March 16, 2011
March 06, 2011
China 2nd, Japan 3rd (Guillem Vallcaneras)
China is officially the world's second largest economy, behind the U.S., after Japan confirmed Monday that the nominal value of gross domestic product (GDP) was last year, lower than China, 5.47 billion compared with $ six billion announced by Beijing on 20 January when it unveiled an increase of more than 10%. Japan ranked second in the ranking since 1968.
However, the two Asian powers are far apart on the distribution of income per capita. In Japan as one of the world's richest countries, this indicator is ten times higher than China ($ 42,431 versus $ 4,412).
"We are not fighting to be first but to improve the welfare of the population. From this point of view, we welcome China's rise as a neighboring country," he assured Monday the Economic Policy Minister Kaoru Yosano. The Executive Japan has major concerns such as coping with a public debt in 2010 doubled its GDP (more than eleven billion dollars) and the rapid aging of the population, with its consequent impact on social security accounts.
However, the two Asian powers are far apart on the distribution of income per capita. In Japan as one of the world's richest countries, this indicator is ten times higher than China ($ 42,431 versus $ 4,412).
"We are not fighting to be first but to improve the welfare of the population. From this point of view, we welcome China's rise as a neighboring country," he assured Monday the Economic Policy Minister Kaoru Yosano. The Executive Japan has major concerns such as coping with a public debt in 2010 doubled its GDP (more than eleven billion dollars) and the rapid aging of the population, with its consequent impact on social security accounts.
March 02, 2011
“The Economist” salva a España de la recesión (Adrià Grau)
“The economist” estimated that Spain would have been saved from recession by three tenths in 2009, registering a GDP growth of 0.3%, which will be in “macroeconomic” picture of the 13 major world powers.
The forecast of this newspaper about Spain is that the recession is between -0.2% and 1% growth estimate by the “Ministerio de Economía”. Countries that grew less than Spain are Italy and Great Britain.
In 2009, will experience an increase of GDP with more than 1%: Australia (2.3%), Canada (1.4%), Suiza (1.1%). And the countries that will increase less than 1% are Belgium (0.9%), France (0.7%), Germany, Japan and USA (0.6%), Spain and Italy (0.3%) and, finally, Great Britain(0.1%).
The forecast of this newspaper about Spain is that the recession is between -0.2% and 1% growth estimate by the “Ministerio de Economía”. Countries that grew less than Spain are Italy and Great Britain.
In 2009, will experience an increase of GDP with more than 1%: Australia (2.3%), Canada (1.4%), Suiza (1.1%). And the countries that will increase less than 1% are Belgium (0.9%), France (0.7%), Germany, Japan and USA (0.6%), Spain and Italy (0.3%) and, finally, Great Britain(0.1%).
March 01, 2011
Increase of GDP in USA and Gemany (Cristina Mas)
U.S increased GDP 2,8% in fourth quarter of 2010. Although the increase is good was not expected by the Department of Commerce.
According to the U.S Commerce Department's GDP growth is thanks to the contributions of personal spending and non residential fixed investment.
This year it is estimated that Germany will grow by 3%. More than a third of managers expect improvement. Exports will improve in 2011.
According to the U.S Commerce Department's GDP growth is thanks to the contributions of personal spending and non residential fixed investment.
This year it is estimated that Germany will grow by 3%. More than a third of managers expect improvement. Exports will improve in 2011.
Under Obama Taxes Reach Lowest Level Since Truman (Ferran Mola)
We’re overtaxed right? Especially under that confiscatory socialist Barack Hussein Obama, who the Wall Street Journal called “a determined man of the left whose goal is to redistribute much larger levels of income across society.” Umm … not so much. This from the AP: Taxes too high?
“American families and businesses will pay less in federal taxes than they did under former President George W. Bush, thanks to a weak economy and a growing number of tax breaks for the wealthy and poor alike”.
For those of you keeping score at home, federal tax receipts this year are expected to be about 14.8 percent of GDP. By contrast that figure was 17.5 percent in tax cut warrior George W. Bush’s last full year in office.
