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GreenBiz 2011 Participants will give a chance to drill down on Vietnam’s Growth Sustainable future Experienced Vietnam has in recent years rapid Economic Development. The country is one of the Most attractive Emerging Markets in Asia, with an average rate from 2005-2010 Annual Growth Reaching 7.2 per cent. This Impressive Growth, Tuy nhiên, also brought [...]
Australian consumer prices gained the most in five years last quarter, driving the nation’s currency to a record on bets the central bank will resume raising interest rates. The consumer price index rose 1.6 percent from the previous three months, the biggest jump since 2006 and higher than the forecasts of all 26 economists in a Bloomberg [...]
US crude oil prices have hit a new two-and-a-half year high amid fears Libya could be facing a full-blown civil war. US light crude rose by $1.95 to $106.75 a barrel, the highest since September 2008, before falling back sharply. Brent crude gained $2.43 to $118.4, close to recent highs, before it also slipped back. [...]
Free exchange American output R.A. | WASHINGTON American recovery continues, despite downward revisions Images: AMERICA’S economy performed just a little worse in the first quarter of 2010 than the Bureau of Economic Analysis previously estimated. Economists were expecting a slight upward revision to growth in the BEA’s second estimate of first quarter GDP, from the [...]
Free exchange Fiscal policy R.A. | WASHINGTON What has it meant for growth? THE Congressional Budget Office has released its latest assessment of America’s 2009 fiscal stimulus, for the first quarter of 2010. Calculated Risk summarises: CBO estimates that in the first quarter of calendar year 2010, ARRA’s policies: Raised the level of real (inflation-adjusted) [...]
Free exchange Global recovery R.A. | WASHINGTON Another look at the state of global recovery Images: VIA the Big Picture, here’s a chart from Doug Short tracking market index moves: Just looking at markets you’d think, and you’d probably be right, that things are better than they were a year ago, but looking a bit [...]
Free exchange Global recovery R.A. | WASHINGTON Is rapid supply growth the answer? DAVID BECKWORTH surveys the crowd of economic writers wringing their hands over lagging inflation and says that they’re wrong to see a new crisis looming. Retail sales data in America don’t indicate that falling prices are due to falling growth expectations. [B]oth [...]
Free exchange Monetary policy R.A. | WASHINGTON How to account for bad policymaker decisions? SCOTT SUMNER quotes a Nick Rowe post on the status of orthodox economics: I think we are witnessing the biggest silent shift in macroeconomic thought since the Second World War. For 70 years we have taught, and believed, that we would [...]
Free exchange Recommended economics writing R.A. | WASHINGTON The best of the rest of the economics web TODAY’S recommended economics writing: • How will Greece get off the dole? (New York Times) • Yes, Merkley-Levin is still a joke (Economics of Contempt) • Why Merkley-Levin is necessary (Rortybomb) • Why does regulation work (Paul Krugman) [...]
Free exchange Africa R.A. | WASHINGTON African growth takes off Images: PAUL KEDROSKY always has the best charts. This weekend he posts the figure below, under the headline “What happened to Africa in 2003?”: This seems like a pretty question to answer. One word: China. Around the beginning of the last decade, rapid Chinese growth [...]