The green shoots of recovery are growing a little taller. Newly released gross domestic product estimates measuring consumer and government spending, investments and net exports show the economy growing at 2 percent in the third quarter, up from 1.3 percent in the second. In normal times, this would be nothing to get excited about; average GDP growth between […]
Africa is undergoing a period of unprecedented economic growth. According to The Economist, six of the ten fastest-growing countries in 2011 were in Africa. Average external debt on the continent has fallen from 63% of GDP in 2000 to 22.2% this year, while average inflation now stands at 8%, down from 15% in 2000. This positive trend […]
Countries battling high public debt must combine policies that support economic growth with lasting changes in government spending and taxation, a new study by the International Monetary Fund (IMF) concludes. A chapter in the IMF’s World Economic Outlook notes that public debt has surpassed 100 percent of GDP in Japan, the United States, and several European countries in recent […]
The tragedy of India is not the explosion that we have witnessed in the visual media. The tragedy is the complete disconnect that exists between the media and the reality on the ground. The plight of the people in the left wing extremism affected villages is not even the concern of the media at the […]
China’s economic slowdown may persist into next year amid a lack of funding for approved infrastructure projects, according to an academic adviser to the nation’s central bank. Expansion will be 7.3 percent to 7.4 percent in the fourth quarter and 7 percent to 7.5 percent in the first half next year, Song Guoqing, a Peking University professor, said […]
If you were to measure the recent economic performance of the world’s major countries — say, those that comprise the Group of 20 — you might be surprised to find Russia among the top performers by most common metrics. This outcome is a fact. For example, based on data compiled by The Economist, Russia’s real growth in gross domestic product in the first half of 2012 at 4.4 percent exceeded all […]
Imagine, Apple’s market capitalisation is more than twice India’s foreign exchange reserves ($289 billion on August 10, 2012) and a large chunk of its GDP. Read Here – The Economist
looking beyond borders 