- Peru's economy is forecast to grow at an average of 5.4% during 2010-2014, lower than the last five years but still strong. Domestic demand will be the main driver of growth.
- Presidential and congressional elections will be held in April 2011. There is a risk that a populist candidate could win the presidency and jeopardize economic policy continuity.
- Peru's business environment score will improve slightly due to better policies toward private enterprise and foreign investment, but deficiencies in infrastructure and education will constrain further improvements.
This document summarizes a presentation on macroeconomic trends, shocks, and prudent levels of government debt. It discusses how long-term projections are used to examine issues like technological change, demographics, and fiscal sustainability over decades. It notes that world growth is projected to slow while emerging economies like India and China increase their share of global output. For OECD countries, aging populations will weigh on growth in living standards. The document outlines a simulation-based approach to determining prudent debt targets for individual countries that account for shocks and ensure debt levels remain below established thresholds. Prudent debt targets and required fiscal efforts to meet them through 2040 are presented for various countries.
This document analyzes the finances of 17 Indian states based on their 2016-17 budget documents. Some key points:
1) States collectively spend 30% more than the central government, with total state spending at Rs. 23.4 lakh crore compared to Rs. 17.6 lakh crore for the centre.
2) There was no significant change in state spending on key social sectors like education, health, and rural development following the 14th Finance Commission's increase in tax devolution to states.
3) On average, states spend 21% of their total receipts (excluding borrowings) on servicing debt through interest and principal repayments. Some states like Punjab and West Bengal spend
The document is a 2014 economic survey of India by the OECD that makes several recommendations:
1. India's economy is recovering but more reforms are needed to sustain growth above 8%, including reducing subsidies, increasing infrastructure investment, and tax reform.
2. Structural barriers have hampered growth and job creation, especially in manufacturing, and parts of the banking system are vulnerable.
3. Increasing opportunities for women could boost growth by over 2% by raising equity and the number of quality jobs.
4. Public health care is poor for most Indians and increased spending is recommended.
The document is an OECD economic survey of Brazil that discusses several economic and social issues facing the country. Some of the main findings are that Brazil's fiscal position has deteriorated, inflation has risen above targets, and the healthcare system faces capacity constraints. Key recommendations include implementing fiscal adjustments, improving monetary policy effectiveness, streamlining taxes, boosting trade, and enhancing healthcare spending efficiency.
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.
Impending Bankruptcy of Governments in IndiaShantanu Basu
The document discusses the state of India's public finances, including rising government debt levels and non-performing assets in public sector banks. Some key points:
- Government revenue deficits have averaged 40% of gross revenues each year from 2007-2015, despite expenditure growing faster than revenues. High inflation eroded the value of revenues.
- Interest payments, personnel costs, and establishment expenses account for 80-85% of government budgets, leaving only 15-20% for development. Rising debt levels could reach unsustainable levels in the next 5-10 years if trends continue.
- Non-performing assets in public sector banks have risen three-fold in recent years, with an estimated Rs. 20 lakh
This monthly briefing highlights that the world economy is expected to improve in 2014; that unemployment rates remain a major challenge; and downside risks to the baseline scenario persist.
For more information:
http://www.un.org/en/development/desa/policy/wesp/wesp_mb.shtml
The economy in Georgia grew by an estimated 4.6% in 2011 and is projected to slow to 3.5% growth in 2012 and rebound to 4.5% in 2013. Businesses in Georgia are more optimistic about the economy and hiring compared to the EU average, but the high cost and limited availability of long-term financing remain major constraints. The government budget was in surplus in 2011 but growth forecasts may squeeze the 2012 budget.
This document summarizes a presentation on macroeconomic trends, shocks, and prudent levels of government debt. It discusses how long-term projections are used to examine issues like technological change, demographics, and fiscal sustainability over decades. It notes that world growth is projected to slow while emerging economies like India and China increase their share of global output. For OECD countries, aging populations will weigh on growth in living standards. The document outlines a simulation-based approach to determining prudent debt targets for individual countries that account for shocks and ensure debt levels remain below established thresholds. Prudent debt targets and required fiscal efforts to meet them through 2040 are presented for various countries.
This document analyzes the finances of 17 Indian states based on their 2016-17 budget documents. Some key points:
1) States collectively spend 30% more than the central government, with total state spending at Rs. 23.4 lakh crore compared to Rs. 17.6 lakh crore for the centre.
2) There was no significant change in state spending on key social sectors like education, health, and rural development following the 14th Finance Commission's increase in tax devolution to states.
3) On average, states spend 21% of their total receipts (excluding borrowings) on servicing debt through interest and principal repayments. Some states like Punjab and West Bengal spend
The document is a 2014 economic survey of India by the OECD that makes several recommendations:
1. India's economy is recovering but more reforms are needed to sustain growth above 8%, including reducing subsidies, increasing infrastructure investment, and tax reform.
2. Structural barriers have hampered growth and job creation, especially in manufacturing, and parts of the banking system are vulnerable.
3. Increasing opportunities for women could boost growth by over 2% by raising equity and the number of quality jobs.
4. Public health care is poor for most Indians and increased spending is recommended.
The document is an OECD economic survey of Brazil that discusses several economic and social issues facing the country. Some of the main findings are that Brazil's fiscal position has deteriorated, inflation has risen above targets, and the healthcare system faces capacity constraints. Key recommendations include implementing fiscal adjustments, improving monetary policy effectiveness, streamlining taxes, boosting trade, and enhancing healthcare spending efficiency.
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.
Impending Bankruptcy of Governments in IndiaShantanu Basu
The document discusses the state of India's public finances, including rising government debt levels and non-performing assets in public sector banks. Some key points:
- Government revenue deficits have averaged 40% of gross revenues each year from 2007-2015, despite expenditure growing faster than revenues. High inflation eroded the value of revenues.
