The data published last week by EUROSTAT confirmed that the annual inflation rate in the euro area was above the ECB's target in July (2.1% v. 2%) for the first time since December 2012.
The Bord Gáis Energy Index increased 4% in November due to rises in both oil and gas prices. A weakening euro exacerbated commodity price increases. Michael Kelleher of Bord Gáis Energy commented that the euro's weakness against the dollar drove up euro prices of commodities, though demand was dampened by economic concerns. Oil prices were supported by Middle East tensions despite expectations of lower 2012 prices. Natural gas prices fluctuated but ended up 6% with mild weather and increased Norwegian imports. Coal prices fell 1% on reduced demand. Electricity prices rose 3% due to an interconnector outage requiring more expensive domestic generation.
Consumer prices in the US rose 1.4% in January compared to a year ago, showing signs of accelerating inflation. While rising costs for housing and healthcare were offset by lower oil prices, core inflation excluding food and energy rose 0.3% for the month and 2.2% over the last year. The Federal Reserve is monitoring inflation closely as it aims for a target of 2% annual inflation. While lower gas prices and a strong dollar have kept inflation down, housing costs continue to rise steadily. The report suggests inflation may be picking up gradually in line with the Fed's goals.
The federal budget for Fiscal Year 2013 saw funding cuts to environmental research and development across all major agencies due to political disagreements over spending levels. Total federal spending on environmental R&D was estimated to be $8.135 billion, an 8.3% decrease from the previous year. The largest cuts occurred at the Department of Energy, NASA, and the National Science Foundation, which collectively provide about two-thirds of federal funding for environmental R&D. All federal agencies saw declines in their budgets for environmental research.
All Major US Inflation Indicators Fall Below Fed Targets in MayEd Dolan
The document summarizes US inflation data from May 2012. It discusses that the headline CPI fell 0.3% in May, representing the sharpest annual decrease since 2008. Core inflation, which excludes food and energy prices, slowed sharply due to a over 4% monthly drop in energy prices and 6% decline in gasoline prices. The trimmed mean CPI, which removes the most and least increased prices, also fell sharply in May. All of the inflation measures discussed were below the Fed's 2% target rate for prudent monetary policy.
Douglas Elmendorf, Director of the Congressional Budget Office, gave a press briefing on February 4, 2014 about the CBO's projections for the budget and economy from 2014 to 2024. The CBO projected that total federal deficits will decline over the next few years but will rise again after 2018, federal debt held by the public will increase substantially over the projection period, and real GDP, unemployment rates, and labor force participation rates will improve gradually over the next 10 years.
Energy prices have fallen significantly over the past year due to slowing economic growth and mild weather. Wholesale gas prices are down 15% and electricity prices have fallen to a two-year low, down 22% from last year. Lower energy costs have provided temporary relief for the British economy. However, demand for gas from households and small businesses has risen due to unseasonably cold and stormy weather in the UK, indicating continued economic struggles for these sectors. Future price movements will depend on resolutions to the Eurozone debt crisis and economic conditions in the US and China.
Tough economic conditions and poor summer weather have led to declines in wholesale power and energy prices. Annual gas costs are down 15% and power costs have fallen 22% year-over-year. Concerns over debt in Eurozone countries and slowing growth in the US and China have pushed down global energy markets, with crude oil and coal at multi-year lows. However, lower energy costs have provided a temporary respite for the British economy. While generation demand is down, household and business usage has risen due to unusually cold weather, suggesting that domestic energy consumption is indicating continued productivity despite economic challenges. Future price movements will depend on resolutions to the Eurozone crisis and the financial stability of the US and China economies.
The Bord Gáis Energy Index increased 4% in November due to rises in both oil and gas prices. A weakening euro exacerbated commodity price increases. Michael Kelleher of Bord Gáis Energy commented that the euro's weakness against the dollar drove up euro prices of commodities, though demand was dampened by economic concerns. Oil prices were supported by Middle East tensions despite expectations of lower 2012 prices. Natural gas prices fluctuated but ended up 6% with mild weather and increased Norwegian imports. Coal prices fell 1% on reduced demand. Electricity prices rose 3% due to an interconnector outage requiring more expensive domestic generation.
