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3Vote!

India to return to 9% growth; US will bounce back too: PM

India's economic growth fell sharply to 6.7% in 2008-09 after three years of over 9% expansion, largely on collapse in investments and fall in exports.

6Vote!

OECD raises growth forecast

The OECD has raised its economic growth forecast for its members. From Bloomberg on Thursday: The Organization for Economic Cooperation and Development doubled its growth forecast for the leading developed economies next year and predicted a further acceleration in 2011 as China powers a global recovery. The economy of the group’s 30 member countries will expand 1.9 percent next year and 2.5...

3Vote!

Rangarajan: economic growth may touch 8 per cent next year

HYDERABAD: C. Rangarajan, chairman of Economic Advisory Council to the Prime Minister, said he expected the Indian economy to pick up next year at the back of a significant growth rate in industrial sector in the second half of this year. ...

3Vote!

Suncor Energy: Positioned to Benefit from Worldwide Economic Growth

International Energy Agency (IEA) executive director Nobuo Tanaka noted that “world leaders gathering in Copenhagen next month for the UN Climate Summit have a historic opportunity to avert the worst effects of climate change” in a statement released following the publication of the 2009 World Energy Outlook. This analysis also concluded that, if more efficient methods of production can...

3Vote!

What's wrong with continued economic growth?

In response to an environmental press release, urging developed nations to just be less wealthy in the future, Warren Meyer of Coyote Blog has an excellent response. Assuming that such thinking is not just a crass excuse for totalitarian control, it represents an enormous failure of imagination. The author cannot imagine what benefits increased wealth would provide, so he assumes those benefits to...

3Vote!

Obama predicts renewed US growth in fourth quarter

President Barack Obama predicted the United States economy would grow again in the final quarter of 2009, pulling further out of a long and crippling recession. "We have seen economic growth. We anticipate economic growth next quarter as well," Obama said in an interview with Fox News from China. In percentage terms, the US economy grew at a seasonally adjusted 3.5 percent annual rate in...

3Vote!

Agency: Economic growth to top 9% in 2010

BEIJING: China's economy is expected to grow by 9 percent next year on robust property and automobile sectors, chairman of CCXI, a China-based credit rating agency said Tuesday. Mao Zhenhua, the chairman, also forecast the country's GDP growth this year would expand by as much as 8.8 percent. He added China's economic growth for the next ten years would slightly fall from the peak in 2010 to around...

3Vote!

C.O.R.E Jobs Act targets state's economic strengths

A package of economic growth ideas proposed by Senate Democrats expands current tax credits and grant programs and adds new initiatives to spur business development and retention as well as worker training. The Wisconsin C.O.R.E. Jobs Act, (C.O.R.E. stands for Connecting Opportunity, Research, and Entrepreneurship) was introduced by State Senator Julie Lassa (D-Stevens Point) and Senator Pat Kreitlow...

7Vote!

Democrats' recipe for a weak recovery

Jeb Hensarling and Paul Ryan: One of the strongest factors promoting recovery from our 10 post-World War II recessions was an unshakable conviction that, regardless of the immediate trouble, the American economy is fundamentally strong. Based on this underlying confidence, recessions and recoveries roughly conformed to the principle of the bigger the bust, the bigger the boom, and vice versa. Thus...

3Vote!

Banks should lend more, curb 'undue' bonuses: ECB

Banks should step up their lending to support economic growth while taking steps to curb "undue" bonuses, European Central Bank head Jean-Claude Trichet said Friday. "Profits earned should be used -- as priority -- to build capital and reserves, rather than to be paid out as dividends or undue compensation," Trichet told a banking conference here. He maintained that to weather...

3Vote!

Is Reaganomics Enough?

Ryan and Hensarling's essay in today's WSJ has a few interesting facts. Exhibit A is the economic stimulus package signed into law by President Barack Obama in February. Even among previous stimulus efforts, the 2009 stimulus stands out for its ineffective targeting and sheer size. With interest, it is $1.1 trillion, double the size of Roosevelt's New Deal spending as a percentage of GDP . That was...

3Vote!

Africa Needs $31 Billion Annually to Transform Her Infrastructure

A study recently conducted in 24 African countries shows that the poor state of infrastructure in Sub Saharan Africa - its electricity, water, roads, and information and communications technology (ICT) - cuts national economic growth by 2 percentage points every year and reduces business productivity by as much as 40 percent.

5Vote!

20 Nov 2009 Articles & Interesting Finds/Posts

italic;"> A Look at Climate From Anthony Watts (Watts Up With That? italic;"> Today's Articles Media Sources Use the following portals/Blogs to see the major news articles not listed here. Climate Ark Carbon-Based Climate Change Fraud Greenie Watch Planet Gore/Newsbusters Tom Nelson Blog Solve Climate Climate Depot Gore Lied Grist Results From Today's Google Alert The Road to Copenhagen...

3Vote!

Japan: Deflation Is Roaring Again, A Double-Dip Back On The Table

Honestly, we're not sure how an economy that's been in a near-constant deflationary slide since the early 90s can ever have a double-dip recession. Octuple-dip sounds more like it. But, Japanese leaders are out with a fresh warning that deflation is still causing new problems, and that despite some recent good economic growth (though we flagged it for being deflationary, mainly) a backslide is still...

3Vote!

Indian economic counterfactual

This article draws attention to a thesis put forward by Swaminathan Aiyar, a right-wing economist, that Indian economic growth would have been far more rapid and had human development benefits if it had moved to "liberalise" its economy earlier. Counterfactuals are always difficult to prove or disprove, but I would point out that the economic growth enjoyed by South Korea and Taiwan since...