- Interest payments, personnel costs, and establishment expenses account for 80-85% of government budgets, leaving only 15-20% for development. Rising debt levels could reach unsustainable levels in the next 5-10 years if trends continue.
- Non-performing assets in public sector banks have risen three-fold in recent years, with an estimated Rs. 20 lakh
This monthly briefing highlights that the world economy is expected to improve in 2014; that unemployment rates remain a major challenge; and downside risks to the baseline scenario persist.
For more information:
http://www.un.org/en/development/desa/policy/wesp/wesp_mb.shtml
The economy in Georgia grew by an estimated 4.6% in 2011 and is projected to slow to 3.5% growth in 2012 and rebound to 4.5% in 2013. Businesses in Georgia are more optimistic about the economy and hiring compared to the EU average, but the high cost and limited availability of long-term financing remain major constraints. The government budget was in surplus in 2011 but growth forecasts may squeeze the 2012 budget.
A presentation of the main findings and recommendations of the OECD Economic Survey of Spain 2014 launched 8 September 2014 in Madrid, Spain.
Structural reforms (labour market, banking, fiscal) have put the economy on the road to recovery.
The document discusses OECD forecasts during and after the financial crisis. It finds that:
1) Forecasts significantly overestimated growth during the crisis and recovery, missing the severity of the downturn.
2) Forecast errors were largest in vulnerable Eurozone countries and those with lower bank capital and more open economies.
3) The intensification of the Eurozone crisis was a major source of growth forecast errors.
4) Lessons from forecast errors highlight the need to better account for financial factors, global linkages, risks, and avoid "groupthink".
1) Japan has faced sluggish economic growth and declining potential growth over the past decades, which has left living standards below many other OECD countries. Public debt has risen to 226% of GDP while the population is shrinking.
2) Structural reforms are needed to boost growth, including increasing female labor participation, international trade engagement, private R&D investment, and improving productivity in services. Reforms are also required to reduce debt through fiscal consolidation and control of social spending.
3) Key policy recommendations include implementing Abenomics, reducing debt as the top priority, continuing monetary easing, boosting potential growth through structural reforms, and improving social programs through better targeting.
The document provides an analysis of the Indian power sector. It notes that the power sector is one of the largest and most important industries in India. The power sector fulfills the energy requirements of other industries and is critical to economic growth. The document summarizes the sources of power generation in India, with thermal power making up the majority at 83% and sourced primarily from coal. Hydro and nuclear power are also discussed as other sources of generation. Public sector entities have the largest share of installed power capacity in India at over 75%.
Short-term momentum: will it be sustained? OECD Economic Outlook presentation...OECD, Economics Department
The OECD interim economic report provides the following key points:
1) The short-term global economic momentum has become more broad-based across major economies due to improvements in the euro area and synchronised growth across countries.
2) However, strong and sustained medium-term growth is not assured as private investment remains weak and inflation and wage growth are still subdued.
3) Policymakers must pursue fiscal and structural reforms to rebalance support for inclusive growth through better tax and spending policies while managing financial risks.
The document summarizes an OECD report which finds that global economic growth remains weak due to low trade, investment, and commodity prices. While monetary policy has been accommodative, fiscal policy in major economies has been contractionary and the pace of structural reforms is insufficient. Collective fiscal action and faster structural reforms are needed to boost global demand and reduce financial stability risks from emerging markets' high debt loads and volatile capital flows.
The document summarizes recent economic trends in Israel:
- Israel issued a €1.5 billion 10-year bond, its largest ever, with demand reaching €13 billion from almost 400 investors in 35 countries.
- Israel listed a $1.5 billion sovereign bond on the NYSE, the first Israeli bond listed on a US regulated market.
- Israel's economy grew 0.7% in 2009, led by private and public consumption increases, with unemployment rising only slightly to 7.6% and debt to GDP remaining stable.
- Exports recovered in the second half of 2009 but imports lagged, though the current account surplus was $7.2 billion, 3.7% of
Medef - La France peut-elle retrouver le chemin d'une croissance forte ?Lionel Sanchez ✔
- The document discusses the challenges posed by secular stagnation and the need for stronger policy action to escape the low-growth trap. It notes that exceptionally low interest rates create both financial distortions and opportunities for fiscal initiatives.
- To boost growth, the document argues for targeted structural reforms combined with collective fiscal initiatives focused on quality investment in infrastructure and human capital. Maintaining open markets through domestic policies that support workers is also key.
- Escaping the low-growth trap requires weaving together fiscal, structural, and trade policies to strengthen both short-term and long-term growth in an inclusive manner.
The document summarizes key findings from research on the effects of public spending size and composition on economic growth and inequality. It finds that:
1) Larger government spending is associated with lower long-term growth, especially in countries with less effective governments, though it redistributes more and fosters equity.
2) Increasing public investment and education spending boosts long-term growth significantly without worsening inequality, though returns decrease at very high levels of capital and skills.
3) Reducing pension and subsidy spending increases growth while having limited effects on inequality, except subsidies whose reduction increases inequality.
- Real average wage growth globally has remained far below pre-crisis levels and turned negative in developed economies, although it remained significant in emerging economies.
- There are major geographic differences in wage growth trends, with wages suffering double-dips in developed economies but remaining positive in Latin America and Asia.
- A smaller share of national income is going to workers as falling labour shares have resulted in a gap between increasing productivity and stagnant wages, hurting household consumption and demand.
Oecd interim-economic-outlook-2015-puzzles-and-uncertainties-paris-16-septemberOECD, Economics Department
The OECD interim economic outlook report provides the following key points:
- Global growth remains subpar and below expectations in 2015 and early 2016 due to slower growth in major economies like China and emerging markets.
- Advanced economies like the US and euro area are recovering slowly, held back by weak investment. Japan's growth is improving but erratic.