Consumer prices in the US rose 1.4% in January compared to a year ago, showing signs of accelerating inflation. While rising costs for housing and healthcare were offset by lower oil prices, core inflation excluding food and energy rose 0.3% for the month and 2.2% over the last year. The Federal Reserve is monitoring inflation closely as it aims for a target of 2% annual inflation. While lower gas prices and a strong dollar have kept inflation down, housing costs continue to rise steadily. The report suggests inflation may be picking up gradually in line with the Fed's goals.
The federal budget for Fiscal Year 2013 saw funding cuts to environmental research and development across all major agencies due to political disagreements over spending levels. Total federal spending on environmental R&D was estimated to be $8.135 billion, an 8.3% decrease from the previous year. The largest cuts occurred at the Department of Energy, NASA, and the National Science Foundation, which collectively provide about two-thirds of federal funding for environmental R&D. All federal agencies saw declines in their budgets for environmental research.
All Major US Inflation Indicators Fall Below Fed Targets in MayEd Dolan
The document summarizes US inflation data from May 2012. It discusses that the headline CPI fell 0.3% in May, representing the sharpest annual decrease since 2008. Core inflation, which excludes food and energy prices, slowed sharply due to a over 4% monthly drop in energy prices and 6% decline in gasoline prices. The trimmed mean CPI, which removes the most and least increased prices, also fell sharply in May. All of the inflation measures discussed were below the Fed's 2% target rate for prudent monetary policy.
Douglas Elmendorf, Director of the Congressional Budget Office, gave a press briefing on February 4, 2014 about the CBO's projections for the budget and economy from 2014 to 2024. The CBO projected that total federal deficits will decline over the next few years but will rise again after 2018, federal debt held by the public will increase substantially over the projection period, and real GDP, unemployment rates, and labor force participation rates will improve gradually over the next 10 years.
Energy prices have fallen significantly over the past year due to slowing economic growth and mild weather. Wholesale gas prices are down 15% and electricity prices have fallen to a two-year low, down 22% from last year. Lower energy costs have provided temporary relief for the British economy. However, demand for gas from households and small businesses has risen due to unseasonably cold and stormy weather in the UK, indicating continued economic struggles for these sectors. Future price movements will depend on resolutions to the Eurozone debt crisis and economic conditions in the US and China.
Tough economic conditions and poor summer weather have led to declines in wholesale power and energy prices. Annual gas costs are down 15% and power costs have fallen 22% year-over-year. Concerns over debt in Eurozone countries and slowing growth in the US and China have pushed down global energy markets, with crude oil and coal at multi-year lows. However, lower energy costs have provided a temporary respite for the British economy. While generation demand is down, household and business usage has risen due to unusually cold weather, suggesting that domestic energy consumption is indicating continued productivity despite economic challenges. Future price movements will depend on resolutions to the Eurozone crisis and the financial stability of the US and China economies.
Gasoline Pushes US Inflation Higher in AugustEd Dolan
The document summarizes inflation data from the August 2012 Consumer Price Index report. It notes that while headline inflation spiked to 7.44% due to a rise in gasoline prices, core inflation fell to 0.6%. The trimmed mean inflation rate also remained low at 2%. The document discusses how economists look at various inflation measures and the Federal Reserve's 2% inflation target when making monetary policy decisions like quantitative easing.
RocSearch's take on Fed Rate Hike, July 2016 anusri sahu
The US Fed acknowledged reduced risks and improved labour market, but no hikes yet. But the US economic conditions overall are stable enough to anticipate a single rate hike either in September or December meeting
1) Regulators must provide clarity on new banking rules urgently to avoid prolonged uncertainty that could hamper economic recovery.
2) The Planning Commission has recommended a uniform gas price for power and fertilizer sectors, contrary to another recommendation for different rates.
3) The Indian government plans to allocate more state funds to Rural Regional Banks to boost their business.
