Global economic activity is picking up, but the continuing crisis in the euro area is delaying a meaningful recovery and job creation, the OECD said in its latest Interim Economic Assessment.
This document provides an economic outlook and projections from the OECD. It summarizes projections for real GDP growth, inflation, unemployment, trade growth, fiscal balances, and interest rates for major economies from 2012-2014. It finds that the global economy is weakening again due to lack of policy responses to issues like the fiscal cliff and eurozone crisis. Failure to take sufficient action now could push the global economy into recession. A positive policy response based on monetary, fiscal, and structural policies is needed to avoid downside risks and support more sustainable growth.
The document provides an overview of Enel SpA's 2011 results and 2012-2016 strategic plan. Key points include:
1) Enel reported a 1.4% increase in EBITDA for 2011 to €17.7 billion, though net income declined 5.5% to €4.1 billion due to higher taxes.
2) The strategic plan outlines macroeconomic assumptions for mature and growth markets and focuses on priorities like efficiencies in mature markets and growth in emerging markets.
3) The plan expects challenges in 2012 from declining demand in Italy, Spain, and mature markets as well as overcapacity issues, while forecasting organic growth to boost profitability in Latin America.
The global economy is stabilizing after an unprecedented recession, helped by unprecedented policy support. However, the recession is not over and the recovery is expected to be sluggish. While growth is projected to be higher in 2010 than previously expected, the advanced economies are not expected to show sustained growth until the second half of 2010. Financial conditions have improved due to government intervention, but financial systems remain impaired and government support will gradually diminish.
This document provides economic forecasts and outlooks for various countries and regions globally. It includes GDP growth forecasts showing expected declines in the Eurozone in 2012-2013 before a recovery in 2014. Unemployment rates are forecast to rise further in the Eurozone. Inflation is expected to remain subdued. Interest rates are expected to remain low with gradual increases beginning in late 2013.
The EU-MS' Economies of central and east EuropeDirk Verbeken
CEE economies weathered challenges in 2011 such as reduced capital inflows and weak growth in the euro area. While CEE growth of 3.1% resumed convergence with the EU15, growth has weakened in each quarter of 2011 and 2012. Exports and imports continued contributing to growth, though export growth has decelerated, especially for intra-EU trade of intermediate goods. Despite the difficult external environment, bold fiscal measures have strengthened public finances in CEE, but further strengthening remains a priority.
Chapter One of the report (available at bit.ly/wesp) shows that growth of the world economy has weakened considerably during 2012 and is expected to remain subdued in the coming two years. The global economy is expected to grow at 2.4 per cent in 2013 and 3.2 per cent in 2014, a significant downgrade from the UN’s forecast of half a year ago.
This document discusses India's policy on foreign direct investment (FDI). It outlines the philosophy behind attracting long-term foreign capital to supplement domestic investment efforts. FDI is recognized as a key driver of economic growth. Large scale economic reforms have created an attractive investment destination in India. The document provides statistics on global and regional FDI trends. It highlights sectors targeted for FDI inflows and incentives provided. Key economic indicators of India that make it an ideal investment destination are also noted.
Government revises its 2009 real GDP growth forecast. The Prime
Minister (PM) announced yesterday that the official real GDP growth
forecast for this year is now between -4% and -5% from +1% to -1%
announced by Bank Negara Malaysia (BNM) in Mar 09. This is due to
the impact of the global recession on external demand which also
weakened domestic demand, especially private investment (1Q09: -
26% YoY), including FDI (1Q09: -50% YoY). However, apart from
mentioning a 25% drop in exports, no detailed breakdown of the
revised forecast was provided.
This document provides an economic outlook and projections from the OECD. It summarizes projections for real GDP growth, inflation, unemployment, trade growth, fiscal balances, and interest rates for major economies from 2012-2014. It finds that the global economy is weakening again due to lack of policy responses to issues like the fiscal cliff and eurozone crisis. Failure to take sufficient action now could push the global economy into recession. A positive policy response based on monetary, fiscal, and structural policies is needed to avoid downside risks and support more sustainable growth.
The document provides an overview of Enel SpA's 2011 results and 2012-2016 strategic plan. Key points include:
1) Enel reported a 1.4% increase in EBITDA for 2011 to €17.7 billion, though net income declined 5.5% to €4.1 billion due to higher taxes.
2) The strategic plan outlines macroeconomic assumptions for mature and growth markets and focuses on priorities like efficiencies in mature markets and growth in emerging markets.
3) The plan expects challenges in 2012 from declining demand in Italy, Spain, and mature markets as well as overcapacity issues, while forecasting organic growth to boost profitability in Latin America.
The global economy is stabilizing after an unprecedented recession, helped by unprecedented policy support. However, the recession is not over and the recovery is expected to be sluggish. While growth is projected to be higher in 2010 than previously expected, the advanced economies are not expected to show sustained growth until the second half of 2010. Financial conditions have improved due to government intervention, but financial systems remain impaired and government support will gradually diminish.
This document provides economic forecasts and outlooks for various countries and regions globally. It includes GDP growth forecasts showing expected declines in the Eurozone in 2012-2013 before a recovery in 2014. Unemployment rates are forecast to rise further in the Eurozone. Inflation is expected to remain subdued. Interest rates are expected to remain low with gradual increases beginning in late 2013.
The EU-MS' Economies of central and east EuropeDirk Verbeken
CEE economies weathered challenges in 2011 such as reduced capital inflows and weak growth in the euro area. While CEE growth of 3.1% resumed convergence with the EU15, growth has weakened in each quarter of 2011 and 2012. Exports and imports continued contributing to growth, though export growth has decelerated, especially for intra-EU trade of intermediate goods. Despite the difficult external environment, bold fiscal measures have strengthened public finances in CEE, but further strengthening remains a priority.
Chapter One of the report (available at bit.ly/wesp) shows that growth of the world economy has weakened considerably during 2012 and is expected to remain subdued in the coming two years. The global economy is expected to grow at 2.4 per cent in 2013 and 3.2 per cent in 2014, a significant downgrade from the UN’s forecast of half a year ago.
This document discusses India's policy on foreign direct investment (FDI). It outlines the philosophy behind attracting long-term foreign capital to supplement domestic investment efforts. FDI is recognized as a key driver of economic growth. Large scale economic reforms have created an attractive investment destination in India. The document provides statistics on global and regional FDI trends. It highlights sectors targeted for FDI inflows and incentives provided. Key economic indicators of India that make it an ideal investment destination are also noted.
Government revises its 2009 real GDP growth forecast. The Prime
Minister (PM) announced yesterday that the official real GDP growth
forecast for this year is now between -4% and -5% from +1% to -1%
announced by Bank Negara Malaysia (BNM) in Mar 09. This is due to
the impact of the global recession on external demand which also
weakened domestic demand, especially private investment (1Q09: -
26% YoY), including FDI (1Q09: -50% YoY). However, apart from
mentioning a 25% drop in exports, no detailed breakdown of the
revised forecast was provided.
2008 - ApresentaçãO SãO Paulo Mercado RegionalEmbraer RI
The document discusses the commercial jet market and the ERJ145 family of regional jets. It notes that while fuel prices may provide some relief in 2009-2010, the industry is expected to see more consolidation, capacity cuts, fare increases, and a focus on efficiency. Over 1,000 ERJ145 aircraft have been delivered since its introduction. In the US domestic market in 2007, 29% of RJ50 flights occurred in markets with 5-25 annual flights, while markets with over 200 annual flights accounted for 19% of RJ50 flights.
The document summarizes key points from a lecture on sources of future economic growth in the UK:
1) The UK experienced a deep recession from 2008-2009 but recovery has been "V-shaped", similar to recessions in the early 1980s.
2) The government's austerity program aims to reduce the deficit significantly by 2015-2016 but front-loading cuts in 2011-2012 risks slowing the recovery.
3) The recession may have caused permanent loss of output and reduced the trend growth rate to about 2%, down from past averages, due to issues like long-term unemployment and reduced business investment.
This document provides an executive summary and overview of projections from the World Economic Outlook report. It finds that:
1) Global economic growth is projected to sharply decline to -3.0% in 2020 due to the COVID-19 pandemic, representing the worst decline since the Great Depression.