- China is experiencing a sharper than expected slowdown, seen in declining imports, property prices and manufacturing indicators, posing risks to the global economy.
- Many emerging markets face slowing growth due to weaker Chinese demand and low commodity prices, while also dealing with deteriorating financial conditions.
- Rising US interest rates could pose challenges, especially for emerging markets that have
Using fiscal levers to escape the low growth trap OECD Economic Outlook prese...OECD, Economics Department
The document discusses using fiscal policy to boost economic growth in OECD countries. It finds that fiscal space, or room for government budget deficits, has increased in most OECD nations since 2014 due to lower interest rates. It recommends countries implement temporary 0.5% of GDP fiscal initiatives for 3-4 years through measures like infrastructure spending and education funding. Such initiatives could boost short-term growth by 0.4-0.6% on average if combined with structural reforms to maximize impact. Collective action across multiple nations could further increase short-term growth gains from fiscal policy.
The Union Finance Minister Shri Arun Jaitley tabled the Economic Survey 2016-17 today, the first day of the Budget Session of the Parliament. The Economic Survey says that the adverse impact of demonetisation on GDP growth will be transitional and the economy will recover with remonetisation. The Survey states that once the cash supply is replenished, which is likely to be achieved by end of March 2017, the economy would revert to normal. The GDP growth in 2017-18, as per the survey, is projected to be in the range of 6¾-7½ percent.
The Survey suggests a few measures to maximise long-term benefits and minimise short-term costs. One, fast remonetisation and early elimination of withdrawal limits. This would reduce GDP growth deceleration and cash hoarding. Two, continued impetus to digitalisation while ensuring that this transition is gradual and inclusive, and appropriately balances the costs and benefits of cash versus digitalisation. Three, following up demonetisation by bringing land and real estate into the GST. Four, reducing tax rates and stamp duties.
This is an analysis and brief overview document on the Survey
Will risks-derail-the-modest-recovery-oecd-interim-economic-outlook-march-2017OECD, Economics Department
Global GDP growth is projected to pick up modestly to around 3½ per cent in 2018, from just under 3% in 2016, boosted by fiscal initiatives in the major economies. The forecast is broadly unchanged since November 2016. Confidence has improved, but consumption, investment, trade and productivity are far from strong, with growth slow by past norms and higher inequality.
This document provides a summary of Israel's economic performance in the first quarter of 2011. It includes statistics on key economic indicators such as GDP growth, exports, unemployment, inflation, debt levels, and trade balances. Israel experienced strong GDP growth of 7.7% in the first quarter compared to the previous year. Exports and investment recovered sharply after declining in 2009 during the global economic crisis. Unemployment decreased while participation rates increased. Israel's economic growth outpaced averages for advanced economies and it demonstrated stability compared to other countries during the crisis.
Peru is a beautiful South American country with nice people and a coastline along the Pacific Ocean. It has a total area of 1,285,216 square kilometers and its capital and largest city is Lima.
El análisis y los gráficos comparan principalmente el desempeño de Perú con dos economías: Chile y Colombia;
sin embargo, en algunos casos, dependiendo del indicador,
también se realiza una comparación con Uruguay y Corea del
Sur. Desde la perspectiva del CEPLAN, los países mencionados poseen un grado de comparación importante con Perú y permiten observar, de manera más certera, qué camino debería seguirse en los diferentes aspectos que constituyen la base del desarrollo del país.
A presentation of the main findings and recommendations of the OECD Economic Survey of Spain 2014 launched 8 September 2014 in Madrid, Spain.
Structural reforms (labour market, banking, fiscal) have put the economy on the road to recovery.
The document discusses OECD forecasts during and after the financial crisis. It finds that:
1) Forecasts significantly overestimated growth during the crisis and recovery, missing the severity of the downturn.
2) Forecast errors were largest in vulnerable Eurozone countries and those with lower bank capital and more open economies.
3) The intensification of the Eurozone crisis was a major source of growth forecast errors.
4) Lessons from forecast errors highlight the need to better account for financial factors, global linkages, risks, and avoid "groupthink".
1) Japan has faced sluggish economic growth and declining potential growth over the past decades, which has left living standards below many other OECD countries. Public debt has risen to 226% of GDP while the population is shrinking.
2) Structural reforms are needed to boost growth, including increasing female labor participation, international trade engagement, private R&D investment, and improving productivity in services. Reforms are also required to reduce debt through fiscal consolidation and control of social spending.
3) Key policy recommendations include implementing Abenomics, reducing debt as the top priority, continuing monetary easing, boosting potential growth through structural reforms, and improving social programs through better targeting.
The document provides an analysis of the Indian power sector. It notes that the power sector is one of the largest and most important industries in India. The power sector fulfills the energy requirements of other industries and is critical to economic growth. The document summarizes the sources of power generation in India, with thermal power making up the majority at 83% and sourced primarily from coal. Hydro and nuclear power are also discussed as other sources of generation. Public sector entities have the largest share of installed power capacity in India at over 75%.
Short-term momentum: will it be sustained? OECD Economic Outlook presentation...OECD, Economics Department
The OECD interim economic report provides the following key points:
1) The short-term global economic momentum has become more broad-based across major economies due to improvements in the euro area and synchronised growth across countries.
2) However, strong and sustained medium-term growth is not assured as private investment remains weak and inflation and wage growth are still subdued.
3) Policymakers must pursue fiscal and structural reforms to rebalance support for inclusive growth through better tax and spending policies while managing financial risks.
The document summarizes an OECD report which finds that global economic growth remains weak due to low trade, investment, and commodity prices. While monetary policy has been accommodative, fiscal policy in major economies has been contractionary and the pace of structural reforms is insufficient. Collective fiscal action and faster structural reforms are needed to boost global demand and reduce financial stability risks from emerging markets' high debt loads and volatile capital flows.
