UN reports potential for gradual return to global growth foresees risks uncertainties

admin vfkxn , , , , , , , , ,

Unemployment is down in many countries from recent peaks, but long-term and youth unemployment persist Recent trends in commodity prices and exchange rates Global growth is forecast to strengthen slightly to 3.1% in 2015 and 3.3% in 2016 World gross product The impact of falling energy prices and the appreciation of the US dollar varies from country to country To reduce risks and meet challenges, the report says, it is imperative to strengthen international policy coordination. In particular, macroeconomic policies worldwide should be aligned toward supporting robust and balanced growth, creating productive jobs, and maintaining long-term economic and financial stability.Analyzing countries and regions around the world, the report said that the United States fared well among developed economies, maintaining growth above 2 per cent in 2014, and expecting to continue growth in 2015 (2.8 per cent) and 2016 (3.1 per cent). The forthcoming further normalization of the US Federal Reserve’s monetary policy posed significant risks and uncertainties for the global economic outlook, depending on the timing and strategy of the monetary tightening, as well as the response by financial markets.Gross Domestic Product (GDP) in Western Europe failed to regain its pre-recession peak and Japan’s economy was expected to slow down on the back of reduced private consumption. The recovery in the Euro area was precarious, with the report citing great risks remaining. Underlying growth momentum was so slow that an exogenous event could return the region to recession. The report saw divergent growth rates in developing countries and economies in transition during 2014, and projected continued growth momentum in Africa, with GDP growth there expected to accelerate to 4.6 per cent in 2015 and 4.9 per cent in 2016. East Asia was expected to grow fastest at around 6 per cent in both upcoming years, with South Asia set to see a gradual pick-up in economic growth.Many developing countries and economies in transition faced vulnerabilities due to tightening global financial conditions, aggravated geopolitical tensions and the Ebola epidemic. Large current-account deficits and rapid credit growth in some large emerging economies were causes for concern, particularly if tested by a sudden change in market sentiment, similar to mid-2013 and early 2014. A broad-based downturn in emerging economies, particularly a sharp slowdown in China, would weigh on economic performance worldwide.Oil price volatility also posed risks to exporters and importers, while geopolitical crises like Ukraine, Iraq, Libya and Syria hampered economic development and remained causes of uncertainty. Long-term unemployment remains a major problem The UN World Economic Situation and Prospects 2015 (WESP) report, which was launched today, estimates growth in 2015 of 3.1 per cent and in 2016 of 3.3 per cent. Those figures are higher than the 2.6 per cent growth recorded this year, where the pace of expansion has been moderate and uneven.“While some economic indicators are positive and moving in the right direction which points to the potential for a gradual return to consistent economic growth,” said Pingfan Hong, Director of the Development and Policy Analysis Division for the UN Department of Economic and Social Affairs, “many risks and uncertainties could dash efforts to get the global economy on track and moving forward.”Over the course of 2014, unemployment remained historically high in some regions, though appeared to have stopped rising, while inflation varied, despite being broadly subdued. Trade growth was expected to pick up, while fiscal tightening was expected to continue at a slower pace in most developed economies. Foreign direct investment inflows remained the most stable and relevant source of financing for developing countries, while capital flows were sensitive to changes in risk appetite. The dollar was expected to remain strong.

You May Also Like..

Ecobank Ghana Limited (EBG.gh) HY2007 Interim Report

first_imgEcobank Ghana Limited (EBG.gh) listed on the Ghana Stock Exchange under the Banking sector has released it’s 2007 interim results for the half year.For more information about Ecobank Ghana Limited (EBG.gh) reports, abridged reports, interim earnings results and earnings presentations, visit the Ecobank Ghana Limited (EBG.gh) company page on AfricanFinancials.Document: Ecobank Ghana Limited (EBG.gh)  2007 interim results for the half year.Company ProfileEcobank Ghana Limited is a financial institution offering banking products and services for the consumer, commercial, corporate and investment sectors. The company provides banking solutions for government departments, financial institutions, multi-nationals, international organisations, small- and medium-sized enterprises and individuals. Ecobank Ghana Limited offers an extensive product offering; ranging from current and savings accounts to business accounts, term deposits, personal loans, mortgage loans, microfinance and business loans. Ecobank Ghana Limited also offers financial solutions for value-chain financing, short-term and mid-term finance and trade finance as well as investment banking, mergers and acquisitions, structure and project finance, capital market services, wealth and asset management, securities brokerage, custodial services and electronic banking services. Ecobank Ghana Limited is a subsidiary of Ecobank Transnational Incorporated. Its headquarters are in Acca, Ghana. Ecobank Ghana Limited is listed on the Ghana Stock Exchangelast_img

New director for the World Development Movement

first_img The World Development Movement has appointed Deborah Doane as its new director, and she started work there at the beginning of this month.Doane was previously Head of Sustainable Consumption at WWF-UK, where she led strategies to achieve an 80% reduction of the UK’s carbon footprint by 2050. She has spent 15 years working with NGOs, think-tanks and the private sector on ethical trading, human rights and sustainable development issues.She was director of the CORE (Corporate Responsibility) coalition from 2003 to 2007, a coalition of over 130 NGOs, which campaigned for and achieved changes to UK Company Law strengthening corporate accountability over social and environmental impacts. Advertisement  19 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Management Recruitment / people Howard Lake | 8 June 2009 | News New director for the World Development Movementcenter_img She is also a regular guest lecturer at the London School of Economics and the London Business School.www.wdm.org.uk About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThislast_img

DuPont Pioneer Harvest Update 11/21/16

first_imgMeacham says, like 2016, the 2017 year will be a year to manage costs as tightly as possible, “A lot of farmers are looking for ways to be more efficient with their nitrogen, and we have some Encirca tools that can help.“ He added the warm and dry conditions this fall have allowed for a good deal of field preparation for next spring. SHARE Facebook Twitter Facebook Twitter Previous articleClosing CommentsNext articleBrexit May Open British Farmers to GM Crops Gary Truitt By Gary Truitt – Nov 21, 2016 DuPont Pioneer Harvest Update 11/21/16The last of our DuPont Pioneer Harvest updates examines some of the lessons learned that may apply to next year. In 2016, there were essentially two planting seasons: one in April and one in late May.  Bill Meacham, with DuPont Pioneer, says this year really reinforced the importance of planting early, “We saw the yields in the May planted corn were less than the yields in the April planted corn.”center_img For growers in Southern Indiana, 2016 showed the benefits of using a fungicide, “We saw the southern rust disease come in; and, when we finalized the data, those farmers who applied a fungicide really did much better. I think a lot of growers will have this top of mind when they consider a fungicide for next year’s corn.” SHARE DuPont Pioneer Harvest Update 11/21/16 Weed pressure was an issue in 2016; but, in 2017, growers will have some new technology especially in soybeans, “We have some new Roundup Ready 2 Xtend varieties that we will introduce for 2017.”  Meacham added that weed pressure was considerable in many soybean fields this year and that growers are looking for some new technology to help control these resistant weeds, “The new varieties we are introducing are really performing strong, so there is a lot of interest by growers in that technology.” Home News Feed DuPont Pioneer Harvest Update 11/21/16last_img

Leave a Reply

Your email address will not be published. Required fields are marked *