2) Both advanced and emerging market economies will face severe downturns in 2020, with advanced economies projected to decline -6.1% and emerging markets -1.0%.
3) Financial conditions have significantly tightened since the previous forecasts, with stock markets selling off, corporate bond spreads widening, and portfolio flows reversing from emerging markets.
Leslie Appleton Young, CAR Chief Economist, spoke at the Real Living Lifestyles New Year, New You Real Estate Symposium on January 31, 2012. She shared her economic forecast for the coming year, and all of the latest charts and stats on the California economy.
The document summarizes Korea's economic performance and policies during the global financial crisis. It shows that Korea experienced a V-shaped recession and recovery, with GDP falling then rapidly rebounding. Exports declined sharply but have since recovered. The stock market dropped but has also bounced back, while inflation remains low and the currency stable. Going forward, Korea will focus on sustainable growth through strengthening domestic demand and the social safety net.
Colin Hamilton's presentation at SteelOrbis Spring '12 Conference & 66th IREP...steelorbis
Colin Hamilton's, from Macquarie Capital, presentation on the macro environment and the effect on steel at SteelOrbis Spring '12 Conference & 66th IREPAS Meeting
Presentation on Global Financial Crisis by BIDSMd Masum Billah
Bangladesh's export sector is vulnerable to the global financial crisis as nearly half of exports go to the EU and one quarter to the USA. Estimates using export demand functions show Bangladesh exports to major markets will experience negative growth in 2009, especially leather goods. However, actual export data so far in 2008 shows Bangladesh outperforming other Asian countries, with positive growth despite declining imports in major markets. Exports are forecast to decline in the first half of 2009 before a gradual recovery.
2008* Embraer Day ApresentaçãO AviaçãO ComercialEmbraer RI
The document discusses the airline market and Embraer programs. It notes that while the current economic situation is challenging, long-term projections still show air travel demand growing 3% annually on average. The airline industry is responding by further reducing capacity and costs. Embraer's ERJ 145 family has delivered 875 aircraft with 40 orders remaining, and the average age of the 30-60 seat fleet is 9 years.
India's international trade and investmentMohit Malviya
India's international trade and foreign direct investment has grown substantially in recent years. Between 2002 and 2008, India's total merchandise trade increased from $95 billion to $391 billion, with exports growing at an average rate of 24.5% and imports growing 30.3% annually. Major trading partners for both exports and imports include the US, China, UAE, and Saudi Arabia. Trade has shifted towards developing Asian countries, with Asia's share of exports increasing from 39% to 52% during 2001-2008. Foreign direct investment inflows and outflows have also increased significantly.
Taiwan's economic situation and outlook , june 2012tuagu79
The document summarizes Taiwan's economic situation and outlook in June 2012. It finds that Taiwan's real GDP grew at an annualized rate of just 0.39% in Q1 2012 due to contracting exports and weak domestic demand. While the global economy is expected to modestly grow in 2012, Taiwan's export and GDP growth will likely be muted at around 3% due to uncertainties from Europe and China. Taiwan ran a trade surplus in April 2012 as exports declined 6.4% and imports rose 2.1% year-on-year. China remains Taiwan's largest export market while Japan is still its biggest import source.
The global economy is recovering, but confidence is extremely uneven across different regions, according to the OECD’s latest Economic Outlook. European governments must take greater action to ensure that the crisis in the euro area does not derail the recovery.
The document provides an economic assessment of the impact of Mongolia's proposed new mineral law. It discusses:
1. The role of mining in Mongolia's economy and its contributions to GDP, exports, investment, and government revenue.
2. The proposed new mineral law and the methodology used for the economic analysis.
3. The implications of the proposed law on Mongolia's economy based on modeling insights.
4. Conclusions from the analysis of the economic impact of the proposed new mineral law.
This document provides an overview of investment opportunities in South Africa and the Western Cape region. It outlines key statistics about South Africa's economy such as its population, literacy and unemployment rates, and inflation. It also discusses South Africa's competitiveness rankings globally and within Africa. The Western Cape region has consistently outperformed the national economy in GDP growth. The presentation concludes with a question and answer section.
This document provides a global economic outlook and forecast summary for various countries and regions. It notes that financial markets have positioned for smooth debt relief in Europe and deficit reduction in the US. However, the outlook predicts fiscal tightening and debt tensions will lead to a deeper recession in Europe. In the US, uncertainty around the fiscal cliff and Europe's crisis will weigh on growth through 2012. Inflation is expected to remain subdued. The forecast summary provides projections for real GDP growth, inflation rates, and policy rates in countries/regions through 2014.
This document summarizes the state of the Indian economy in 2012. It notes that global growth estimates have been revised downward. While the US and European economies have not fully recovered from recession, India's growth is projected to slow as well, impacted by weakness abroad. Exports from India are declining, particularly to Europe, ASEAN and Northeast Asia. Capital inflows to India have also been volatile, with FDI steadier than portfolio flows. The rupee has begun depreciating against the dollar after gaining strength earlier in 2012.
Uk economic outlook peter matheson, economic counsellor - british embassy w...Jessica Roch
The UK economy grew slowly in 2011 but is predicted to pick up after 2012 according to forecasts from the Office for Budget Responsibility. Growth is expected to be driven by increases in investment and net trade. Inflation is predicted to decline while unemployment rates remain elevated but fall over the forecast period. The government deficit is substantial but deficit and debt targets are expected to be achieved through austerity measures.
The document discusses economic trends and household finances in the Baltic countries. It notes that unemployment rates are declining while wage growth is becoming more broad-based in the region. Real wages are still below pre-crisis levels. Tax burdens on labor and the tax wedge are higher in Latvia than neighboring Estonia and Lithuania. Households in the Baltic countries are accumulating financial assets and paying down debt, though pensions and aging populations remain a challenge. Signs of recovery are emerging in household borrowing in Estonia and Lithuania, while Latvia has not yet reached the bottom.
This document contains information from various articles and documents published by Guy Dauncey on his website Earthfuture.com between 2013-2015. The articles discuss moving to a green economy powered by renewable energy sources like solar and wind, promoting sustainable transportation options like electric vehicles, cycling and public transit, increasing energy efficiency in buildings, and creating a vision for a sustainable future.
Este documento presenta una unidad didáctica trilingüe para el curso 2009-2010 en el IES El Molinillo en Sevilla, España. La unidad incluye objetivos, contenidos, temas transversales y la contribución de competencias. Los objetivos se enfocan en desarrollar habilidades lingüísticas como escuchar, leer, hablar y escribir sobre temas literarios y de la vida cotidiana. Los contenidos cubren gramática, vocabulario y aspectos culturales. La unidad promueve competencias lingüísticas y de aprend
Parallel Session B - Presentation by Marcos AlegreOECD Environment
Marcos Alegre gave a presentation on international cooperation in research and technologies from the perspective of Peru. He discussed that Peru only invests 0.12% of its GDP in R&D, compared to an average of 0.74% in Latin America. Alegre presented two cases of successful cooperation: the National Cleaner Production Center Peru and the Resource Efficient and Cleaner Production Global Net. He also discussed the Green Credit Fund project and an eco-innovation project in Peru involving public-private partnerships. Lessons learned included the need to connect universities, technical institutes, and private enterprises to promote innovation. Future priorities identified were increasing researchers, improving education infrastructure, and strengthening intellectual property rights systems in Peru
KPress-Economy: Análisis de Negocio & Business IntelligencePrimitivoCastillo
El documento describe KPress-Economy, un software de Business Intelligence para análisis empresarial. KPress-Economy permite el análisis financiero y operativo de empresas, grupos empresariales y estructuras organizativas complejas. También se destaca su potencial para mejorar la enseñanza del análisis empresarial en escuelas de negocio y universidades.
2008 - ApresentaçãO SãO Paulo Mercado RegionalEmbraer RI
The document discusses the commercial jet market and the ERJ145 family of regional jets. It notes that while fuel prices may provide some relief in 2009-2010, the industry is expected to see more consolidation, capacity cuts, fare increases, and a focus on efficiency. Over 1,000 ERJ145 aircraft have been delivered since its introduction. In the US domestic market in 2007, 29% of RJ50 flights occurred in markets with 5-25 annual flights, while markets with over 200 annual flights accounted for 19% of RJ50 flights.