The document summarizes recent economic trends in Israel:
- Israel issued a €1.5 billion 10-year bond, its largest ever, with demand reaching €13 billion from almost 400 investors in 35 countries.
- Israel listed a $1.5 billion sovereign bond on the NYSE, the first Israeli bond listed on a US regulated market.
- Israel's economy grew 0.7% in 2009, led by private and public consumption increases, with unemployment rising only slightly to 7.6% and debt to GDP remaining stable.
- Exports recovered in the second half of 2009 but imports lagged, though the current account surplus was $7.2 billion, 3.7% of
Medef - La France peut-elle retrouver le chemin d'une croissance forte ?Lionel Sanchez ✔
- The document discusses the challenges posed by secular stagnation and the need for stronger policy action to escape the low-growth trap. It notes that exceptionally low interest rates create both financial distortions and opportunities for fiscal initiatives.
- To boost growth, the document argues for targeted structural reforms combined with collective fiscal initiatives focused on quality investment in infrastructure and human capital. Maintaining open markets through domestic policies that support workers is also key.
- Escaping the low-growth trap requires weaving together fiscal, structural, and trade policies to strengthen both short-term and long-term growth in an inclusive manner.
The document summarizes key findings from research on the effects of public spending size and composition on economic growth and inequality. It finds that:
1) Larger government spending is associated with lower long-term growth, especially in countries with less effective governments, though it redistributes more and fosters equity.
2) Increasing public investment and education spending boosts long-term growth significantly without worsening inequality, though returns decrease at very high levels of capital and skills.
3) Reducing pension and subsidy spending increases growth while having limited effects on inequality, except subsidies whose reduction increases inequality.
- Real average wage growth globally has remained far below pre-crisis levels and turned negative in developed economies, although it remained significant in emerging economies.
- There are major geographic differences in wage growth trends, with wages suffering double-dips in developed economies but remaining positive in Latin America and Asia.
- A smaller share of national income is going to workers as falling labour shares have resulted in a gap between increasing productivity and stagnant wages, hurting household consumption and demand.
Oecd interim-economic-outlook-2015-puzzles-and-uncertainties-paris-16-septemberOECD, Economics Department
The OECD interim economic outlook report provides the following key points:
- Global growth remains subpar and below expectations in 2015 and early 2016 due to slower growth in major economies like China and emerging markets.
- Advanced economies like the US and euro area are recovering slowly, held back by weak investment. Japan's growth is improving but erratic.
- China is experiencing a sharper than expected slowdown, seen in declining imports, property prices and manufacturing indicators, posing risks to the global economy.
- Many emerging markets face slowing growth due to weaker Chinese demand and low commodity prices, while also dealing with deteriorating financial conditions.
- Rising US interest rates could pose challenges, especially for emerging markets that have
Using fiscal levers to escape the low growth trap OECD Economic Outlook prese...OECD, Economics Department
The document discusses using fiscal policy to boost economic growth in OECD countries. It finds that fiscal space, or room for government budget deficits, has increased in most OECD nations since 2014 due to lower interest rates. It recommends countries implement temporary 0.5% of GDP fiscal initiatives for 3-4 years through measures like infrastructure spending and education funding. Such initiatives could boost short-term growth by 0.4-0.6% on average if combined with structural reforms to maximize impact. Collective action across multiple nations could further increase short-term growth gains from fiscal policy.
The Union Finance Minister Shri Arun Jaitley tabled the Economic Survey 2016-17 today, the first day of the Budget Session of the Parliament. The Economic Survey says that the adverse impact of demonetisation on GDP growth will be transitional and the economy will recover with remonetisation. The Survey states that once the cash supply is replenished, which is likely to be achieved by end of March 2017, the economy would revert to normal. The GDP growth in 2017-18, as per the survey, is projected to be in the range of 6¾-7½ percent.
The Survey suggests a few measures to maximise long-term benefits and minimise short-term costs. One, fast remonetisation and early elimination of withdrawal limits. This would reduce GDP growth deceleration and cash hoarding. Two, continued impetus to digitalisation while ensuring that this transition is gradual and inclusive, and appropriately balances the costs and benefits of cash versus digitalisation. Three, following up demonetisation by bringing land and real estate into the GST. Four, reducing tax rates and stamp duties.
This is an analysis and brief overview document on the Survey
Will risks-derail-the-modest-recovery-oecd-interim-economic-outlook-march-2017OECD, Economics Department
Global GDP growth is projected to pick up modestly to around 3½ per cent in 2018, from just under 3% in 2016, boosted by fiscal initiatives in the major economies. The forecast is broadly unchanged since November 2016. Confidence has improved, but consumption, investment, trade and productivity are far from strong, with growth slow by past norms and higher inequality.
This document provides a summary of Israel's economic performance in the first quarter of 2011. It includes statistics on key economic indicators such as GDP growth, exports, unemployment, inflation, debt levels, and trade balances. Israel experienced strong GDP growth of 7.7% in the first quarter compared to the previous year. Exports and investment recovered sharply after declining in 2009 during the global economic crisis. Unemployment decreased while participation rates increased. Israel's economic growth outpaced averages for advanced economies and it demonstrated stability compared to other countries during the crisis.
Peru is a beautiful South American country with nice people and a coastline along the Pacific Ocean. It has a total area of 1,285,216 square kilometers and its capital and largest city is Lima.
El análisis y los gráficos comparan principalmente el desempeño de Perú con dos economías: Chile y Colombia;
sin embargo, en algunos casos, dependiendo del indicador,
también se realiza una comparación con Uruguay y Corea del
Sur. Desde la perspectiva del CEPLAN, los países mencionados poseen un grado de comparación importante con Perú y permiten observar, de manera más certera, qué camino debería seguirse en los diferentes aspectos que constituyen la base del desarrollo del país.
