/wesp_mb.shtml
Published by the Division for Social Policy and Development (DSPD) of UN DESA, the report places special focus on policy and disadvantaged social groups, in addition to examining the consequences of high inequality. “Much can be learnt from those countries that managed to reduce inequality even under an uncertain and volatile global environment,” said Mr. Wu Hongbo, UN DESA’s Under–Secretary-General. “The international community can play a role in providing support to policies that help reduce inequality.”
A unique contribution of the report is that it brings special attention to the disparities that are experienced by five specific social and population groups – youth, indigenous peoples, older persons, persons with disabilities and migrants – and also illustrates how such disparities intersect with and reinforce one another.
The report illustrates that growing inequalities can be brought to a stop by integrated policies that are universal in principle while paying particular attention to the needs of disadvantaged and marginalized populations. It reminds world leaders that, in addressing inequalities, policy matters.
For more information:
http://undesadspd.org/ReportontheWorldSocialSituation/2013.aspx
DESA News is an insider's look at the United Nations in the area of economic and social development policy. The newsletter is produced by the Communications and Information Management Service of the United Nations Department of Economic and Social Affairs in collaboration with DESA Divisions. DESA News is issued every month.
For more information:
http://www.un.org/en/development/desa/newsletter/desanews/2014/02.html
The World Economic Situation and Prospects 2014 reports that the global economy is improving but remains vulnerable to new and old headwinds. Global economic growth is forecast to accelerate from a sluggish 2.1 per cent in 2013 to 3.0 per cent in 2014 and 3.3 per cent in 2015. The report warns of the risks associated with the upcoming unwinding of quantitative easing programs in major developed economies.
For more information: http://bit.ly/WESP
More from Department of Economic and Social Affairs (UN DESA) (20)
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
USDA Loans in California: A Comprehensive Overview.pptx
April 2013 World Economic Situation and Prospects
1. Global issues
Agreement reached in Cyprus, setting questionable precedents
Agreement was finally reached on a rescue programme for Cyprus. Cypriot
banks were hard hit by the write-down of their holdings of Greek sover-
eign debt resulting from the Greek bailout agreement. Cypriot bank assets
are over seven times the size of the country’s GDP, making a government
bailout impossible without external support. The Government officially
applied for assistance from the European rescue fund earlier in 2012, but
final negotiations were delayed until after the presidential election. The
banks were kept afloat by emergency liquidity assistance from the Euro-
pean Central Bank. The bailout required about €17 billion, to be generated
through a combination of bank restructuring and aid. However, Cypriot banks are funded primarily via deposits, so that a bailing-in
of both junior and senior bondholders would be insufficient, requiring deposit holders be involved.
A potential agreement on March 16 included a levy on all bank accounts, even accounts below €100,000 that were supposed to be
protected by deposit insurance. The agreement was rejected by the Cypriot parliament. The final plan, agreed on March 25, includes
a bail-out fund of €10 billion (including €1 billion supplied by the IMF) to support government financing needs in exchange for an
IMF supervised reform program and a complete restructuring of the two largest banks. The restructuring calls for closing the country’s
second largest bank, Laiki, freezing and placing its large deposits in a “bad bank”, wiping out junior and senior bondholders (in other
bailouts, senior bondholders have not faced such losses), and transferring the remaining small deposits to the Bank of Cyprus (BOC),
the nation’s largest lender. The BOC will inherit the €9 billion that Laiki owes the eurosystem for central bank loans, and Laiki will be
completely restructured. No bailout money will be used to recapitalize BOC; rather, large deposit holders will be “bailed in” to reach
capital levels mandated by the European Union (EU). For the first time in a euro area country, temporary capital controls were intro-
duced. A key question is whether this plan sets a precedent for
future possible bailouts or not. With depositors now included,
and deposit guarantees less ironclad, any hint of weakness in a
bank could lead very rapidly to deposit flight and insolvency.
Higher capital inflows to developing countries
By the end of 2012, global liquidity and improvements in fi-
nancial markets along with enhanced economic outlook in
some emerging economies encouraged investors’ risk appetite
and the search for higher yields. As a result, capital inflows
increased notably to developing countries. Despite some vola-
tility, this trend has continued in early 2013. According to
estimates by the World Bank, capital inflows to developing
countries increased by 47 per cent in January and February
in comparison to the same period in 2012. In January, capital
inflows reached $53.7 billion, more than 20 per cent higher
than last year’s monthly average. Portfolio investments, espe-
cially in the bond markets, have driven the rising trend so far
in 2013. In January, capital inflows on bond issuances reached
a record of $36.9 billion, especially into East Asia.