The document summarizes key points from a lecture on sources of future economic growth in the UK:
1) The UK experienced a deep recession from 2008-2009 but recovery has been "V-shaped", similar to recessions in the early 1980s.
2) The government's austerity program aims to reduce the deficit significantly by 2015-2016 but front-loading cuts in 2011-2012 risks slowing the recovery.
3) The recession may have caused permanent loss of output and reduced the trend growth rate to about 2%, down from past averages, due to issues like long-term unemployment and reduced business investment.
This document provides an executive summary and overview of projections from the World Economic Outlook report. It finds that:
1) Global economic growth is projected to sharply decline to -3.0% in 2020 due to the COVID-19 pandemic, representing the worst decline since the Great Depression.
2) Both advanced and emerging market economies will face severe downturns in 2020, with advanced economies projected to decline -6.1% and emerging markets -1.0%.
3) Financial conditions have significantly tightened since the previous forecasts, with stock markets selling off, corporate bond spreads widening, and portfolio flows reversing from emerging markets.
Leslie Appleton Young, CAR Chief Economist, spoke at the Real Living Lifestyles New Year, New You Real Estate Symposium on January 31, 2012. She shared her economic forecast for the coming year, and all of the latest charts and stats on the California economy.
The document summarizes Korea's economic performance and policies during the global financial crisis. It shows that Korea experienced a V-shaped recession and recovery, with GDP falling then rapidly rebounding. Exports declined sharply but have since recovered. The stock market dropped but has also bounced back, while inflation remains low and the currency stable. Going forward, Korea will focus on sustainable growth through strengthening domestic demand and the social safety net.
Colin Hamilton's presentation at SteelOrbis Spring '12 Conference & 66th IREP...steelorbis
Colin Hamilton's, from Macquarie Capital, presentation on the macro environment and the effect on steel at SteelOrbis Spring '12 Conference & 66th IREPAS Meeting
Presentation on Global Financial Crisis by BIDSMd Masum Billah
Bangladesh's export sector is vulnerable to the global financial crisis as nearly half of exports go to the EU and one quarter to the USA. Estimates using export demand functions show Bangladesh exports to major markets will experience negative growth in 2009, especially leather goods. However, actual export data so far in 2008 shows Bangladesh outperforming other Asian countries, with positive growth despite declining imports in major markets. Exports are forecast to decline in the first half of 2009 before a gradual recovery.
2008* Embraer Day ApresentaçãO AviaçãO ComercialEmbraer RI
The document discusses the airline market and Embraer programs. It notes that while the current economic situation is challenging, long-term projections still show air travel demand growing 3% annually on average. The airline industry is responding by further reducing capacity and costs. Embraer's ERJ 145 family has delivered 875 aircraft with 40 orders remaining, and the average age of the 30-60 seat fleet is 9 years.
India's international trade and investmentMohit Malviya
India's international trade and foreign direct investment has grown substantially in recent years. Between 2002 and 2008, India's total merchandise trade increased from $95 billion to $391 billion, with exports growing at an average rate of 24.5% and imports growing 30.3% annually. Major trading partners for both exports and imports include the US, China, UAE, and Saudi Arabia. Trade has shifted towards developing Asian countries, with Asia's share of exports increasing from 39% to 52% during 2001-2008. Foreign direct investment inflows and outflows have also increased significantly.
Taiwan's economic situation and outlook , june 2012tuagu79
The document summarizes Taiwan's economic situation and outlook in June 2012. It finds that Taiwan's real GDP grew at an annualized rate of just 0.39% in Q1 2012 due to contracting exports and weak domestic demand. While the global economy is expected to modestly grow in 2012, Taiwan's export and GDP growth will likely be muted at around 3% due to uncertainties from Europe and China. Taiwan ran a trade surplus in April 2012 as exports declined 6.4% and imports rose 2.1% year-on-year. China remains Taiwan's largest export market while Japan is still its biggest import source.
The global economy is recovering, but confidence is extremely uneven across different regions, according to the OECD’s latest Economic Outlook. European governments must take greater action to ensure that the crisis in the euro area does not derail the recovery.
The document provides an economic assessment of the impact of Mongolia's proposed new mineral law. It discusses:
1. The role of mining in Mongolia's economy and its contributions to GDP, exports, investment, and government revenue.
2. The proposed new mineral law and the methodology used for the economic analysis.
3. The implications of the proposed law on Mongolia's economy based on modeling insights.
4. Conclusions from the analysis of the economic impact of the proposed new mineral law.
This document provides an overview of investment opportunities in South Africa and the Western Cape region. It outlines key statistics about South Africa's economy such as its population, literacy and unemployment rates, and inflation. It also discusses South Africa's competitiveness rankings globally and within Africa. The Western Cape region has consistently outperformed the national economy in GDP growth. The presentation concludes with a question and answer section.
This document provides a global economic outlook and forecast summary for various countries and regions. It notes that financial markets have positioned for smooth debt relief in Europe and deficit reduction in the US. However, the outlook predicts fiscal tightening and debt tensions will lead to a deeper recession in Europe. In the US, uncertainty around the fiscal cliff and Europe's crisis will weigh on growth through 2012. Inflation is expected to remain subdued. The forecast summary provides projections for real GDP growth, inflation rates, and policy rates in countries/regions through 2014.
This document summarizes the state of the Indian economy in 2012. It notes that global growth estimates have been revised downward. While the US and European economies have not fully recovered from recession, India's growth is projected to slow as well, impacted by weakness abroad. Exports from India are declining, particularly to Europe, ASEAN and Northeast Asia. Capital inflows to India have also been volatile, with FDI steadier than portfolio flows. The rupee has begun depreciating against the dollar after gaining strength earlier in 2012.
Uk economic outlook peter matheson, economic counsellor - british embassy w...Jessica Roch
The UK economy grew slowly in 2011 but is predicted to pick up after 2012 according to forecasts from the Office for Budget Responsibility. Growth is expected to be driven by increases in investment and net trade. Inflation is predicted to decline while unemployment rates remain elevated but fall over the forecast period. The government deficit is substantial but deficit and debt targets are expected to be achieved through austerity measures.
The document discusses economic trends and household finances in the Baltic countries. It notes that unemployment rates are declining while wage growth is becoming more broad-based in the region. Real wages are still below pre-crisis levels. Tax burdens on labor and the tax wedge are higher in Latvia than neighboring Estonia and Lithuania. Households in the Baltic countries are accumulating financial assets and paying down debt, though pensions and aging populations remain a challenge. Signs of recovery are emerging in household borrowing in Estonia and Lithuania, while Latvia has not yet reached the bottom.
This document contains information from various articles and documents published by Guy Dauncey on his website Earthfuture.com between 2013-2015. The articles discuss moving to a green economy powered by renewable energy sources like solar and wind, promoting sustainable transportation options like electric vehicles, cycling and public transit, increasing energy efficiency in buildings, and creating a vision for a sustainable future.
Este documento presenta una unidad didáctica trilingüe para el curso 2009-2010 en el IES El Molinillo en Sevilla, España. La unidad incluye objetivos, contenidos, temas transversales y la contribución de competencias. Los objetivos se enfocan en desarrollar habilidades lingüísticas como escuchar, leer, hablar y escribir sobre temas literarios y de la vida cotidiana. Los contenidos cubren gramática, vocabulario y aspectos culturales. La unidad promueve competencias lingüísticas y de aprend
Parallel Session B - Presentation by Marcos AlegreOECD Environment
Marcos Alegre gave a presentation on international cooperation in research and technologies from the perspective of Peru. He discussed that Peru only invests 0.12% of its GDP in R&D, compared to an average of 0.74% in Latin America. Alegre presented two cases of successful cooperation: the National Cleaner Production Center Peru and the Resource Efficient and Cleaner Production Global Net. He also discussed the Green Credit Fund project and an eco-innovation project in Peru involving public-private partnerships. Lessons learned included the need to connect universities, technical institutes, and private enterprises to promote innovation. Future priorities identified were increasing researchers, improving education infrastructure, and strengthening intellectual property rights systems in Peru
KPress-Economy: Análisis de Negocio & Business IntelligencePrimitivoCastillo
El documento describe KPress-Economy, un software de Business Intelligence para análisis empresarial. KPress-Economy permite el análisis financiero y operativo de empresas, grupos empresariales y estructuras organizativas complejas. También se destaca su potencial para mejorar la enseñanza del análisis empresarial en escuelas de negocio y universidades.