Tough economic forces and poor summer weather have put pressure on the wholesale energy supply market. Energy prices have fallen substantially over the past year, with annual gas costs down 15% and electricity costs down 22% compared to the same period last year. Lower global demand from slowing economies in Europe, the US and China has pushed down oil and coal prices. While consumers have benefited from lower energy bills, unseasonably cold and stormy weather in the UK has led to increased gas usage by households and small businesses. The future direction of energy prices will depend on developments in the Eurozone crisis and economic performance of the US and China.
Tough economic conditions and poor summer weather have led to declines in wholesale power prices. Annual gas and energy costs are down 15-22% from last year, while falling fuel costs have decreased spark spreads by 7% and dark spreads by a smaller amount. Lower economic growth in the US and China has reduced demand and driven down Brent crude oil and coal prices. While the poor weather has meant lower than expected summer demand for power generation, household and business gas usage is up significantly, indicating continued economic activity at the consumer level. Future price movements will depend on resolutions to the Eurozone crisis and economic conditions in the US and China.
Tough economic conditions and poor summer weather have led to declines in wholesale energy prices. Gas and electricity prices fell to new lows in June and are significantly lower than a year ago. Falling power prices have reduced spark spreads by 7% and dark spreads by a smaller amount. Weak economic growth in Europe, the US and China have pushed down international energy markets and commodity prices like oil and coal. Lower energy prices have benefited consumers but poor weather has increased gas demand from households and small businesses in the UK. Future price movements will depend on developments in the Eurozone crisis and economic performance of the US and China.
US CPI Inflation Remains Near Zero as Sequester LoomsEd Dolan
The document summarizes a blog post about US inflation rates in November 2012. It discusses that the overall CPI fell 3.7% annually due to lower energy prices. The core inflation rate, which excludes food and energy, fell to 1.33% annually. The trimmed mean CPI, which excludes outliers, slowed to 1.64% annually. All measures of inflation were below the Fed's 2% target rate. Inflation expectations also remained below the Fed's targets.
Lower energy prices over the past year have been driven by slowing economic growth in the US and China as well as concerns over debt in Eurozone countries like Greece. While poor weather in the UK has increased gas demand from households and businesses, overall demand for power generation is down, indicating challenges for large energy users but resilience among domestic and commercial consumers in weathering economic difficulties. The future direction of prices will depend on developments in the Eurozone crisis and economic performance of the US and China.
Tough economic conditions and poor weather in the UK have led to declines in wholesale energy prices. Gas and electricity prices fell by 15-22% year-over-year in mid-June due to low global energy demand from slowing economies in Europe, the US and China. Unseasonably cold and stormy weather in the UK increased gas demand from households and small businesses, offsetting declines in industrial use and highlighting the economy's continued reliance on energy consumption. Future price movements will depend on resolutions to the Eurozone debt crisis and economic performance in the US and China.
The document summarizes recent trends in the wholesale power supply market in the UK. Prices for annual gas, energy, and spark spreads fell significantly from the previous year, driven down by concerns over debt in Eurozone countries and slowing economic growth in the US and China. However, lower energy prices have benefited consumers, with falling prices at petrol pumps and in electricity and gas bills providing some relief for the British economy. Biomass prices have held steady and increased over the past few months. Unusually cold and stormy weather in June drove up gas demand in the UK, with household and small business usage rising while demand from large consumers fell. Future energy prices will depend on developments in the Eurozone crisis and economic conditions in the
Wholesale power and energy prices have fallen significantly in the past year due to slowing economic growth and mild weather. Gas and electricity prices are down 15-22% year-over-year, while coal prices have also dropped. Lower international energy prices have provided a temporary boost to the British economy by reducing costs for domestic and commercial consumers. However, unusually cold and stormy weather in June drove up gas demand from households and small businesses in the UK. Future price movements will depend on developments in the Eurozone crisis and economic performance in the US and China.
U.S. Inflation Indicators Come in Below Target as the Global Economy Begins t...Ed Dolan
The document summarizes US inflation data for December 2012. It reports that the headline CPI showed little change, core inflation slowed slightly to 1.8%, and trimmed mean inflation remained moderate at 1.5%. All three major inflation indicators remained below the Fed's implicit 2% inflation target for December. The document also notes that economists look at core and trimmed mean inflation to judge underlying trends, and that longer-term year-over-year inflation rates are beginning to fall again.