And as Washington Monthly’s Steve Benen, who flagged this, points out:
Of course, this is only looking at federal taxes, and doesn't reflect state and local taxes, but a USA Today analysis found last year that if we include everything -- federal, state, and local taxes, including income, property, sales, and other taxes -- the percentage of personal income that's paid in taxes is still at its lowest level since 1950.
“American families and businesses will pay less in federal taxes than they did under former President George W. Bush, thanks to a weak economy and a growing number of tax breaks for the wealthy and poor alike”.
For those of you keeping score at home, federal tax receipts this year are expected to be about 14.8 percent of GDP. By contrast that figure was 17.5 percent in tax cut warrior George W. Bush’s last full year in office.
And as Washington Monthly’s Steve Benen, who flagged this, points out:
Of course, this is only looking at federal taxes, and doesn't reflect state and local taxes, but a USA Today analysis found last year that if we include everything -- federal, state, and local taxes, including income, property, sales, and other taxes -- the percentage of personal income that's paid in taxes is still at its lowest level since 1950.
For growth, we need smart government (Gerard Vélez)
Given Britain's historically and internationally low investment levels, government should use the relatively low cost of capital in the public sector to build infrastructure projects that are leased back to the private sector at a profit – thus turning the PFI system on its head. A properly funded green investment bank would go some way towards this goal but the £2bn mooted by the government will do little if anything to meet the challenge of decarbonising the British economy.
February 28, 2011
Inflation continues unabated (Gerard Papiol)
The inflation rate has risen three-tenths in February stood at 3.6% year on year, according to the IPC.
This rise in February, according to INE, is mainly due to increases in prices of fuels and lubricants, food and soft drinks.
Rising fuel is because the average price of a barrel of Brent oil stood at $104.13 in February compared to the $74.79 it cost in the same month last year.
The flash provides a preview of IPC, if confirmed on 11 March, would also mean an increase of three tenths in annual inflation since January this variation was 3.3%, the highest since October 2008.
This rise in February, according to INE, is mainly due to increases in prices of fuels and lubricants, food and soft drinks.
Rising fuel is because the average price of a barrel of Brent oil stood at $104.13 in February compared to the $74.79 it cost in the same month last year.
The flash provides a preview of IPC, if confirmed on 11 March, would also mean an increase of three tenths in annual inflation since January this variation was 3.3%, the highest since October 2008.
Mexico central bank improved GDP and inflation outlook 2011 (Marc López)
*Central Bank GDP growth forecast up to 2011; 3.8-4.8 percent.
*It provides for inflation to be between 3-4 percent in 2011-2012.
* Mexican peso is undervalued compared to 2008: Agustín Carstens.
Mexico's economy, the second largest in Latin America, could grow between 3.8 and 4.8 percent in 2011 from a previous range estimate of 3.2 and 4.2 percent, said central bank chief, Agustín Carstens.
Agustín said that the expansion of gross domestic product (GDP) could be similar to 2012, while waiting for the economy to function with all engines in the second half of 2011.
The central banker said the price index will fluctuate between 3 and 4 percent in the next two years, but noted that the volatile prices of raw materials or the suspension of the country capital flows are risk factors
The Bank the Mexico (central) has an inflation target of 3 percent + / - one percentage point.
*It provides for inflation to be between 3-4 percent in 2011-2012.
* Mexican peso is undervalued compared to 2008: Agustín Carstens.
Mexico's economy, the second largest in Latin America, could grow between 3.8 and 4.8 percent in 2011 from a previous range estimate of 3.2 and 4.2 percent, said central bank chief, Agustín Carstens.
Agustín said that the expansion of gross domestic product (GDP) could be similar to 2012, while waiting for the economy to function with all engines in the second half of 2011.
The central banker said the price index will fluctuate between 3 and 4 percent in the next two years, but noted that the volatile prices of raw materials or the suspension of the country capital flows are risk factors
The Bank the Mexico (central) has an inflation target of 3 percent + / - one percentage point.