A Flourishing Green Economy without Tar Sands or PipelinesGuy Dauncey
The document discusses the potential for a flourishing green economy without tar sands or pipelines. It outlines a vision of transitioning to renewable energy sources like solar and wind power across various sectors of the economy, including transportation, buildings, and infrastructure. Specific strategies proposed include increasing rates of walking, cycling, public transit, electric vehicles, and telecommuting to reduce oil dependence and transition to a sustainable economy.
This document from the OECD Environment Directorate summarizes the economic consequences of climate change. It finds that by 2060, climate change could reduce global GDP by 0.3-1.0% annually depending on the region, with South and Southeast Asia and Sub-Saharan Africa seeing losses up to -7%. Key economic impacts come from agriculture, coastal zones, energy demand, extreme weather events, health effects, and reduced tourism. However, implementing optimal climate policies could significantly reduce damages, with global GDP losses cut by up to half compared to a scenario without action.
The global economy is growing slowly with diverging growth rates between countries. Financial risks are increasing and volatility is likely to rise. Potential growth has declined as weak demand interacts with slowing growth rates. The euro area economy remains weak, a major concern. Coordinated monetary, fiscal and structural policies will need to be deployed to mitigate risks and boost growth.
Parallel Session C - Presentation by José PinedaOECD Environment
The document discusses measuring progress towards a green economy. It presents the Green Economy Progress (GEP) index, which measures 11 indicators across countries from 2000-2014. The GEP index shows that 54 of 89 countries made positive progress, especially in protected areas, access to basic services, energy use, and pollution. However, most countries showed regress in material footprint and green innovation. Key gaps are limited data on green innovation, especially in developing regions. The GEP index provides a framework to monitor green economy progress but more work is needed to expand indicators and data.
Session 1 - Presentation by Xu Zhaoyuan On behalf of Zhao Changwen OECD Environment
The document discusses China promoting innovation and green development as twin strategies under its "New Normal" phase of economic development. It sets the following goals: increasing R&D expenditure to over 2.5% of GDP and reducing dependency on foreign technologies by 2020. Key areas of focus include developing industries efficiently with low carbon emissions, exploring green and smart urbanization, and vigorously developing smart buildings. China will also build a national innovation system, promote the "Made in China 2025" strategy, and establish market trading systems and an environmental monitoring network to achieve green growth. Challenges include changing government behavior and pushing the new model during an economic downturn.
The document summarizes the IMF's projections for global economic growth in 2013 and 2014 from its January 2013 World Economic Outlook update. It finds that:
1) Global growth is projected to gradually increase in 2013 as factors slowing growth in recent years ease, but the recovery will be more gradual than previously expected.
2) While policy actions have reduced crisis risks in Europe and the US, growth remains weak in Europe and may be weaker than projected, with downside risks remaining significant.
3) Growth is forecast to increase modestly in the US and pick up in emerging markets, but contract further in Japan and remain weak in Europe overall.
Global growth prospects have dimmed and risks have escalated. The euro area crisis has entered a new perilous phase, with the euro area economy expected to enter recession in 2012. Growth is also slowing in emerging markets due to weaker external demand. Immediate policy priorities are restoring confidence in the euro area, sustaining growth while implementing fiscal adjustments, and providing liquidity. Other advanced economies must address fiscal imbalances and repair financial systems while sustaining recoveries. Emerging markets need to respond to moderating domestic growth and slowing external demand from advanced economies. Global growth is projected to slow to 3.3% in 2012, a downward revision of 0.7 percentage points from previous forecasts.
The economic outlook for the sector - Andrew SentanceCFG
The document discusses the implications of a "new normal" economy for charities. It suggests that since the 2008 financial crisis, Western economies will experience prolonged disappointing growth, volatility, and high commodity prices (Phase 1). However, a clearer growth dynamic may emerge in developing countries and later in Western countries in Phase 2. For charities, this means a challenging fundraising climate with economic uncertainty, but also opportunities to help stressed societies. Charities need resilience, good management, and risk assessment to navigate this environment.
The document provides an overview of recent economic indicators from Europe, the US, and Japan in February 2013. It summarizes that the consensus GDP forecast for the Eurozone remained at 0.1% for 2013 and 1.2% for 2014. While the EU industrial confidence decreased slightly, consumer confidence improved considerably. The GDP forecast for the US decreased to 1.9% for 2013, and the forecast for Japan improved significantly to 1.2% for 2013 and 2014.
China's GDP growth slowed to 7.6% in Q2 2012, the slowest rate in three years, but was still in line with government targets. While exports were impacted by the weak global economy, other data like new bank loans and investment increased in June and suggest better prospects in the second half of the year. The government will take additional measures like interest rate cuts and increasing public investment to ensure GDP growth reaches the forecasted rate of 8% for 2012.
Andrew Sentence: The "New Normal" for the global economyNuffield Trust
- The global economy is expanding but the recovery is uneven, with growth in Asia outpacing the EU and US.
- This recovery differs from previous recoveries in the 1980s and 1990s with slower growth across advanced and emerging economies.
- Asia-Pacific has become the dominant global economic region while UK growth has disappointed, averaging only 1.3% since 2009.
Is a credit crunch threatening the financing of the economy (BFF 12 june 2012)Cfinancing
The document summarizes recent credit developments in the euro area and Belgium based on a presentation given by Jan Smets.
1) Credit growth to both corporations and households has slowed significantly since the financial crisis, though utilization rates remain high.
2) Factors influencing credit demand and supply include weak economic growth, risk aversion on the part of banks, and tighter credit standards.
3) Liquidity provision by central banks has helped ease credit conditions, but financing costs and balance sheet constraints still weigh on lending.
Recent Economic Developments in Latvia and Medium-term OutlookLatvijas Banka
This presentation summarises recent macroeconomic developments in Latvia and outlines a medium-term outlook for real GDP and inflation. Presentation reviews ongoing economic recovery, labour market issues and includes analyses on core factors behind the path of inflation. The main focus of the presentation is on the issue of competitiveness of the Latvian economy pointing to the costs adjustment process and productivity gains, as well as presenting export performance, market shares and current account developments. Presentation also features slides on monetary and financial market developments.
Le monde en 2050 : les perspectives de PwC (2013)PwC France
http://pwc.to/V9rjZn
Selon le dernier rapport World in 2050 publié par PwC, la crise financière a accéléré le déplacement du centre de gravité de l’économie mondiale. La Chine, les États-Unis et l’Inde devraient conforter leur suprématie d’ici à 2050, mais les pays émergents n’en restent pas moins confrontés à d’immenses défis pour inscrire dans la durée leur forte croissance récente. Selon PwC, d’ici 2050, l’Indonésie, le Nigeria et le Vietnam pourraient connaître une progression spectaculaire ; le Brésil pourrait supplanter le Japon à la 4e place, et la Turquie pourrait s’imposer comme l’une des premières économies d’Europe.
The document summarizes recent economic indicators from Europe, the US, and Japan in March 2013. In Europe, GDP growth forecasts were lowered slightly but industrial confidence and consumer confidence improved. Unemployment continued to rise in the Eurozone. In the US, GDP growth forecasts were also lowered and consumption slowed due to tax increases. In Japan, GDP growth forecasts remained stable and the economy appears to have stabilized.
This presentation summarises recent macroeconomic developments in Latvia and outlines a medium-term outlook for real GDP and inflation. Presentation reviews ongoing economic recovery, labour market issues and includes analyses on core factors behind the path of inflation. The main focus of the presentation is on the issue of competitiveness of the Latvian economy pointing to the costs adjustment process and productivity gains, as well as presenting export performance, market shares and current account developments. Presentation also features slides on monetary and financial market developments.
