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Growth



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Egypt economic growth may near 5 pct in 2009/10

CAIRO, July 5 - Egypt's target for economic growth in the 2009/10 fiscal year would remain 4.5 percent, but could approach 5 percent, the country's finance minister said on Sunday . Youssef Boutros-Ghali said he expected a budget deficit of 8.5 pe ...

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Egypt economic growth 4.7 pct Q3 2008/09-MENA

CAIRO, July 4 - Egypt's economy grew around an annualised 4.7 percent in the third quarter of the 2008/2009 fiscal year, state news agency MENA reported on Saturday, citing a finance ministry report . The figure compared with 4.2 percent in the s ...

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What You Can Do During a Slow Growth Recovery

James Kar submits: I have been writing about a double-dip recession or a W-shaped recovery. Friday's unemployment figure may support my thesis. A W-shaped recovery basically shows the way of economic recovery. The first leg of the recovery is not sustainable and may fall back to a recession. Then a "real" sustainable economic growth comes on the second leg. But that growth is due to genuine...

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wall street falls as economic growth less than expected

new york stocks retreated on wall street thursday after us economic growth was less than analysts had predictedthe us economy grew at 19 per cent in the second quarter of 2008 the government said thursday shaking off an ongoing credit and housing crisis that had some predicting a recession in the first half of the yearthe gross domestic product gdp figure was up from a revised 09 per cent in the first...

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Bankers expect budget measures to enhance industry growth

Given that infrastructure is a key-component to support the economic growth, the govt is widely expected to announce measures to facilitate more investment in the sector.

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Malawi growth seen slower at 7.9

Malawi's economic growth is expected to slow to 7.9 percent in real terms in 2009, while inflation should average 9.7 percent, Finance Minister Ken Kandodo said on Friday. Malawi has said it has not been overly affected by a global slowdown, but that the downturn could still hit tobacco and other key exports in the medium term. "Malawi's economy is projected to grow in real terms by 7.9 percent....

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G8 shifts focus from food aid to farming

US, Japan, Europe and Canada connect food security closely with economic growth and social progress as well as political stability in major scheme against global hunger

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Rising Indonesia Set to Vote

Indonesia's president has brought state spending under control and launched a popular anticorruption drive, but critics say he will have to do more if the nation is to reach its potential of China-style economic growth rates.

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The answer to climate change...

...is according to Tony Blair "...the development of science and technology. Yes, we will get changes in the way we consume but we will be consuming differently, not necessarily less. People are not going to return to the 19th century. The critical thing is to use the technologies we have and to incentivise the development of new ones. That is the only practical way we will make this thing work.”...

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When Individualists Go Collectivist

Thanks to DK for pointing me in the direction of one of the most intelligent and articulate blog posts that I've read in a long time. The stand-out paragraph for me in a generally excellent piece was this: Individualism, contrary to what Bunting seems to present here, is neither fragmentary nor dependent on consumerism. She is right in presenting it as a struggle for ‘experience, self-expression,...

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India's budget rivals monsoon for expectations

Hopes are high that the new government – barely two months into the job – will usher in a new era of fast-paced economic reforms to spur economic growth in Asia's third largest economy

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George Zeller

Occasionally , Cleveland-area Economist George Zeller will be the go-to-guy for the Ohio MSM for quotes regarding unemployment, poverty, and the economy. And yesterday, Laura Bischoff quoted him as an expert, and Zeller insisted on making a highly normative statement regarding tax cuts: Unemployment claims are coming fast and furious. New claims were 171 percent higher during the third week of June...

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Zimbabwe: Government has begun consultations on a new ICT Bill to replace broadcasting, telecoms and privacy legislation

[The Herald] Government has started consultations on the Information Communication and Technology Bill which will repeal the Broadcasting Services Act, Postal and Telecomunications Act and amend some sections of the Access to Information and Protection of Privacy Act. The Bill seeks to establish a single authority that would regulate the information and communication technology sector. Addressing stakeholders...

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Kenya: The regulator has reduced the number of idle frequencies for which it is proposing to reclaim the licences

[Business Daily] The Communications Commission has narrowed its list of idle frequencies to 35 down from the 150 it had threatened to cancel two weeks ago. It also appeared to soften its stand on a June 30 deadline, announcing on Wednesday that it was talking to the licensees-- 15 of whom got their licences this year while 20 received them last year-- to determine why they were not making use of the...

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Density Matters

Jane Jacobs and Robert Lucas long ago argued that the clustering and density of talented people is a key driver of innovation and economic growth. A new study, “Productivity and the Density of Human Capital,” by Jaison Abel of the NY Fed, Ishita Dey of the University at Buffalo, and Todd M. Gabe of the [...]