1
Note for the Secretary-General prepared under the general guidance of ASG Shamshad Akhtar by a team in Global Economic Monitoring Unit including
Pingfan Hong (Chief), Sebastian Vergara (coordinator), Clive Altshuler, Grigor Agabekian, Hung-Yi Li, Matthias Kempf, Ingo Pitterle, Pierre Kohler and John
Winkel, supported by Mary Lee Kortes, Nancy Settecasi, Leah C. Kennedy, Cordelia Gow, and Ann D’lima.
Contact email: hong@un.org, http://www.un.org/en/development/desa/policy/wesp/wesp_mb.shtml
Development Policy and Analysis Division w Department of Economic and Social Affairs
World Economic Situation and Prospects
Monthly Briefing
Summary
• Renewed concerns about banking fragility in
the euro area
• Capital inflows into emerging markets gain
momentum
• The Bank of Japan discloses its new monetary
stance which is beyond market expectations
• United States housing market strengthens
further
No. 53 9 April 2013
Source: JP Morgan.
Figure: Effective exchange rates of emerging economies of the G20
Index: 100 = August 1, 2012
85
90
95
100
105
110
6/08/2012
5/09/2012
5/10/2012
4/11/2012
4/12/2012
3/01/2013
2/02/2013
4/03/2013
Turkey
Russian Federation
India
Republic of Korea
ChinaArgentina Brazil
Indonesia Mexico
South Africa
2. 2 Monthly Briefing on the World Economic Situation and Prospects
Official data in some countries also illustrate this trend. In Brazil, capital inflows in January and February reached $18 billion,
more than double the monthly average of 2012. In Turkey, capital inflows reached $6.7 billion in January, 15 per cent higher than
the monthly average for 2012. In Mexico, portfolio investments increased sharply in the fourth quarter of 2012, reaching a second
quarterly record high of $23 billion. Higher capital inflows to Mexico have continued in early 2013, thus raising concerns about the
potential effects in the monetary stance (see section on Latin America and the Caribbean below).
As a result of these developments, emerging market domestic currencies have appreciated. Though the appreciation has been mod-
erate so far, it is a common trend among most economies (see figure below). In China, the nominal effective exchange rate increased
by 7 per cent in the last 6 months, and the yuan reached a 19-year high against the dollar in late March 2013. In Brazil and Mexico
the nominal effective exchange rate increased by 6 and 5 percent, respectively. In Indonesia, the Republic of Korea, the Russian Fed-
eration and Turkey the appreciation was about 4 per cent.
Developed economies
The United States: housing sector continues to improve
In the United States, the housing sector has seen sustained recovery since 2011, when construction activity for residential housing
started to pick up after a five-year slump. In 2012, residential fixed investment grew by 12.1 per cent from the previous year and
accounted for 13 per cent of GDP growth. For the first time since 2006, residential investment did not drag down GDP growth.
In early 2013, transactions in housing markets moved upward at a strong pace, with the number of houses sold increasing about
20 per cent from one year ago. The major indices for housing markets, including the Standard & Poor/Case Shiller home price index,
the Federal Housing Finance Agency house price index and the Census Bureau average sale price, all reported noticeable increases
from the previous year. According to the flow-of-funds data from the Federal Reserve, towards the end of 2012, the value of real estate
for household and non-profit organizations had recovered by 8.9 per cent from the bottom of Great Recession. Combined with the
deleveraging process in the household sector, the ratio of outstanding mortgages to the value of real estate has declined to 47.4 per cent
from the peak of 56.0 per cent.
Japan: QQME announced
On 4 April, the Bank of Japan (BOJ) surprised markets by announcing a “Quantitative and Qualitative Monetary Easing (QQME)”
program which was much more aggressive than expected. Under the QQME, the BOJ intends to raise the headline inflation rate
to 2 per cent within two years. In order to raise inflation expectations by boosting asset prices, the BOJ will massively increase its
holdings of Japanese Government bonds (JGB) and other securities. Correspondingly, the BOJ decided to switch the operation
target from the overnight call rate to the monetary base, which the BOJ plans to double by the end of 2014.
Under the new “quantitative” easing, the BOJ will increase the monetary base at the pace of 60-70 trillion yen per year, including
net increases of about 50 trillion yen worth of JGBs per year. The “qualitative” easing means the BOJ will expand the purchase target to
JGBs with all maturities, including 40-year bonds. Consequently, the average remaining maturity of the BOJ’s JGB purchases will
increase to 7 years from the current level of less than 3 years. It will also increase holdings of exchange-trade funds and Japan
real estate investment trusts, with a view to lowering risk premia of asset prices. In the five days after the announcement,
the Japanese yen depreciated by 5.5 per cent and 6.9 per cent vis-à-vis the United States dollar and the euro, respectively.