The document forecasts key UK economic indicators from 2007 to 2015. It predicts that UK GDP growth will be around 1% in 2011-2012 before slowly recovering to a long-term trend of 2.4% by 2015. Inflation is expected to fall to around 2.5% in 2012 as past increases drop out, but remain above the 2% target. Unemployment is projected to rise to 2.7 million in 2012 before gradually declining, while the unemployment rate averages 8.5% in 2012. Interest rates are expected to rise above 1.5% by the end of 2012 as growth recovers. Oil prices are forecast to increase to around $130 per barrel by 2015.
Think Canada! Why you should commercialize technology with Canadian partners.Michael Willmott
The document provides an overview of Canada's strong economic relationship with Minnesota and reasons for doing business with Canada. Some key points:
- Canada is a major trading partner for Minnesota, with over $21 billion in bilateral trade in 2008. Over 140,000 Minnesota jobs are supported by Canada-US trade.
- Canada has a relatively strong economy and superior employment growth compared to other G7 countries. It also has sound fiscal management and leading financial institutions.
- Canada offers a strong business environment for entrepreneurs with low business costs, favorable tax rates, and relatively few regulatory hurdles to starting a business.
- Canada has a highly educated workforce with many qualified engineers and provides generous incentives for research and
Economic indicators December 2012 - part 1SappiHouston
The document summarizes recent economic indicators from Europe, the US, Japan, and Germany. It reports that the GDP growth forecast for Europe in 2013 decreased slightly to 0.1%, while forecasts improved for the US and Japan. The German business climate index rose in December as companies were less pessimistic about the future despite viewing their current situation as somewhat worse. Unemployment in the EU remained high at 10.7% in January 2013.
1. Most economic indicators show signs that the recession has bottomed out in major OECD economies. GDP growth is projected to return in the third quarter of 2009 for the US and Eurozone.
2. However, unemployment has continued to rise sharply in many countries. Inflation remains low, reflecting falling oil and commodity prices.
3. Central banks have expanded their balance sheets significantly through large bond purchase programs. Government bond rates have stabilized after substantial declines.
4. While recovery appears to have started, the outlook remains uncertain depending on the strength of the upturn in private demand. Policy support will be needed to foster job creation and sustainable growth.
Similar to OECD Interim Economic outlook - March 28 2013 (20)
Digital technologies are transforming the global economy and society in fundamental ways:
1) Mobile broadband and digital technologies have enabled supercomputers to be carried in people's pockets, generating huge data flows and fueling disruptive innovation.
2) Digitization allows value creation to be decoupled from geography as digital firms are able to globally scale without requiring large numbers of employees in any single location.
3) The Internet, through open standards and decentralized architecture, enables global interoperability, permissionless innovation, and new platforms that facilitate many-to-many interactions instead of traditional one-to-many models.
Session by Roel Nieuwenkamp, Chair, OECD Working Party on Responsible Business Conduct
This year marks the 40th anniversary of the OECD Guidelines for Multinational Enterprises, the most comprehensive set of recommendations and leading global standard on Responsible Business Conduct (RBC). The Guidelines are unique in that they remain the only government-backed international instrument on RBC with a built-in grievance mechanism that enables stakeholders – trade unions, NGOs, local communities – to raise concerns to National Contact Points (NCPs) in cases where the Guidelines are not observed. NCPs are located in 34 OECD countries and 12 non-OECD countries, actively promoting the Guidelines, handling enquiries, and contributing to the resolution of issues arising from alleged non-observance.
As the role of business in society has evolved from the charitable and voluntary endeavours associated with corporate social responsibly to the more stringent expectations of RBC, MNEs are well-placed to take an active leadership role in addressing global social, environmental, developmental and human rights challenges. Since 2011, the Guidelines have included corporate supply chain responsibility and a number of countries have implemented legislation holding businesses accountable for carrying out the necessary due diligence to identify, prevent and mitigate real and potential adverse impacts related to their business operations or relationships, and for how they are addressed. In some countries, improving RBC standards of due diligence extends to human rights requirements, such as reporting sourcing from conflict areas and processes to manage the risks of human trafficking or forced labour.
Session by Mario Pezzini, Director of OECD Development Centre and Director a.i., OECD Development Co-operation Directorate.
The growth of global value chains (GVCs) has increased the interconnectedness of economies. We understand that emerging economies in Southeast Asia play a pivotal role in the global economy. This session will provide you with the latest OECD analysis on the regional economy and on the key challenges it faces in light of regional integration.
International trade, which used to be a leading driver of economic growth, is now lagging behind, as world trade growth slowed down to around 2% in 2015. Two decades prior to the 2008 crisis, world trade growth annually registered at 7%. Many factors are at play – both cyclical and structural – but their effects are posing risks to the emerging and developing economies in Asia, where trade growth is currently relatively robust. Regional free trade agreements, notably the Trans-Pacific Partnership and the Regional Comprehensive Economic Partnership, will also influence trade in Asia, and will certainly have implications for the global value chains of specific industries, including in those countries not belonging to the new regional agreements. Strengthening regional ties by 2025 is one of Asia’s most important agendas. This can be made more effective by building on important and positive achievements through ASEAN, ASEAN+3 and ASEAN+6 and making greater efforts to improve co-ordination between regional and sub-regional initiatives and national agendas, reduce disparities in the region, move towards a “Global ASEAN” and strengthen monitoring capacity. Additionally, addressing issues of green growth, renewable energy and private sector development will be particularly important to Asia’s success in regional integration.
Session by Rolf Alter, OECD Director for Public Governance and Territorial Development.
This session will cover the challenges critical risks pose for OECD as well as non-OECD countries, the implications of increasing economic losses from disasters and how these pose particular challenges for regional growth recovery. How well governments manage disasters is a key test for the trust of citizens in government. Drawing on successful country practices to manage risks and invest in a sustainable future, the session will explain the work of the OECD High Level Risk Forum to foster exchanges among countries with the aim to improve their resilience.
1. The document discusses regional challenges in Asia from the perspective of the OECD, focusing on trends in global and Asian economic integration driven by trade, investment, and global value chains.
2. It notes that while Asian integration was initially market-driven, the number of free trade agreements in Asia has risen sharply in recent years, though financial integration remains limited.
3. Challenges to further Asian regional integration include promoting cooperation across the various regional frameworks and balancing regional and global trade regimes.
Session by Catherine Candea, OECD Deputy Director of Public Affairs and Communications; and Yumiko Murakami, Head of OECD Tokyo Centre.
Gender equality is not only about ensuring a fair society, it makes good economic sense. On average across the OECD, if female labour force participation rates converged to that of men by 2030, GDP would increase by 12%. G20 countries have committed to reduce gender gaps in labour force participation rates by 25% by 2025. Progress in female educational attainment and increases in women’s employment are absolutely crucial for economic growth and for reducing income inequality, even more so in the context of ageing populations. However, significant disparities remain: women are less likely than men to work and more likely to work part-time; they remain severely under-represented in the science, technology, engineering and mathematics (STEM) fields of study and occupations; their representation in senior management positions is still far below par; and gender wage gaps persist, particularly at the top of the hierarchy. In many countries, tax and benefit systems still do not provides mothers and fathers with equal incentives to work, which can exacerbate existing gender inequalities. All these differences, accumulated throughout life, also lead to retirement income disparities.
Gender equality amongst policy makers has been recognised as important for achieving progress in gender equality and for improving the quality and responsiveness of public policy and services. But while the proportion of female leaders policy making is increasing, women still represent, on average, less than one-third of decision-making positions in all branches of power in OECD countries.
Session by Christian Kastrop, Director, Policy Studies Branch, OECD Economics Department
The OECD’s research on Finance and Inclusive Growth has shown that over the past fifty years, credit by banks and other intermediaries to households and businesses has grown three times as fast as economic activity. While greater levels of stock market financing can boost growth, at today’s level of financial development further expansion of bank credit to the private sector is shown to not only slow growth in most OECD countries but also contribute to inequality as better-off households tend to benefit more from financial leverage. Therefore, policy makers should i.a. implement measures to reduce explicit and implicit subsidies to too-big-to-fail financial institutions and reduce the tax bias against equity. To make the financial sector more inclusive and work for people, we must also ensure that companies invest in the real economy. Data analysis of 11 000 of the world’s largest companies has shown that there is a misallocation of capital that needs to be improved in order to foster productivity growth and long-term value creation that can allow for inclusive growth. Promoting competition can support such efforts and also limit unproductive concentration of profits and wealth. New analysis also shows a fragmentation of productivity that needs to be addressed, with a majority of companies sitting in a ‘trough’ of low productivity levels and moderate growth from which it is hard to exit. The current low-interest, low-growth environment makes it also more difficult for pension funds and life insurers to keep their financial promises of providing adequate retirements incomes. These institutional investors are thus driven to pursue higher-risk investment strategies that could ultimately undermine their solvency. This potentially jeopardises the secure retirement especially of the poorest of our citizens.