Falling power costs in the UK were driven by slowing economic growth in the US and China, which lowered international energy market prices. Wholesale gas and electricity prices declined significantly year-over-year in June. Despite lower prices benefiting consumers, the poor summer weather in the UK increased gas demand from households and small businesses, offsetting reduced demand from large industrial users. The biomass market was an exception, with contract prices up slightly from a year ago. Future price movements will depend on developments in the Eurozone crisis and economic performance of the US and China.
Tough economic forces and poor summer weather have driven down wholesale power prices. Annual gas and electricity costs are 15-22% lower than last year due to falling demand from large industrial consumers. However, unusually cold and stormy weather in the UK has increased residential gas demand. While overall gas usage is down, household and small business consumption is up, indicating the economy is holding up better at the consumer level. Future price movements will depend on resolutions to the Eurozone crisis and economic conditions in the US and China.
Bad weather in the UK and slowing economic growth in major markets like the US and China have pushed down wholesale power and energy prices over the past year. Lower prices for natural gas, coal, and crude oil have resulted in annual gas prices being 15% lower and power costs reaching two-year lows. However, increased gas demand from households and small businesses due to unusually cold and stormy weather in the UK has partially offset lower industrial usage. Overall, lower energy costs have provided some economic relief for British consumers and businesses. Future price movements will depend on developments in the Eurozone crisis and economic performance of the US and China.
Krisjanis Karins, a member of the European Parliament, presented on security of supply and geopolitics at the Energy Union Conference in Riga. The presentation included data from the European Commission on the EU-28's gross inland energy consumption in 2012, the share of imports in total inland energy consumption in 2012, and imports of crude oil and natural gas by country of origin in 2012. Karins concluded by thanking the audience for their attention and providing his contact information.
Tough economic conditions and poor weather have impacted the wholesale energy supply market, driving prices lower. Annual gas and electricity prices are down 15-22% from last year due to concerns over debt in Eurozone countries and slowing growth in the US and China. While consumers benefit from lower energy costs, boosting the economy, the unusual cold and wet weather in the UK has driven up gas demand from households and small businesses. Future price movements will depend on developments in the Eurozone crisis and economic performance of the US and China.
Published by DESA’s Development Policy and Analysis Division, the September issue of the Monthly Briefing on the World Economic Situation and Prospects covers recent events affecting the world economy such as the connection between slowing growth in Europe and weaker exports from Asia. The recessionary environment in Europe is reducing growth prospects for some developing economies as it weakens demand for those economies’ exports. This has been felt most strongly in East and South Asia, where exports to the EU are down by 7.2 per cent year on year, and Western Asia (including Iran) where exports are down 18 per cent.
For more information: http://www.un.org/en/development/desa/policy/index.shtml
Economic environment, fundamentals and challengesNikola Mitic
Zoran Petrovic, Deputy Chairman of the Managing Board, Raiffeisen banka a.d.
He is currently responsible for Treasury and Investment Banking, Asset Management
and Leasing.
Gasoline Pushes US Inflation Higher in AugustEd Dolan
The document summarizes inflation data from the August 2012 Consumer Price Index report. It notes that while headline inflation spiked to 7.44% due to a rise in gasoline prices, core inflation fell to 0.6%. The trimmed mean inflation rate also remained low at 2%. The document discusses how economists look at various inflation measures and the Federal Reserve's 2% inflation target when making monetary policy decisions like quantitative easing.
RocSearch's take on Fed Rate Hike, July 2016 anusri sahu
The US Fed acknowledged reduced risks and improved labour market, but no hikes yet. But the US economic conditions overall are stable enough to anticipate a single rate hike either in September or December meeting
1) Regulators must provide clarity on new banking rules urgently to avoid prolonged uncertainty that could hamper economic recovery.
2) The Planning Commission has recommended a uniform gas price for power and fertilizer sectors, contrary to another recommendation for different rates.
3) The Indian government plans to allocate more state funds to Rural Regional Banks to boost their business.