Retos y nuevo rol de la planeación en el PerúJuan Carranza
El documento resume la historia y el proceso de planeación en el Perú, destacando el Plan Estratégico de Desarrollo Nacional al 2021. También discute los principales retos de la planeación en el país, como articular la planeación con el presupuesto y la inversión pública. Por último, presenta el plan de acción inmediata del CEPLAN para mejorar la coordinación de la planeación a nivel nacional, regional y local.
Este documento establece normas legales relacionadas con el reconocimiento de títulos profesionales otorgados por universidades extranjeras. Asigna a SINEACE la tarea de establecer normas y procedimientos para el reconocimiento automático de títulos de universidades acreditadas de países con los que Perú tiene acuerdos. También crea un Sistema Nacional de Planeamiento Estratégico y un Centro Nacional de Planeamiento Estratégico para coordinar la planificación estratégica a nivel nacional.
Este documento presenta un estudio de factibilidad para la construcción y mejora de la carretera central en el tramo de la autopista Ramiro Prialé entre Av. Las Torres y Puente Ricardo Palma. El proyecto tiene como objetivo mejorar la eficiencia del transporte y reducir los tiempos de viaje. Se propone ampliar la autopista existente y construir una circunvalación en Chosica. El presupuesto estimado asciende a $241.8 millones.
El CEPLAN conduce el proceso de planificación estratégica a nivel nacional para lograr una visión compartida de desarrollo del país. Sus funciones incluyen apoyar al Presidente del Consejo de Ministros, asesorar a entidades estatales y gobiernos locales, y desarrollar el Plan Estratégico de Desarrollo Nacional para lograr los objetivos de desarrollo a largo plazo.
The document provides an overview and forecast of Vietnam's political, economic, and business environment from 2010-2014. Key points include: 1) The Communist Party will remain firmly in control politically but opposition will grow. 2) Vietnam's business environment ranking will improve solidly due to economic reforms. 3) Early economic growth will be challenging but accelerate to around 7.5% annually by 2012-2014.
Pro-growth Fiscal Policy - Benjamin Diokno SWIFTAsiaPac
The document discusses several key points regarding fiscal policy in the Philippines:
1) The Philippines has one of the highest corporate income tax rates in ASEAN at 30% while countries like Thailand have lowered theirs to attract more foreign direct investment.
2) The tax system could be reformed to increase the VAT rate while lowering personal income tax rates to encourage savings and investment. Reducing taxes on interest income and corporate profits could also attract more foreign capital.
3) Introducing a nationwide real property tax could generate more tax revenue as the Philippines has overinvested in real estate rather than factories and farms. Overall the document argues for pro-growth fiscal reforms to make the tax system more competitive and productive.
I ASEAN Busines Optimism Index Q4 2015 har vi har samlet det kvartalsvise indeks for seks markeder i Sydøstasien, som tilsammen stå for mere end 95% af ASEAN BNP. Der er tale om Indonesien, Malaysia, Filippinerne, Singapore, Thailand og Vietnam.
The labor market in Brazil showed unexpected signs of strength in November. The unemployment rate dropped below expectations to 4.9%, its lowest level for November. The working population grew 2.8%, above the yearly average, despite weak economic growth. The number of non-working people declined for the fourth month in a row, suggesting more people are entering the workforce. Average incomes rose 5.3% year-over-year, accelerating the growth in total real payroll. However, the economist maintains a moderate growth forecast for 2013 due to expectations of slower workforce expansion and contained income growth in a context of full employment.
http://bit.ly/GEWaout2014
Les dirigeants sont de plus en plus conscients du potentiel inexploité de l'Afrique sub-saharienne. La population de l'Afrique subsaharienne est devrait croître plus rapidement que dans toutes les autres régions du monde. En conséquence, en 2040, le Continent africain devrait avoir la plus grande force de travail du monde et pourrait avoir une croissance économique plus rapide que n'importe quelle autre région.
The year 2010 saw major economies registering modest growth and India on a balanced growth path. India story gained primacy at the beginning of 2010, with the changing market scenarios across the world.
The outlook is more or less stable across sectors over the
months. The optimism of early 2010 was further
strengthened due to a positive economic outlook, but the
recent political developments marked with scandals have
made an impact on the overall business confidence, albeit
marginal. Employment generation has remained stable and
upbeat in most of the sectors. However, continuous
inflation, price of raw materials and intermediate industrial
products, scams involving ministers and so on have created
some caution in the minds of entrepreneurs. The
movement of skilled workforce within the sector continued
during the 4th Quarter of 2010. The change in
employment across sectors is given in the table below.
The employment scenario during any specific time period
needs to be viewed from the perspective of various
activities and at several fronts, for a considerable period.
This section has presented the estimated employment
numbers with expectations for different sectors of the
Indian economy. It also lists some of the issues that might
have an impact on the employment scenario, either directly
or indirectly. This will help correlate between the trends
observed regarding employment and economic as well as
political fundamentals.
The BFSI sector is expected to add 116,240
jobs in 2011.
The stable and positive sentiment at the economic front continues
to help the BFSI sector to grow further during the 4th Quarter of
2010. Responses from the BFSI companies indicate that almost
similar condition will prevail during the first two quarters of 2011
as well as for the entire year. The sector is cautiously optimistic
about growth of employment numbers.
The raise of Repo and Reverse Repo rates by RBI on 25th January
2011 has caused an increase of Repo rate by 175 basis points and
Reverse Repo rate by 225 basis points, since March 2010. CRR has
increased by 100 basis points during the same time.
Inflation has remained a cause for concern over the past months
and is expected to continue for a few more months to come.