Session by Adrian Blundell-Wignall, Acting Director, Special Advisor to the Secretary-General for Financial Markets, OECD Directorate for Financial and Enterprise Affairs
The OECD’s research on Finance and Inclusive Growth has shown that over the past fifty years, credit by banks and other intermediaries to households and businesses has grown three times as fast as economic activity. While greater levels of stock market financing can boost growth, at today’s level of financial development further expansion of bank credit to the private sector is shown to not only slow growth in most OECD countries but also contribute to inequality as better-off households tend to benefit more from financial leverage. Therefore, policy makers should i.a. implement measures to reduce explicit and implicit subsidies to too-big-to-fail financial institutions and reduce the tax bias against equity. To make the financial sector more inclusive and work for people, we must also ensure that companies invest in the real economy. Data analysis of 11 000 of the world’s largest companies has shown that there is a misallocation of capital that needs to be improved in order to foster productivity growth and long-term value creation that can allow for inclusive growth. Promoting competition can support such efforts and also limit unproductive concentration of profits and wealth. New analysis also shows a fragmentation of productivity that needs to be addressed, with a majority of companies sitting in a ‘trough’ of low productivity levels and moderate growth from which it is hard to exit. The current low-interest, low-growth environment makes it also more difficult for pension funds and life insurers to keep their financial promises of providing adequate retirements incomes. These institutional investors are thus driven to pursue higher-risk investment strategies that could ultimately undermine their solvency. This potentially jeopardises the secure retirement especially of the poorest of our citizens.
Session by Rolf Alter, Director, OECD Public Governance and Territorial Development
Money plays a role both as a channel for citizens to support their candidates or political parties, and as a means for candidates and political parties to reach out to their constituencies. Access to resources for political parties and candidates also shapes political competition. Parliamentarians have an important stake in advancing the global debate on the role of money in politics. There are still many loopholes in political party funding regulations that are open to exploitation by powerful special interests. Loans, membership fees, and third party funding are all used to circumvent spending limits and other regulations. Many countries struggle to define and regulate third-party campaigning leaving them ill-equipped to prevent the channelling of election spending through supposedly independent committees and interest groups. Only a handful of countries have regulations in place for third-party campaigning and globalisation is complicating the regulation of private funding of political parties as foreign companies and wealthy individuals are often deeply integrated with domestic business interests. This OECD report finds that 29% of OECD countries have an independent electoral management body and there is no one-size-fits all model. But whatever the structure, the institutions responsible for enforcing political finance regulations should have a clear mandate, legal power and the capacity to deal with large volumes of work. While data clearly shows that sanctions are effective in improving compliance with the rules, many countries struggle to ensure sanctions that are both proportionate and dissuasive. One clear-cut lesson is that ensuring the effective implementation of political finance regulations still remains challenging in many countries. The Framework on Financing Democracy presented in this report shapes the global debate on risks and policy options, and provides tangible advice for the funding of political parties and electoral campaigns. The report also features detailed case studies of Canada, Chile, Estonia, France, Korea, Mexico, United Kingdom, Brazil and India.
The Paris Agreement achieved key outcomes including establishing a long-term temperature goal of keeping global warming well below 2°C, requiring climate action from all countries through national commitments to reduce emissions and adapt to climate impacts, and creating mechanisms to enhance transparency and accountability. However, many technical details around implementing national commitments and mobilizing climate finance still need to be resolved to ensure the agreement achieves its ambitious goals.
Session by Paul Simons, Deputy Executive Director, International Energy Agency, 4 February 2016
Signs of change in global energy have multiplied in the 12 months. Oil prices fell sharply, with the prices of other fuels moving in tandem in many parts of the world. Amid turmoil in parts of the Middle East, a clear pathway opened up for the return of Iran, one of the world’s largest hydrocarbon resource-holders, to oil markets. China’s role in driving global trends continues to change as it enters a much less energy-intensive phase in its development. Renewables contributed almost half of the world’s new power generation while the coverage of mandatory energy efficiency regulation expanded to more than a quarter of global consumption. And the Paris Agreement reached at COP21 has provided a catalyst to accelerate investments in cleaner technologies and energy efficiency. The session addressed these and other developments, the associated risks and opportunities that might lie ahead – and what can be done to put the energy system on a more secure and sustainable footing.
Session by David Bradbury, Head, Tax Policy Statistics Division, OECD Centre for Tax Policy and Administration, Meeting of the OECD Parliamentary Group on Tax, 19 Oct 2015
Exchange on request, automatic exchange of financial account information and TRACE (Treaty Relief and Compliance Enhancement), spontaneous exchange of rulings, country-by-country reporting, voluntary disclosure programmes.
Session by Achim Pross, Head, International Co-operation and Tax Administration Division, OECD Centre for Tax Policy and Administration and Monica Bhatia, Head, Secretariat of the Global Forum on Transparency and Exchange of Information for Tax Purposes, Meeting of the OECD Parliamentary Group on Tax, 19 Oct 2015
Session by Achim Pross, Head, International Co-operation and Tax Administration Division, OECD Centre for Tax Policy and Administration, Meeting of the OECD Parliamentary Group on Tax, 19 Oct 2015
Session by Raffaele Russo, Head, BEPS Project, OECD Centre for Tax Policy and Administration, Meeting of the OECD Parliamentary Group on Tax, 19 Oct 2015
Market conditions are improving, but unemployment is still declining too slowly and unevenly across countries. It is projected to continue its slow decline, reaching 6.6% in the last quarter of 2016 while remaining above 20% in Greece and Spain. Weak real wage growth remains an issue of concern, particularly in the Euro area. Minimum wages can help underpin the income of low-paid workers, but must be closely coordinated with tax-benefit policies to be effective. Wage inequality has been rising in a large majority of OECD countries. To minimise the wage gap, investing in skills is crucial – particularly where skills are scarce relative to demand. In terms of job quality, emerging economies perform worse than OECD countries. Youth, low-skilled and informal workers typically hold the poorest quality jobs. To make labour markets more inclusive, activation policies have to be designed to improve the employability, expand the opportunities and maintain the motivation of jobseekers.
Immigrants and their native-born children account for 1 in 5 of the population in OECD countries. The recent joint OECD-EU publication „Settling In“ provides the most comprehensive overview of their integration outcomes ever undertaken and covers all major domains (labour market, education, social inclusion). The presentation summarises the key findings and concludes with good practices and policy recommendations to better use the skills of immigrants and children, with a special focus on the integration of refugees.
Recent migration trends and the refugee crisis
Jean-Christophe Dumont, Head, International Migration Division, OECD Employment, Labour and Social Affairs Directorate
Immigration flows are on the rise in most OECD countries. Preliminary data for 2014 suggest that permanent migration flows increased sharply for the first time since 2007 and are almost back to their pre-crisis level. Intra-regional migration, notably within Europe, is increasing together with the international competition for talents. What are the key trends regarding labour migration policies in the OECD? In the meantime, Europe will record in 2015 an unprecedented number of asylum seekers and refugees with up to one million asylum applications; an estimated 350 000 to 450 000 people could be granted refugee or similar status, more than in any previous European refugee crisis since World War II. Can OECD countries cope with this crisis and what are the prospects for future developments?
The UN Framework Convention on Climate Change was agreed more than 20 years ago, but global CO2 emissions have continued to rise. Fossil fuels still dominate the global energy supply and we are on course for a 3-5⁰C increase in global surface temperatures by the end of the century. July 2015 was the warmest month ever recorded for the globe. The OECD has been working in co-operation with its partners to identify how countries need to resolve misalignments between climate goals and policies in other domains that risk undermining climate action and making the low-carbon transition more costly. With the carbon clock ticking, the Paris COP21 conference in December must give a clear and credible directional signal that governments can and will transition from the carbon-intensive present to a low carbon resilient future.