Tough economic forces and poor summer weather have put pressure on the wholesale energy supply market. Energy prices have fallen substantially over the past year, with annual gas costs down 15% and electricity costs down 22% compared to the same period last year. Lower global demand from slowing economies in Europe, the US and China has pushed down oil and coal prices. While consumers have benefited from lower energy bills, unseasonably cold and stormy weather in the UK has led to increased gas usage by households and small businesses. The future direction of energy prices will depend on developments in the Eurozone crisis and economic performance of the US and China.
Tough economic conditions and poor summer weather have led to declines in wholesale power prices. Annual gas and energy costs are down 15-22% from last year, while falling fuel costs have decreased spark spreads by 7% and dark spreads by a smaller amount. Lower economic growth in the US and China has reduced demand and driven down Brent crude oil and coal prices. While the poor weather has meant lower than expected summer demand for power generation, household and business gas usage is up significantly, indicating continued economic activity at the consumer level. Future price movements will depend on resolutions to the Eurozone crisis and economic conditions in the US and China.
Tough economic conditions and poor summer weather have led to declines in wholesale energy prices. Gas and electricity prices fell to new lows in June and are significantly lower than a year ago. Falling power prices have reduced spark spreads by 7% and dark spreads by a smaller amount. Weak economic growth in Europe, the US and China have pushed down international energy markets and commodity prices like oil and coal. Lower energy prices have benefited consumers but poor weather has increased gas demand from households and small businesses in the UK. Future price movements will depend on developments in the Eurozone crisis and economic performance of the US and China.
US CPI Inflation Remains Near Zero as Sequester LoomsEd Dolan
The document summarizes a blog post about US inflation rates in November 2012. It discusses that the overall CPI fell 3.7% annually due to lower energy prices. The core inflation rate, which excludes food and energy, fell to 1.33% annually. The trimmed mean CPI, which excludes outliers, slowed to 1.64% annually. All measures of inflation were below the Fed's 2% target rate. Inflation expectations also remained below the Fed's targets.
Lower energy prices over the past year have been driven by slowing economic growth in the US and China as well as concerns over debt in Eurozone countries like Greece. While poor weather in the UK has increased gas demand from households and businesses, overall demand for power generation is down, indicating challenges for large energy users but resilience among domestic and commercial consumers in weathering economic difficulties. The future direction of prices will depend on developments in the Eurozone crisis and economic performance of the US and China.
Tough economic conditions and poor weather in the UK have led to declines in wholesale energy prices. Gas and electricity prices fell by 15-22% year-over-year in mid-June due to low global energy demand from slowing economies in Europe, the US and China. Unseasonably cold and stormy weather in the UK increased gas demand from households and small businesses, offsetting declines in industrial use and highlighting the economy's continued reliance on energy consumption. Future price movements will depend on resolutions to the Eurozone debt crisis and economic performance in the US and China.
The document summarizes recent trends in the wholesale power supply market in the UK. Prices for annual gas, energy, and spark spreads fell significantly from the previous year, driven down by concerns over debt in Eurozone countries and slowing economic growth in the US and China. However, lower energy prices have benefited consumers, with falling prices at petrol pumps and in electricity and gas bills providing some relief for the British economy. Biomass prices have held steady and increased over the past few months. Unusually cold and stormy weather in June drove up gas demand in the UK, with household and small business usage rising while demand from large consumers fell. Future energy prices will depend on developments in the Eurozone crisis and economic conditions in the
Wholesale power and energy prices have fallen significantly in the past year due to slowing economic growth and mild weather. Gas and electricity prices are down 15-22% year-over-year, while coal prices have also dropped. Lower international energy prices have provided a temporary boost to the British economy by reducing costs for domestic and commercial consumers. However, unusually cold and stormy weather in June drove up gas demand from households and small businesses in the UK. Future price movements will depend on developments in the Eurozone crisis and economic performance in the US and China.
U.S. Inflation Indicators Come in Below Target as the Global Economy Begins t...Ed Dolan
The document summarizes US inflation data for December 2012. It reports that the headline CPI showed little change, core inflation slowed slightly to 1.8%, and trimmed mean inflation remained moderate at 1.5%. All three major inflation indicators remained below the Fed's implicit 2% inflation target for December. The document also notes that economists look at core and trimmed mean inflation to judge underlying trends, and that longer-term year-over-year inflation rates are beginning to fall again.