However, the response to structural causes of inflation needs to be
through reallocation of resources across sectors. Short term
measures like interest rate hikes, though manage to contain
inflation to a moderate level are not strong enough to sustain
growth. .
The recent RBI report on the Micro Finance sector has
recommended several checks to resolve the issues and improve
transparency. However, observations have also been made
regarding the “Recovery Culture” in the financial sector and its
adverse effects on the customers. This is an important observation
made by RBI, in view of the recent measures taken by the Andhra
Pradesh Government to regulate the recovery of loans from the
small borrowers by the MFIs. However, the drive towards financial
inclusion will certainly play a positive role in employment
generation in this sector.
Bank credit to commercial sector is increasing steadily, which is
one of the major driving forces for the banking sector in the
country.
Insurance sector, both life and general, has witnessed a positive
sentiment in the 4th Quarter as compared to the previous ones
and is expected to do better in coming months.
The Education, Training and Consulting sector
is expected to add 107,500 jobs in 2011.
Education sector continued to contribute significantly to the
employment base of the country during the last Quarter of 2010.
The sector is expected to grow at similar rate during the first
couple of Quarters of 2011. However, the expectation regarding
growth for the entire calendar year of 2011 is slightly lower
compared to the first two Quarters of the year.
The regulatory ambiguity still remains the biggest impediment that
holds back the sector’s transformation into one of country’s
largest industry
The document summarizes Botswana's economic conditions in the second quarter of 2010. GDP grew 7.5% in the first quarter, the first positive growth since late 2008, led by a 10.1% increase in mining output. Non-mining private sector growth was lower at 5.5%. Business confidence improved but remains below pre-crisis levels, and businesses expect slower growth than official forecasts. While conditions are improving, Botswana still faces fiscal challenges from adverse medium-term trends exacerbated by the global crisis.
Adriana, thank you for sharing this detailed overview of Brazil's economic growth and opportunities for foreign investment. Please let me know if you need any assistance exploring the Brazilian market further.
Public financial management assessment in the philippinesCHED
1. The Philippines has experienced rapid economic growth in recent years but faces challenges in reducing poverty and achieving development goals.
2. The country's public financial management system is fragmented across multiple agencies and lacks coordination, while political involvement in the budget process has undermined credibility and efficiency.
3. Recent fiscal consolidation efforts have focused on raising revenues and prioritizing spending on key areas, trimming the fiscal deficit. However, public expenditure management remains relatively inefficient.
The document summarizes the Ma Foi Randstad Employment Trends Survey (MEtS) for the fourth quarter of 2011 and projected trends for the first quarter of 2012. The survey polled 639 companies across 13 sectors to assess employment trends in the organized sector. Key findings included expected increases in employment in sectors such as financial services, IT, and healthcare, while manufacturing saw more muted growth. The report analyzed trends by sector, salary increases, new hire experience and functions.
Reflecting a positive hiring outlook, the organized sector in India is expected to create about 1.6 million new jobs in the year 2012, as per the latest results of a survey from HR firm Ma Foi Randstad..
AS/COA
680 Park Avenue
New York, NY
View map
February 18, 2015
Registration: 8:30 a.m. to 9:00 a.m.
Conference: 9:00 a.m. to 10:30 a.m.
AS/COA, ANBIMA, and BRAiN held an on-the-record presentation by Joaquim Levy, Minister of Finance of Brazil.
Welcoming Remarks:
Randy Melzi, Senior Director, Public Policy Programs and Corporate Relations, AS/COA
José Carlos Doherty, Director, BRAiN; Head, ANBIMA
Speaker:
Joaquim Levy, Minister of Finance, Brazil
Download the presentation.
Event Information: Diogo Ide | dide@as-coa.org | 212-277-8352
COA Corporate Membership: Monica Vieira | mvieira@as-coa.org | 212-277-8344
Press Inquiries: Adriana La Rotta | alarotta@as-coa.org | 212-277-8384
PPT da Palestra do ministro Joaquim Levy em Nova Iorque portaldabetania
This document provides an outlook for Brazil in 2015. It summarizes that fiscal slippage was significant in 2014 but is being corrected through adjustments to spending and revenues. It also notes that while the current account deficit has widened, foreign direct investment remains strong. Overall, it expresses optimism that Brazil has not wasted its commodities bonus and has the means to make necessary adjustments to foster new growth, with improved fiscal indicators and increases in productivity.
The document provides an overview and outlook for the Indian economy and fiscal year 2018. Some key points:
1. The economic survey for 2016-2017 used big data analytics to gain new insights about the economy, such as estimates of annual work-related migration being double previous census figures.
2. Growth in the first half of FY2017 slowed to 7.2% due to a sharp decline in fixed investment. Inflation moderated as food prices decreased. The external position remains robust.
3. For FY2018, growth is expected to remain in the 6.75-7.5% range. Exports are expected to recover as global growth increases. Private consumption growth is uncertain due to
Commercial Real Estate Outlook - November 2010NAR Research
The document summarizes commercial real estate market conditions in the third quarter of 2010. It finds that while GDP growth was moderate, unemployment remained high, contributing to uncertainty. Commercial real estate fundamentals are expected to modestly improve in 2011, with rents continuing to decline and vacancies remaining elevated. Multifamily performance has been more resilient and is expected to lead the recovery in 2011.
The Philippines experienced strong economic growth in 2012 and is projected to continue growing in 2013. The economy expanded 7.1% in the third quarter of 2012, its highest rate since 2010, driven by consumption and government spending. Meanwhile, the stock market has reached over 35 record highs in the last 11 months, and may continue rising to 6,000-6,500 levels. Inflation is forecast to be around 3.5% while interest rates are expected to remain low, encouraging more growth. Challenges include volatility from global economic uncertainties and disputes over public-private partnership projects.
