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.
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