Falling power costs in the UK were driven by slowing economic growth in the US and China, which lowered international energy market prices. Wholesale gas and electricity prices declined significantly year-over-year in June. Despite lower prices benefiting consumers, the poor summer weather in the UK increased gas demand from households and small businesses, offsetting reduced demand from large industrial users. The biomass market was an exception, with contract prices up slightly from a year ago. Future price movements will depend on developments in the Eurozone crisis and economic performance of the US and China.
Tough economic forces and poor summer weather have driven down wholesale power prices. Annual gas and electricity costs are 15-22% lower than last year due to falling demand from large industrial consumers. However, unusually cold and stormy weather in the UK has increased residential gas demand. While overall gas usage is down, household and small business consumption is up, indicating the economy is holding up better at the consumer level. Future price movements will depend on resolutions to the Eurozone crisis and economic conditions in the US and China.
Bad weather in the UK and slowing economic growth in major markets like the US and China have pushed down wholesale power and energy prices over the past year. Lower prices for natural gas, coal, and crude oil have resulted in annual gas prices being 15% lower and power costs reaching two-year lows. However, increased gas demand from households and small businesses due to unusually cold and stormy weather in the UK has partially offset lower industrial usage. Overall, lower energy costs have provided some economic relief for British consumers and businesses. Future price movements will depend on developments in the Eurozone crisis and economic performance of the US and China.
Krisjanis Karins, a member of the European Parliament, presented on security of supply and geopolitics at the Energy Union Conference in Riga. The presentation included data from the European Commission on the EU-28's gross inland energy consumption in 2012, the share of imports in total inland energy consumption in 2012, and imports of crude oil and natural gas by country of origin in 2012. Karins concluded by thanking the audience for their attention and providing his contact information.
Tough economic conditions and poor weather have impacted the wholesale energy supply market, driving prices lower. Annual gas and electricity prices are down 15-22% from last year due to concerns over debt in Eurozone countries and slowing growth in the US and China. While consumers benefit from lower energy costs, boosting the economy, the unusual cold and wet weather in the UK has driven up gas demand from households and small businesses. Future price movements will depend on developments in the Eurozone crisis and economic performance of the US and China.
Published by DESA’s Development Policy and Analysis Division, the September issue of the Monthly Briefing on the World Economic Situation and Prospects covers recent events affecting the world economy such as the connection between slowing growth in Europe and weaker exports from Asia. The recessionary environment in Europe is reducing growth prospects for some developing economies as it weakens demand for those economies’ exports. This has been felt most strongly in East and South Asia, where exports to the EU are down by 7.2 per cent year on year, and Western Asia (including Iran) where exports are down 18 per cent.
For more information: http://www.un.org/en/development/desa/policy/index.shtml
Economic environment, fundamentals and challengesNikola Mitic
Zoran Petrovic, Deputy Chairman of the Managing Board, Raiffeisen banka a.d.
He is currently responsible for Treasury and Investment Banking, Asset Management
and Leasing.
Показники інфляції в Євросоюзі та зоні євро в січні 2017 рокуtsnua
Annual inflation in the euro area increased to 1.8% in January 2017, up from 1.1% in December 2016. Inflation rates varied across member states, with the lowest in Ireland (0.2%) and the highest in Belgium (3.1%). The largest contributors to rising euro area inflation were fuels for transport and heating oil, while telecommunications and gas had downward impacts.
Bank deposits rose 1.2% month-on-month and 4.9% year-on-year in February as both businesses and households increased savings despite economic slowdown. Manufacturing output grew slightly by 0.7% month-on-month and 1.8% year-on-year in February, led by wood, metals, and furniture industries. Inflation rose to 0.4% in March due to both global commodity prices and domestic factors. Conditions are expected to be favorable for lending to improve following new housing loan rules and Eurosystem stimulus measures.