Presentación Ministro de Hacienda, Mauricio Cárdenas, en foro de Goldman Sachs: Perspectives and challenges of an outperformerPost-election realizado en Miami
Este documento trata sobre el empresariado peruano y su importancia para el desarrollo del Perú. Presenta información sobre el cambio de presidente de la CONFIEP, un debate sobre cómo mejorar el modelo económico, y una entrevista con un empresario sobre la importancia del sector privado en los logros económicos del país.
Este documento presenta un resumen de la situación laboral en América Latina y el Caribe en 2010. Señala que la región experimentó una recuperación económica luego de la recesión de 2009, lo que generó más empleo. Sin embargo, gran parte de los nuevos puestos de trabajo fueron informales y la tasa de desempleo siguió siendo alta. El documento analiza los desafíos pendientes como promover empleos formales, proteger a los grupos vulnerables y lograr un crecimiento con trabajo decente.
Global FDI flows remained largely stagnant in 2010, increasing only 1% to $1,122 billion. For the first time, developing and transition economies received over half of global FDI flows as their economies rebounded, while FDI to developed countries continued declining. Within components of FDI, reinvested earnings increased due to improved economic conditions and profits in developing countries, but equity investments and intra-company loans remained subdued due to uncertainties in currency and debt markets. Cross-border M&As increased 37% while greenfield investments declined. FDI flows showed uneven patterns between regions and quarters during 2010 as the global recovery remained hesitant.
Peru's economic freedom score is 68.6, making its economy the 41st freest globally. This is an improvement of 1 point from the previous year. Peru ranks 5th out of 29 countries in South and Central America, with a score above regional and world averages. Despite challenges, Peru has achieved around 7% annual growth over 5 years through business reforms and trade agreements. Weaknesses include inadequate protection of property rights and corruption.
Este documento presenta el informe preelectoral de la administración 2006-2011. Resume que el principal objetivo fue reducir la pobreza y mejorar la calidad de vida. Para ello, se aseguró estabilidad macroeconómica, crecimiento económico sostenido e inclusivo liderado por el sector privado, y políticas sociales activas. Como resultado, el Perú experimentó un desempeño económico y social sobresaliente, con reducción de la pobreza y aumento del desarrollo humano. La siguiente administración recib
Este documento proporciona información general sobre Perú, incluyendo su capital, extensión, población, densidad poblacional, PBI per cápita e incidencia de pobreza. También presenta datos económicos como el aumento de ingresos de los hogares por quintiles, presupuesto público y producción anual por sectores. Por último, incluye cifras sobre educación, salud, desarrollo social, infraestructura y modernidad, así como cifras comparadas entre 1993 y 2007.
El documento presenta información general, económica y social sobre la región de Puno, Perú. Algunos datos destacados son: la población de Puno es de 1'340,684 habitantes; la incidencia de pobreza va de 0% a 30% en algunas zonas y de 50% a más en otras; la mortalidad infantil es de 44 por cada 1,000 nacidos vivos; y la desnutrición crónica afecta al 37.7% de los menores de 5 años. La producción anual ha aumentado un 44% entre el 2001 y el 2009.
La región de Ucayali se encuentra en el sureste de Perú. Tiene una población de 458,177 habitantes y su economía se basa principalmente en la agricultura, el comercio y la manufactura. Los datos muestran altos niveles de pobreza, bajos rendimientos educativos, altas tasas de desnutrición infantil y baja cobertura de servicios básicos en comparación con el promedio nacional. A pesar de esto, los ingresos de los hogares y la producción económica han aumentado en los últimos años.
Este documento presenta datos socioeconómicos de la región de Tumbes, Perú. Resume que la población de Tumbes es de 218,017 habitantes, con una tasa de pobreza del 22.1% y pobreza extrema del 0.5%. Los ingresos de los hogares más pobres aumentaron un 42% entre 2003-2009. La producción anual aumentó un 52.1% entre 2007-2009, con la agricultura y pesca representando un 22% de la economía regional. La brecha de inversión en infraestructura es de US$96 mill
La región de Tacna, ubicada en el sur del Perú, tiene una población de 315,534 habitantes. La pobreza ha disminuido en la región, con una tasa de pobreza de 17.5% en comparación con el 34.8% a nivel nacional. Los ingresos de los hogares han aumentado significativamente entre 2003-2009, especialmente para los hogares más pobres. La producción económica ha crecido un 38.7% desde 2001, principalmente en los sectores de comercio, minería y transporte.
Este documento proporciona información socioeconómica sobre la región San Martín en Perú. La región tiene una población de 771,021 habitantes y una tasa de pobreza del 44.1%. Los ingresos de los hogares más pobres aumentaron un 93% entre 2003-2009. La región también enfrenta desafíos como altas tasas de rendimiento deficiente en lectura y matemática en las escuelas, alta mortalidad infantil y bajos niveles de acceso a servicios básicos como agua y desagüe.
Este documento presenta información económica y social sobre la región de Piura en Perú. Resalta que Piura ha experimentado un aumento significativo en los ingresos de los hogares entre 2003-2009, especialmente para los hogares más pobres. Sin embargo, la región aún enfrenta desafíos como altos niveles de pobreza, bajos rendimientos educativos, y una brecha de inversión en infraestructura de US$449 millones. La agricultura, el comercio y la manufactura son los sectores económicos más importantes de
Este documento presenta datos socioeconómicos de la región de Pasco, Perú. La población de Pasco es de aproximadamente 290,000 habitantes con una densidad de 11.1 personas por km2. La pobreza afecta a más del 55% de la población y la pobreza extrema a casi un tercio. La minería es la principal actividad económica y representa el 53% de la producción regional. Los niveles educativos son bajos, con altos índices de rendimiento deficiente en lectura y matemática.