Luces y sombras en el comercio exterior (Víctor Grau)
Exports of goods and services, represents in Spain the 26,3% of GDP, compared to 40% in the euro zone. That is, the European economy is more open than de Spanish economy to international markets. The Spanish economy has a future only if it exports more.
The increase in oil prices during 2010 and 2011 so far is an added difficulty in the process of the economy to reduce their deficits and to overcome the crisis.
The increase in oil prices during 2010 and 2011 so far is an added difficulty in the process of the economy to reduce their deficits and to overcome the crisis.
Ocaña qualifies the GDP data of "historic" (Montse Ganduxer)
Secretary of State for Finance and Budget Carlos Ocana, called today the GDP growth figure for the third quarter as "historic" and acknowledged that the forecast made by the Government that the economy ended the year with a growth of 3, 4% is an objective "prudent", as all estimates are from the Ministry of Economy and Finance.
Ocana said the data suggest a more balanced growth pattern, with a better performance of the external sector and a lower domestic demand pull, which he considered a "good news" for the continued growth of the Spanish economy.
Ocana said the data suggest a more balanced growth pattern, with a better performance of the external sector and a lower domestic demand pull, which he considered a "good news" for the continued growth of the Spanish economy.
The crisis of Nueva Rumasa strangles Cacaolat, by Judit Costa
Cacaolat is the most famous chocolate shake in Catalonia but now it stays in the crisis of Nueva Rumasa of the Ruiz Mateos family.
Cacaolat, however, is only SA since 2009 when Ruiz Mateos didn’t have any money because Clesa had a lot of debts and he separated of Cacaolat, Letona with Sali and La Levantina for attracting investors.
Cacaolat first was of the family Viader, then, Clesa bought. A lot of years ago the Italian firm Parmalat in 1998 bought Clesa and at the end, in 2007 Nueva Rumasa bought.
Nueva Rumasa, nowadays stay in crisis and, for consequence, Cacaolat too.
Cacaolat, however, is only SA since 2009 when Ruiz Mateos didn’t have any money because Clesa had a lot of debts and he separated of Cacaolat, Letona with Sali and La Levantina for attracting investors.
Cacaolat first was of the family Viader, then, Clesa bought. A lot of years ago the Italian firm Parmalat in 1998 bought Clesa and at the end, in 2007 Nueva Rumasa bought.
Nueva Rumasa, nowadays stay in crisis and, for consequence, Cacaolat too.
GDP in USA, by Nora Novillas
The article that I choose it’s from a newspaper called USA TODAY. In this article the journalist explained what happened with the Gross Domestic Product in the USA.
In the final quarter last year, the Commerce Department said that the economic growth increased 2.8%, but the initial estimate annual rate was 3.2%.
State and local governments cut spending at 2.4%, and it was deeper than their first objective: reduce at 0.9%
Consumers reduce his consume a little less (4.1%) than their first thought (4.4%). It was the best reduction since 2006.
With this information seems that the country would grow his economy BUT there are important things to considerate:
- The consumers can spend enough money to offset the negative forces?
- The energy prices will remain the same? (If the price of oil grows, it’s possible another recession)
The economy is growing since the last spring, but rising oil prices and budget cuts could change all.
The economic growth must be stronger to solve the problem with the unemployment (the last month was 9%). If only grows 3% in a year it couldn’t help to improve it and this also with the other things.
In the final quarter last year, the Commerce Department said that the economic growth increased 2.8%, but the initial estimate annual rate was 3.2%.
State and local governments cut spending at 2.4%, and it was deeper than their first objective: reduce at 0.9%
Consumers reduce his consume a little less (4.1%) than their first thought (4.4%). It was the best reduction since 2006.
With this information seems that the country would grow his economy BUT there are important things to considerate:
- The consumers can spend enough money to offset the negative forces?
- The energy prices will remain the same? (If the price of oil grows, it’s possible another recession)
The economy is growing since the last spring, but rising oil prices and budget cuts could change all.
The economic growth must be stronger to solve the problem with the unemployment (the last month was 9%). If only grows 3% in a year it couldn’t help to improve it and this also with the other things.
February 23, 2011
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