Western Europe: rising uncertainty dents confidence
After a number of months of gradually improving confidence in the euro area, tensions have resurfaced and confidence has dete-
riorated. The unresolved political situation in Italy, followed by the eruption of the long simmering financial crisis in Cyprus, have
both stoked tensions. So far, sovereign bond markets have remained quiet with only a slight up-tick in crisis country yields from the
lows in February. However, indicators of confidence have deteriorated. The European Commission’s Economic Sentiment Index fell
in March after four consecutive months of improvement. It remains low by historical standards. Both Germany and France saw de-
teriorations, which were also confirmed in national indices. The Markit Eurozone PMI Composite Output Index fell for the second
month in a row, and remains in the contraction zone.
Hard economic data for January were generally poor. After increasing in December, both industrial production and construc-
tion activity fell, and show little evidence of a convincing turnaround. Retail sales rose, but again show no evidence for a sustained
upturn. These results point to continuing contraction in the first quarter of 2013, albeit at a more moderate pace than in the final
quarter of 2012.
3. 3Monthly Briefing on the World Economic Situation and Prospects
New EU members: continued monetary easing
The economic trends in Central Europe remain fragile. In Poland, industrial output dropped in February by 2.4 per cent year on
year, as vehicle production shrank by 30 per cent. Several other sectors, including construction and energy, also contracted. In the
Czech Republic and Hungary, industrial production fell by 4.1 per cent and 1.4 per cent year on year, respectively. By contrast, in-
dustrial output in some Baltic States has increased. In Estonia, industrial output increased in February by 5.5 per cent year on year,
bolstered by manufacturing of electronic products.
Subdued domestic demand further slowed down inflation. Annual inflation in February subsided to 2.8 per cent in Hungary and
1.3 per cent in Poland. In both countries, the central banks continued their cycle of monetary easing, reducing the corresponding
policy rates in March by 25 and 50 basis points, respectively. Labour markets in most of the region are slow to recover. In Poland
the unemployment rate increased further in February, to 14.4 per cent. In the Baltic States, where the labour market trends are more
positive, the share of part-time employment in total employment remains higher than in the pre-crisis period.
Economies in transition
CIS and Georgia: Tajikistan joins the World Trade Organization
Economic performance of the CIS countries remained diverse in early 2013. The economy of the Russian Federation is apparently
loosing steam. In February, GDP growth was estimated at a meagre 1.6 per cent year on year. Domestic demand noticeably weak-
ened following deteriorating consumer sentiment and slowing credit growth. In February, inflation accelerated to 7.3 per cent on
the basis of higher food prices and rises in administered tariffs.
The Ukrainian economy also remained weak, with industrial output in February falling by 6 per cent year on year. The record
snowfall in March will further complicate the economic recovery. In February, the Government of Ukraine approved a plan to stimu-
late the economy, in particular by creating a state-owned development bank. However, financing this initiative might be problematic.
The Government also decided to raise tariffs on imported cars to protect domestic industry, which may trigger reciprocal increases in
tariffs on Ukrainian exports, such as steel or agricultural products, by trading partners. In Azerbaijan, GDP increased by 3.5 per cent
in January-February, as the non-oil sector expanded by 10.5 per cent. In Central Asia, Tajikistan officially joined the World Trade
Organization in March, becoming its 159th member.
South-Eastern Europe: Croatia is set to join the EU
Domestic demand remains depressed in Serbia, offsetting the impact of enhanced export performance. Although industrial produc-
tion and exports increased in January by 2.4 and 19.9 per cent year on year, respectively, retail sales declined in real terms by 9.3 per cent
year on year. In February, the Government of Serbia successfully placed $1.5 billion of seven-year Eurobonds, at a much lower rate
than during earlier bond issues. Some upturn in industrial output in the region is partially related to a stronger energy output due to
a harsh winter. Industrial production increased by 3.4 per cent year on year in January in Croatia and by 4.5 per cent year on year
in the former Yugoslav Republic of Macedonia. In March, the European Commission in its final report concluded that Croatia is
ready to join the EU in July 2013, becoming the twenty-eighth member of the block.
Developing economies
Africa: more investment by China; Egypt’s situation still precarious
China signed an agreement with Tanzania to build a major port and industrial zone there, estimated to cost up to $10 billion —
equivalent to 36 per cent of GDP. This comes after a new announcement by a major oil company of a third discovery of natural
gas off the coast of Tanzania, bringing the estimated recoverable reserves to between 10 and 13 trillion cubic feet. As a result, the
company announced plans to construct a $14 billion liquefied natural gas facility, for export.