Moquegua es una región del sur del Perú con 169,365 habitantes. Su economía se basa principalmente en la minería (26% del VAB total) y la manufactura (26%). La pobreza afecta al 19.3% de la población. La educación y la salud han mejorado, pero aún existen desafíos como la desnutrición crónica en menores de 5 años (8.6%) y el rendimiento deficiente en lectura (8.5%). Se requieren inversiones de US$48 millones para cerrar la brecha en infraestructura como ag
Este documento presenta información socioeconómica de la región Madre de Dios en Perú. En tres oraciones: La región tiene una población de 117,981 habitantes y su economía se basa principalmente en la minería, que representa el 38% de su producción total. Los niveles de pobreza son más bajos que el promedio nacional, aunque la brecha de inversión en servicios es alta. Los indicadores sociales como salud, educación y acceso a servicios básicos han mejorado desde 1993 pero aún están por debajo del promedio
Este documento proporciona información socioeconómica de una región del Perú. Incluye datos demográficos, económicos y sociales como el PBI, niveles de pobreza, educación, salud e infraestructura. También compara estas métricas en 1993 y 2007, mostrando mejoras en esperanza de vida, acceso a servicios básicos y participación femenina en la fuerza laboral.
Este documento presenta información general, económica y social sobre la región de Lambayeque en el Perú. Lambayeque tiene una población de aproximadamente 1.2 millones de habitantes y su capital es Chiclayo. La región ha experimentado un aumento del 52.6% en los ingresos de los hogares más pobres entre 2003-2009. Sin embargo, la región aún enfrenta desafíos como una tasa de pobreza del 31.8% y una brecha de inversión en servicios básicos de US$256 millones.
Este documento proporciona información general, económica y social sobre la región de La Libertad en Perú. La región tiene una población de aproximadamente 1.7 millones de habitantes y un PBI per cápita de S/ 10,577. Los ingresos de los hogares han aumentado desde 2003, especialmente para los hogares más pobres. Sin embargo, la región sigue enfrentando desafíos como altos niveles de pobreza, bajos rendimientos educativos y problemas de infraestructura.
La región de Junín tiene una población de aproximadamente 1,3 millones de habitantes. Su economía se basa principalmente en la agricultura, el comercio y la minería. Los niveles de pobreza son altos, con alrededor de un 34% de la población viviendo en la pobreza. La región también enfrenta desafíos en educación, salud e infraestructura.
El documento presenta información sobre la región de Ica en Perú. En 3 oraciones: Ica tiene una población de 739,087 habitantes y su economía se basa principalmente en la agricultura, manufactura y pesca. La pobreza afecta al 13.7% de los hogares pero ha disminuido en los últimos años. La región también ha experimentado mejoras en educación, salud e infraestructura aunque todavía existen brechas que cerrar comparado con el promedio nacional.
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UPRAHUL
This Dissertation explores the particular circumstances of Mirzapur, a region located in the
core of India. Mirzapur, with its varied terrains and abundant biodiversity, offers an optimal
environment for investigating the changes in vegetation cover dynamics. Our study utilizes
advanced technologies such as GIS (Geographic Information Systems) and Remote sensing to
analyze the transformations that have taken place over the course of a decade.
The complex relationship between human activities and the environment has been the focus
of extensive research and worry. As the global community grapples with swift urbanization,
population expansion, and economic progress, the effects on natural ecosystems are becoming
more evident. A crucial element of this impact is the alteration of vegetation cover, which plays a
significant role in maintaining the ecological equilibrium of our planet.Land serves as the foundation for all human activities and provides the necessary materials for
these activities. As the most crucial natural resource, its utilization by humans results in different
'Land uses,' which are determined by both human activities and the physical characteristics of the
land.
The utilization of land is impacted by human needs and environmental factors. In countries
like India, rapid population growth and the emphasis on extensive resource exploitation can lead
to significant land degradation, adversely affecting the region's land cover.
Therefore, human intervention has significantly influenced land use patterns over many
centuries, evolving its structure over time and space. In the present era, these changes have
accelerated due to factors such as agriculture and urbanization. Information regarding land use and
cover is essential for various planning and management tasks related to the Earth's surface,
providing crucial environmental data for scientific, resource management, policy purposes, and
diverse human activities.
Accurate understanding of land use and cover is imperative for the development planning
of any area. Consequently, a wide range of professionals, including earth system scientists, land
and water managers, and urban planners, are interested in obtaining data on land use and cover
changes, conversion trends, and other related patterns. The spatial dimensions of land use and
cover support policymakers and scientists in making well-informed decisions, as alterations in
these patterns indicate shifts in economic and social conditions. Monitoring such changes with the
help of Advanced technologies like Remote Sensing and Geographic Information Systems is
crucial for coordinated efforts across different administrative levels. Advanced technologies like
Remote Sensing and Geographic Information Systems
9
Changes in vegetation cover refer to variations in the distribution, composition, and overall
structure of plant communities across different temporal and spatial scales. These changes can
occur natural.
A Visual Guide to 1 Samuel | A Tale of Two HeartsSteve Thomason
These slides walk through the story of 1 Samuel. Samuel is the last judge of Israel. The people reject God and want a king. Saul is anointed as the first king, but he is not a good king. David, the shepherd boy is anointed and Saul is envious of him. David shows honor while Saul continues to self destruct.
Temple of Asclepius in Thrace. Excavation resultsKrassimira Luka
The temple and the sanctuary around were dedicated to Asklepios Zmidrenus. This name has been known since 1875 when an inscription dedicated to him was discovered in Rome. The inscription is dated in 227 AD and was left by soldiers originating from the city of Philippopolis (modern Plovdiv).
The chapter Lifelines of National Economy in Class 10 Geography focuses on the various modes of transportation and communication that play a vital role in the economic development of a country. These lifelines are crucial for the movement of goods, services, and people, thereby connecting different regions and promoting economic activities.