The global economic recovery will continue but will remain uneven, with ongoing challenges like high commodity prices, fiscal tightening, and weakened banking systems. The US recovery will rely on risky fiscal and monetary policies while the dollar pressure continues. The European recovery will be mixed in 2011 with divergence between countries. The sovereign debt crisis can be managed if political will exists both nationally and within the EU to find a convincing long-term solution, though intervention may still be needed in the short-term. Inflation will remain low in both the US and Europe in 2011-2012, and interest rates will rise gradually in Europe while remaining low overall. Government bond yields will remain volatile without a clear resolution to the European debt problems.
The document summarizes recent economic reports and statistics from the EU and Eurozone. It reports that real GDP growth in the EU and Eurozone is projected to be 1.8% and 1.7% respectively in 2010, an upward revision. Unemployment remained at 10% in the Eurozone. Industrial production was stable, while retail trade grew 0.1% in both areas. Hourly labor costs rose 1.6% in both as well. Other topics covered include foreign nationals in the EU, Ukraine seeking closer ties to the EU, and Turkey's strong economic growth outlook.
- Latvia's external trade retained moderate positive growth in the first nine months of 2014, despite political instability in neighboring countries and low external demand. Exports grew 2% while imports dropped 1.1%.
- The Latvian economy continued growing in the third quarter of 2014, with GDP up 2.2% year-on-year, driven by domestic consumption and a good tourism season boosting retail trade.
- Inflation dropped to 0.7% in October, slowed by falling fuel prices, though food prices remained impacted by Russian sanctions. Inflation is projected to be higher in 2015 due to electricity market liberalization.
In July 2012, Latvia saw consumer price inflation of 1.7% year-over-year, below the 2% target for the second straight month. Fuel prices declined in July according to government statistics, though they rose in the second half of the month. It is difficult to estimate the impact of a recent VAT rate cut due to typical seasonal food and clothing price declines. Inflation expectations among consumers and retailers have diminished in recent months. Annual inflation is projected to remain below 2% in the coming months, with a possible rise in the fourth quarter, though the forecast may be revised down given recent price trends.
Every business, big or small, deals with outgoing payments. Whether it’s to suppliers for inventory, to employees for salaries, or to vendors for services rendered, keeping track of these expenses is crucial. This is where payment vouchers come in – the unsung heroes of the accounting world.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
Discover the Future of Dogecoin with Our Comprehensive Guidance36 Crypto
Learn in-depth about Dogecoin's trajectory and stay informed with 36crypto's essential and up-to-date information about the crypto space.
Our presentation delves into Dogecoin's potential future, exploring whether it's destined to skyrocket to the moon or face a downward spiral. In addition, it highlights invaluable insights. Don't miss out on this opportunity to enhance your crypto understanding!
https://36crypto.com/the-future-of-dogecoin-how-high-can-this-cryptocurrency-reach/
Enhancing Asset Quality: Strategies for Financial Institutionsshruti1menon2
Ensuring robust asset quality is not just a mere aspect but a critical cornerstone for the stability and success of financial institutions worldwide. It serves as the bedrock upon which profitability is built and investor confidence is sustained. Therefore, in this presentation, we delve into a comprehensive exploration of strategies that can aid financial institutions in achieving and maintaining superior asset quality.
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck mari...Donc Test
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Independent Study - College of Wooster Research (2023-2024)
EUROZONE JULY INFLATION
1. EUROZONE INFLATION (YOY – JULY) : +2,1%
The data published last week by
EUROSTAT confirmed that the
annual inflation rate in the euro area
was above the ECB's target in July
(2.1% v. 2%) for the first time since
December 2012.
Source : Eurostat
2. EUROZONE INFLATION (YOY – JULY) : +2,1%
Inflation divergence between Member
States is at an historically low level: the
standard deviation between national
HICPs reached its lowest value in 11
years.
Source : Eurostat
3. EUROZONE INFLATION (YOY – JULY) : +2,1%
However, this acceleration of inflation
since a few months could be short-lived
as it has been pushed by volatiles
elements such as energy prices. The
core-inflation index (overall index
excluding energy, food, alcohol and
tobacco) has remained stable around
1% - well below the ECB’s inflation
target. The ECB is currently
forecasting an HICP at 1.7% in 2018
and a the long-term (five years ahead)
inflation rate at 1.9%
Source : Eurostat