The situation in Egypt remains precarious as wheat stocks are down to 85 days of import coverage, from 95 days in February,
and food prices are up sharply. Fuel imports and stocks are running low as well. The central bank raised its discount rate by 75 basis
points to 10.25 per cent in an effort to anchor inflation expectations. Meanwhile, South Africa’s current-account deficit increased to
6.3 per cent of GDP in 2012 from 3.4 per cent in the previous year. On the trade side, export growth was limited to 2.8 per cent by
weak external demand and strikes in the mining sector, while imports increased by 15.4 per cent on the back of consumption and
investment demand.
4. 4
East Asia: China’s growth recovery on track
In China, recent data point to an ongoing moderate recovery in economic growth. Manufacturing indices moved up in March,
signalling a solid expansion in activity. New home prices rose for the tenth consecutive month as demand increased ahead of prop-
erty curbs by local governments. In Beijing and Shanghai, authorities announced a series of measures to cool the resurgent property
market, including higher down payments.
The central banks in Papua New Guinea and Viet Nam further loosened monetary policy in March by cutting their main policy
rates. In both countries, the monetary authorities responded to slowing growth and reduced inflationary pressures. Viet Nam’s econ-
omy expanded by 4.9 per cent in the first quarter of 2013 year on year. In 2012, Viet Nam’s annual GDP growth rate had declined
to 5 per cent, the weakest pace in 13 years. Consumer price inflation fell to a multi-year low of 6.6 per cent year on year in February
and domestic credit growth has remained subdued. In Papua New Guinea, growth is projected to decelerate markedly in 2013 owing
to the end of the construction phase of a large liquefied natural gas project.
South Asia: Reserve Bank of India further cuts policy rate; inflationary pressures persist
In response to the ongoing slowdown in GDP growth, the Reserve Bank of India (RBI) further cut its main policy interest rate,
bringing the repurchase rate down by 25 basis points to 7.5 per cent. Persistently high consumer price inflation, however, continues
to limit the RBI’s room for monetary easing. In February, consumer prices were 10.9 per cent higher than a year ago, primarily
owing to strong price pressures from food items, especially cereals and proteins. Inflationary pressures have also started to increase
again in other South Asian economies. Year-on-year consumer price inflation rose to 7.9 per cent in February in Bangladesh and to
10.1 per cent in Nepal.
Sri Lanka’s economy gained strength in the fourth quarter of 2012 driven by a rapid expansion of construction and mining activi-
ties. Economic growth accelerated to 6.3 per cent year-on-year, up from 4.8 per cent in the previous quarter. Full-year growth slowed
moderately from 8.3 per cent in 2011 to 6.4 per cent in 2012, primarily owing to weaker growth in the service sector, which accounts
for almost 60 per cent of nominal GDP. The outlook for 2013 continues to be favourable as strong private consumption and invest-
ment are expected to support growth of the service and industrial sectors.
Western Asia: Iraqi oil output target revised downwards for 2013
The Iraqi Parliament has pushed through the delayed 2013 budget despite disagreements over payments to oil companies operating
in the Kurdish region. The Government also announced oil production will fall far short of the 4.5 million barrel per day target
set for the end of the year, as political tensions withhold required investments. In the Syrian Arab Republic, private firms are now
allowed to import gasoil and diesel, but fuel prices are officially fixed at around half of world market prices. As a consequence, private
firms sell imported fuel exclusively on the black market.
The Turkish economy grew by only 2.2 per cent in 2012, depressed by year-on-year growth of 1.6 per cent and 1.4 per cent during
the last two quarters of last year. Private demand is picking up, however, as illustrated by loan growth increasing at an annualized rate
of almost 25 per cent over recent months, well above the 15 per cent target. In Israel, GDP growth slowed to an annualized rate of
2.4 per cent in the last quarter of 2012, but the launch of pumping operations at the Tamar gas field in March is expected to add about
one percentage point to GDP growth in 2013.
Latin America and the Caribbean: Mexico cuts interest rates; export performance weakens in the southern cone
The Central Bank of Mexico cut the reference interest rate by 50 basis points to 4.0 per cent in March. The decision is explained by
the recent slowdown in economic activity, especially in the external sector; in February, exports decreased by 2.9 per cent year on
year. Meanwhile, central bank authorities highlighted that interest rates were also lowered in an attempt to confront higher capital
inflows. Recent surges in portfolio inflows into the economy are generating increasing concerns about potential negative effects on
the monetary stance and financial stability.
Export performance in the southern cone was poor in early 2013. In January, the export of goods in Peru and Uruguay fell by
18 and 11 per cent year on year, respectively. More moderately, the reduction reached 6.4 per cent in Ecuador and 1.1 in Colombia.
Meanwhile, in Argentina exports of goods in January and February fell by 5 per cent in comparison to the previous year.
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