According to the OECD’s research on international bribery and corruption, most international bribes are paid by large companies, usually with the knowledge of senior management. Bribes are generally paid to win contracts from state-owned or controlled companies in advanced economies, rather than in the developing world, and most bribe payers and takers are from wealthy countries. Almost two-thirds of 400 cases analysed worldwide, occurred in just four sectors: extractive (19%); construction (15%); transportation and storage (15%); and information and communication (10%). Intermediaries, mostly agents or corporate vehicles, were involved in three out of four foreign bribery cases. This demonstrates the need for more effective due diligence and oversight of corporate compliance programmes. Governments should strengthen sanctions, make settlements public and reinforce protection of whistleblowers as part of greater efforts to tackle bribery and corruption.
More from OECD - Organisation for Economic Co-operation and Development (20)
ग्रेटर मुंबई के नगर आयुक्त को एक खुले पत्र में याचिका दायर कर 540 से अधिक मुंबईकरों ने सभी अवैध और अस्थिर होर्डिंग्स, साइनबोर्ड और इलेक्ट्रिक साइनेज को तत्काल हटाने और 13 मई, 2024 की शाम को घाटकोपर में अवैध होर्डिंग के गिरने की विनाशकारी घटना के बाद अपराधियों के खिलाफ सख्त कार्रवाई की मांग की है, जिसमें 17 लोगों की जान चली गई और कई निर्दोष लोग गंभीर रूप से घायल हो गए।
Federal Authorities Urge Vigilance Amid Bird Flu Outbreak | The Lifesciences ...The Lifesciences Magazine
Federal authorities have advised the public to remain vigilant but calm in response to the ongoing bird flu outbreak of highly pathogenic avian influenza, commonly known as bird flu.
Christian persecution in Islamic countries has intensified, with alarming incidents of violence, discrimination, and intolerance. This article highlights recent attacks in Nigeria, Pakistan, Egypt, Iran, and Iraq, exposing the multifaceted challenges faced by Christian communities. Despite the severity of these atrocities, the Western world's response remains muted due to political, economic, and social considerations. The urgent need for international intervention is underscored, emphasizing that without substantial support, the future of Christianity in these regions is at grave risk.
https://ecspe.org/the-rise-of-christian-persecution-in-islamic-countries/
#WenguiGuo#WashingtonFarm Guo Wengui Wolf son ambition exposed to open a far...rittaajmal71
Since fleeing to the United States in 2014, Guo Wengui has founded a number of projects in the United States, such as GTV Media Group, GTV private equity, farm loan project, G Club Operations Co., LTD., and Himalaya Exchange.
12062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
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15062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
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केरल उच्च न्यायालय ने 11 जून, 2024 को मंडला पूजा में भाग लेने की अनुमति मांगने वाली 10 वर्षीय लड़की की रिट याचिका को खारिज कर दिया, जिसमें सर्वोच्च न्यायालय की एक बड़ी पीठ के समक्ष इस मुद्दे की लंबित प्रकृति पर जोर दिया गया। यह आदेश न्यायमूर्ति अनिल के. नरेंद्रन और न्यायमूर्ति हरिशंकर वी. मेनन की खंडपीठ द्वारा पारित किया गया
Why We Chose ScyllaDB over DynamoDB for "User Watch Status"ScyllaDB
Yichen Wei and Adam Drennan share the architecture and technical requirements behind "user watch status" for a major global media streaming service, what that meant for their database, the pros and cons of the many options they considered for replacing DynamoDB, why they ultimately chose ScyllaDB, and their lessons learned so far.
Slide deck with charts from our Digital News Report 2024, the most comprehensive exploration of news consumption habits around the world, based on survey data from more than 95,000 respondents across 47 countries.
लालू यादव की जीवनी LALU PRASAD YADAV BIOGRAPHYVoterMood
Discover the life and times of Lalu Prasad Yadav with a comprehensive biography in Hindi. Learn about his early days, rise in politics, controversies, and contribution.
17062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
16062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
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13062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
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Shark Tank Jargon | Operational ProfitabilityTheUnitedIndian
Don't let fancy business words confuse you! This blog is your cheat sheet to understanding the Shark Tank Jargon. We'll translate all the confusing terms like "valuation" (how much the company is worth) and "royalty" (a fee for using someone's idea). You'll be swimming with the Sharks like a pro in no time!
1. What is the near-term
global economic outlook?
An interim assessment
Paris, 28th March 2013
11h00 Paris time
Pier Carlo Padoan
OECD Deputy Secretary-General and Chief Economist
1
2. Overview
• The global growth outlook is improving after a weak end to
2012.
• The starting point and pace of improvement are worse for
the euro area.
• Financial market advances are outstripping real indicators.
Overview
• Confidence is still not strong, especially in the euro area.
o Linked to high unemployment in many economies
• Policy action is still needed to support demand.
2
3. OECD interim forecasts
Annualised quarter-on-quarter real GDP growth, per cent
2012 Q3 2012 Q4 2013 Q1 2013 Q2
United States 3.1 0.1 3.5 2.0
Japan -3.7 0.2 3.2 2.2
Interim Assessment
Germany 0.9 -2.3 2.3 2.6
France 0.7 -1.2 -0.6 0.5
Italy -0.8 -3.7 -1.6 -1.0
United Kingdom 3.8 -1.2 0.5 1.4
Canada 0.7 0.6 1.1 1.9
G7 1.4 -0.5 2.4 1.8
Euro area 31 0.4 -2.3 0.4 1.0
1. Weighted average of Germany, France and Italy.
Source: OECD Quarterly National Accounts; and OECD Indicator Model forecasts.
3
4. The near-term outlook has improved
G7 real GDP
Annualised quarter-on-quarter change, per cent
2.5
2.0
Growth projections
1.5
1.0
0.5
0.0
2012Q1 2012Q2 2012Q3 2012Q4 2013Q1 2013Q2
-0.5
-1.0
Source: OECD Main Economic Indicators and OECD Indicator Model forecasts.
4
5. Emerging economies continue
to drive global growth
Contribution to annual world1 real GDP growth
Contributions to global growth
Percentage points
6 6
Emerging
5 economies 2 5
4 OECD 4
3 3
2 2
1 1
0 0
-1 -1
-2 -2
-3 -3
2007 2008 2009 2010 2011 2012 2013
Note: Calculated using moving nominal GDP weights, based on national GDP at purchasing power parity.
2013 reflects OECD projections from Economic Outlook 92.
1. World GDP is proxied by the sum of OECD and the six large non-OECD emerging economies.
2. Emerging economies are here Brazil, China, India, Indonesia, Russia and South Africa.
Source: OECD Main Economic Indicators and Economic Outlook 92.
5
6. Risks
Downside tail risks to growth are less pronounced than 6
months ago thanks to policy action in the major economies.
Remaining negative risks include:
• The euro area recession and financial system fragility.
• Fiscal deadlock in the United States, although the short-term
risk of disruptive consolidation has receded.
Risks
• A widening disconnect between asset prices and real activity
signalling excessive risk taking.
6
7. Financial markets have advanced strongly
Equity markets Corporate bond spreads
Index, August 2011 = 100 Per cent
145 United States 14 14
Euro area BBB
135 Euro area 12 Euro area high yield 12
Japan United States high yield
125 10 10
United States BBB
Financial markets
8 8
115
6 6
105
4 4
95
2 2
85
0 0
03-Nov-11
03-Jul-12
03-Nov-12
03-Jul-11
03-Sep-11
03-Sep-12
03-Jan-11
03-Jan-12
03-Jan-13
03-Mar-11
03-May-11
03-Mar-12
03-May-12
03-Mar-13
01-Jul-12
01-Nov-11
01-Jan-12
01-Mar-12
01-Nov-12
01-Jan-13
01-Mar-13
01-Sep-11
01-Sep-12
01-May-12
Note: S&P 500 Composite for the United States, Nikkei 225 for Japan, Note: High-yield bonds (Merrill Lynch indices) less government
FTSE Eurotop 100 for euro area. Last observation: 21-03-2013. bond yields (10-year benchmark bonds); corporate BBB-rated
Source: Datastream. bond yields (Merrill Lynch - average for 5-7 & 7-10 years) less
average government bond yields of same maturities. Last
observation: 22-03-2013.
