Economy-International

15/09/14 – A moderate expansion is underway in most major advanced and emerging economies, but growth remains weak in the euro area, which runs the risk of prolonged stagnation if further steps are not taken to boost demand, according to the OECD’s latest Interim Economic Assessment.

(Reuters) – China’s economic growth picked up slightly in the second quarter as a burst of government stimulus paid dividends, but analysts said Beijing will likely need to offer more support to meet its annual growth target as the property market slows.

Fed could hike rate sooner than expected: YellenWashington: The Federal Reserve could raise its interest rate sooner than expected as the jobs market improves, Fed Chair Janet Yellen said Tuesday, adding the Fed was closely watching for risks.

TOKYO – Japan’s labor shortage is nearing crisis in some key industries as it spreads from construction to services, curbing companies’ operations, pushing up wages and potentially crimping a tentative recovery in the world’s third-largest economy. Airlines, retailers, truckers and restaurant chains are being forced to rethink expansion plans and, in extreme cases, shut up…

Project Syndicate — Christine Lagarde: “Women and the world economy” “The good news is that the international community has made progress on the reform agenda,” Lagarde said at a conference in central London.

MANILA, Philippines – The International Monetary Fund (IMF) cut its projection for world economic growth as global activity slowed in the first quarter.

PARIS – Growth in advanced economies slowed down slightly in 2013 from output in 2012, the OECD said on Wednesday. These latest statistics on OECD-member countries bear out the struggling and fragile nature of recovery from recession in many countries which analysts have been underlining for several months.

(Reuters) – Advanced economies, including the United States, must avoid pulling back stimulus too quickly given the weak global economic recovery and recent market volatility highlights key risks in some emerging markets, the International Monetary Fund said on Wednesday.

There was slightly stronger-than-expected growth in Germany and France in the final three months of last year, helping the eurozone’s recovery.

WASHINGTON—The International Monetary Fund said Tuesday that there was no panic in emerging markets even as countries like India, Turkey and Argentina were facing sharp capital outflows and currency pressures.

More overseas job opportunities await Filipinos this year especially in the sectors of tourism, healthcare, and construction, the Philippine Overseas Employment Administration (POEA) said.

Growth outlook sensitive to US taper in 2014 WASHINGTON, January 14, 2014 – The world economy is projected to strengthen this year, with growth picking up in developing countries and high-income economies appearing to be finally turning the corner five years after the global financial crisis, says the World Bank’s newly-released Global Economic Prospects (GEP)…

A revival in German manufacturing, driven by domestic demand and exports, is helping to put Europe’s recovery on a more sustainable footing.

The euro-zone economy AT LONG last the second leg of the euro area’s double-dip recession seems to have come to an end. In the second quarter of this year, the euro zone grew by 0.3%, or a 1.2% annual pace. That marked the first rise in output since the third quarter of 2011. Olli Rehn,…

America has changed the way it measures GDP ECONOMICS is a messy discipline: too fluid to be a science, too rigorous to be an art. Perhaps it is fitting that economists’ most-used metric, gross domestic product (GDP), is a tangle too. GDP measures the total value of output in an economic territory. Its apparent simplicity…

FRANKFURT, Germany (AP) – After a year and a half of recession, Europe’s battered economy could finally be showing signs of life.

Brussels 19 July 2013 (ITUC OnLine): International unions welcomed the statements from G20 Labour and Finance Ministers following their first joint meeting in Moscow but warned the crisis of unemployment and inequality has reached critical levels and requires an urgent action plan to drive investment and create jobs.

WASHINGTON – The International Monetary Fund on Tuesday cut its global economic growth forecast, citing new downside risks in key emerging-market economies and a deeper recession in the eurozone.

ENNISKILLEN, Northern Ireland— Europe is mired in debt and recession. Financial markets have hit violent ups and downs on fears that U.S. stimulus efforts may soon be scaled back. Japan is finally looking up after years of stagnation — but it remains an open question if the recovery will stick.

WASHINGTON – The World Bank said eventual monetary tightening in advanced economies could crimp growth in emerging markets as interest rates rise, lowering the nations’ potential output by as much as 12 percent.

Analysis PRINCETON — In a provocative recent paper, Robert Gordon of Northwestern University concludes that the rate of technological progress has slowed sharply, and that the rise in standards of living (at least in the world’s rich countries) is thus set to decelerate. In the 20th century, he says, per capita income in the United…

Germany saw activity fall for the first time since November Activity in the eurozone’s services and manufacturing sectors continued to fall in April, a survey has indicated, with even German output declining.

Washington — More than three years after the end of the global recession, sluggish activity across rich and poor economies is confounding policymakers who expected more by now and raising concerns that options for kick-starting growth are increasingly limited.

US manufacturing growth slowed in April The US manufacturing sector grew at its slowest pace in six months during April, a survey has suggested.

LONDON – The struggling economies of Greece, Portugal and Spain will probably not grow again until next year and former Celtic tiger Ireland is likely to purr rather than roar, a Reuters poll suggested on Monday.

COUNTRIES must act decisively to help nurture the global economy’s fragile recovery, finance ministers and central bankers said at the conclusion of the International Monetary Fund and World Bank (IMF-WB) spring meetings.

WASHINGTON—World finance leaders issued a somber assessment on Saturday of the global economy, saying the recovery remains uneven with growth and jobs in short supply.

China’s new leaders in Beijing China’s new leaders have vowed to boost growth and make it more inclusive China’s economy, the world’s second-largest, has slowed and performed worse than many analysts expected in the first three months of the year.

(Financial Times) — The global economy is stuck in a rut, unable to sustain a decent recovery and susceptible to a sudden stall, according to the latest Brookings Institution-Financial Times tracking index of recovery.

MANILA, Philippines – Strong economies in the Asian region are slowly losing their luster as the low interest environment here and abroad is beginning to cause some problems, an investment bank said.