Source: Datastream; OECD calculations.
7
8. Confidence indicators are mixed
Business confidence Consumer confidence
PMI indicators Normalised indices
70 Standard deviations
3
65
United States
60 2 Euro area
55
Business confidence
Japan
1
50
45 0
40
United States -1
35
Euro area
30 -2
Japan
25
-3
2008m1
2008m5
2008m9
2009m1
2009m5
2009m9
2010m1
2010m5
2010m9
2011m1
2011m5
2011m9
2012m1
2012m5
2012m9
2013m1
2007m1
2007m5
2007m9
2008m1
2008m5
2008m9
2009m1
2009m5
2009m9
2010m1
2010m5
2010m9
2011m1
2011m5
2011m9
2012m1
2012m5
Note: Index, values above 50 indicating expansion. Note: Normalised at period average and presented in units of standard
deviation. Values above zero signify levels of consumer confidence above the
Source: Markit Economics Limited. period average.
Source: OECD Main Economic Indicators.
8
9. Employment has yet to rebound strongly,
especially in the euro area
Employment rate Unemployment rate
Per cent of working age population Per cent
Labour market conditions
73 12
71 10
69 8
67 6
65
4
63 United States United States
2 Euro area
Euro area
61
Japan 0 Japan
59
2008q4
2010q1
2008q1
2008q2
2008q3
2009q1
2009q2
2009q3
2009q4
2010q2
2010q3
2010q4
2011q1
2011q2
2011q3
2011q4
2012q1
2012q2
2012q3
2012q4
2011q1
2008q1
2008q2
2008q3
2008q4
2009q1
2009q2
2009q3
2009q4
2010q1
2010q2
2010q3
2010q4
2011q2
2011q3
2011q4
2012q1
2012q2
2012q3
2012q4
Source: OECD Main Economic Indicators. Source: OECD Main Economic Indicators.
9
10. Inflation is low
Consumer prices
12-month percentage change
3 United States Euro area 3
2 2
1 1
0 0
-1 -1
Headline¹ Core² Headline¹ Core²
Inflation
-2 -2
3 3
Japan Note:
1. Headline is Headline CPI for the
2 2
United States and Japan, and
1 Headline¹ Core² 1 Headline HICP for the euro area.
2. Core is CPI excluding food and
0 0 energy for the United States and
Japan, HICP excluding energy, food,
-1 -1 alcohol and tobacco for the euro
area.
-2 -2 Source: OECD Main Economic Indicators.
10
11. Policy action is needed to ensure
a self-sustaining recovery
• Demand in many countries still faces headwinds.
• Given limited fiscal space, monetary policy remains a key
Policy recommendations
instrument for supporting demand.
• Low inflation gives room for monetary policy action.
• Fiscal consolidation remains necessary in most OECD countries.
• Stronger, more sustainable and fairer growth can be achieved
through structural reform.
11
12. The United States
• Consumption and housing have picked up, but policy rates should
Recommendations: United States
stay low until labour market conditions improve sufficiently and
as long as inflation expectations remain well anchored.
• The point where the costs of further quantitative easing (QE)
outweigh the benefits may be within sight, but skilful judgement
will be required to gauge the speed at which asset purchases can
be phased out.
• Fiscal policy should avoid disruptive outcomes in the near
term, while agreement is needed on a plan to reduce the deficit
over the medium term and address long-term cost pressures on
health care and pensions.
12
13. Japan
• The prospect of easier monetary policy has resulted in welcome
yen depreciation and surging equity prices. Implementation will
require more aggressive QE, with more asset purchases going to
Recommendations: Japan
long-term government and corporate bonds. An expansionary
stance should be maintained until inflation is durably around the
2% target.
• A credible plan to attain the government’s long-term fiscal targets
is needed. Controlling expenditures is key, particularly for social
security.
• Monetary, fiscal and structural policies must be applied in a
mutually reinforcing way to tackle the high level of public debt
while supporting growth.
13
14. The euro area
• Monetary policy should be eased, given weak demand and below-
target inflation. Policy rates are already low, but can be reduced
Recommendations: the euro area
further, and more specific forward guidance could be given.
• The euro area remains vulnerable to feedback loops between
banking system fragility and public debt burdens. Rapid progress
must be made on the construction of a fully fledged banking
union.
• The Cypriot case, while exceptional, shows the importance of
addressing banking crises directly while creating the right
institutions at the euro area level to maintain banking system
stability.
• Existing commitments to structural budgetary consolidation should
be met, while allowing automatic stabilisers to operate fully. This
implies that nominal deficit targets are likely to be missed.
14
15. The cost of credit still varies widely
in the euro area
Bank loan rates for non-financial corporations
Per cent
7.5
Euro area credit costs
6.5
5.5
4.5
3.5
France Germany
2.5 Greece Ireland
Italy Portugal
1.5 Spain
Note: Cost of credit is defined as the interest rate on new loans to non-financial corporations (all maturities) with the exception of
Greece, where it refers to new loans with a maturity of up to one year.
Source: European Central Bank.
15
16. The level and rise of public debt in the
euro area as a whole are not out of line
with other major economies
Euro area government debt to GDP
General government debt to GDP
Per cent
240 180
220
160
200
140 United States (right scale)
180
160 120 Euro area (right scale)
140
100
120 Japan (left scale)
100 80
80 United Kingdom (right
60 scale)
60
40
40
20 20
Note: For the euro area, Japan, and United Kingdom, the values from 2012 Q1 onwards are calculated using
OECD estimates of gross debt and the actual value of GDP according to national accounts statistics.
Source: OECD National Accounts database and OECD calculations.
16
17. Euro area rebalancing
• The underlying rebalancing of the economy is underway,
although the process still has some way to go.
• Considerable progress has been made on reducing structural
Euro area rebalancing
budget deficits, and in most countries the largest part of the
fiscal adjustment required after the crisis has already been
undertaken.
• Structural reforms, notably in Greece, Ireland, Italy, Portugal
and Spain, provide a solid base for a recovery in
competitiveness and an increase in employment when demand
turns around.
• The short-term costs of these adjustments would be reduced by
an improved supply of credit in debtor countries and structural
reforms to rebalance activity and demand in surplus economies.
17
18. Competitiveness adjustments in the euro
area are underway
Unit labour cost
Index, 1999 = 100
150
Euro area unit labour costs
Core countries 1
140 Programme countries 1
France
130
Italy
120 Spain
110
100
90
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Note: 1. Core countries are here defined as Germany, the Netherlands, Austria and Finland. Programme countries are Greece, Ireland
and Portugal. 2. Economy-wide unit labour costs. 2012 incorporates estimates in Economic Outlook 92. Country groupings constructed
as a chain-linked aggregates using nominal GDP weights.
Source: OECD Quarterly National Accounts database and Economic Outlook 92 database.
18
19. Lower periphery imports have been the
main adjustment factor so far
Euro area current account adjustment
Index, 2008=100
Core 1 Periphery 2 Index, 2008=100
120 Import volumes 120
Import volumes
115 115
110 110
Export volumes Export volumes
105 105
100 100
95 95
90 90
85 85
80 80
2008 2009 2010 2011 2012 2008 2009 2010 2011 2012
Current Account Balance Note:
8 Per cent of GDP 1. The core is here taken as comprising
6 Austria, Finland, Germany and the
4 Netherlands.
2 2. The periphery is here defined as
0 Greece, Italy, Ireland, Portugal and Spain.
-2 3. Current account balance is the sum of
-4 current account balances as a percentage
-6 of the combined GDP across the
-8 Core Periphery countries.
-10
Source: OECD National Accounts
2008q2
2008q3
2008q1
2008q4
2009q1
2009q2
2009q3
2009q4
2010q1
2010q2
2010q3
2010q4
2011q1
2011q2
2011q3
2011q4
2012q1
2012q2
2012q3
2012q4 database, Economic Outlook 92 database and
OECD calculations.
19
20. What is the near-term
global economic outlook?
An interim assessment
Paris, 28th March 2013
11h00 Paris time
Pier Carlo Padoan
OECD Deputy Secretary-General and Chief Economist
20