The economic growth that Malaysia has experienced throughout the first half of this year has been announced as one of the best and most impressive in the world. The second finance minister said that Malaysia has begun to register a particularly strong growth of 6.4% throughout the second quarter.
Russian politicians admit as much as $120 billion could flee Russia as the stock market and ruble decline amidst Russia’s push into Crimea and growing sanctions from the United States and the European Union.
Deputy Economy Minster Alexey Vedev said last week that $120 billion could flee the Russian economy after the Crimea invasion in early 2014 brought cross-border trade with the European Union to a grinding halt. At the same time, Russian stocks have fallen over 20% and the Russian currency, the ruble, has fallen nearly 17% against the U.S. dollar in 2014.
The figure predicted for Singapore’s economy has dropped from 3.8% to 3.3% in the recent survey, after figures showed that the GDP growth expected for the second quarter had not achieved its target. The news has left many economists in the private sector with confidence issues relating to the outlook for Singapore’s economy this year. According to a quarterly survey, the growth expectations have had to be altered significantly for all aspects of the economy.
Recently published statistics have shown that the British Music Industry is starting to become more valuable to the UK economy. In 2013, an annual trade report showed an increase of 9% in the sector in comparison to the previous year. As a result, lobbyists have begun to call for a stronger framework for a national copyright.
The overall increase has been traced to various individual revenues gathered by UK-based:
* Singers
* Musicians
* Songwriters
* Composers
* Lyricists
America is richer than it has ever been in human history, according to a study by the Federal Reserve.
According to the Federal Reserve’s measurement of households and nonprofit organizations’ total assets (HNOTASQ027S), American total wealth per person soared to over $309,000 by September 2014, up over 38% from its post-crisis low in 2009.
In total, Americans own over $95 trillion in assets. Over 70% of those holdings are financial assets held in instruments like common stock, bonds, and other asset-backed securities.
Argentina’s government has begun to increase their intervention in an attempt to bolster the economy. They are hoping to prevent new debt defaults which could initiate a crisis. The policies, however bright and sunny their intentions may be, are also destroying business confidence, potentially leading to a deeper recession.
It is amazing how many governments cannot figure out that lower taxes and regulations will lead to brighter horizons for all.
Analysts at two investment banks have raised their estimates for payrolls and wages in two notes released after the U.S. revised upwards their measurements for second quarter GDP.
The Bureau of Economic Analysis announced on Friday that U.S. Gross Domestic Product rose 4.6% in the second quarter, up from prior estimate of a 4.2% growth in GDP. The report said that export growth, greater private inventory investment, and accelerations in nonresidential fixed investments, helped bolster U.S. growth, while imports accelerated in a symbol of growing domestic demand.
At the moment, there is some confusion about the health of the Chinese economy. Some believe that it is beginning to stagnate, while others suggest that the economy is flowing better than ever before. Currently, the official data being released is largely distrusted (kind of sounds like what many Americans believe when it comes to the IRS, EPA, and White House), and a developing database of alternative indicators are beginning to offer new ways of understanding the development of the second largest economy in the world.
Durable orders fell 18.2% in August, causing a large stock selloff in the United States as weak consumer confidence signals a decline in aggregate demand could drag down economic growth.
The Commerce Department announced a plunge in August’s durable goods orders after seeing those same orders rise 22.5% in July, signaling growing uncertainty amongst retailers and manufacturers. The volatility in durable goods data is unusual, and may indicate conflicting views about how strong America’s economic recovery has been.
Experts on the Cuban economy have recently announced that the country has been consistently suffering from a ‘systematic worsening’. According to Cuba, the problem is the fault of America and the US embargo. Since Washington imposed sanctions in 1960 they have robbed Cuba of approximately $1.1 trillion dollars (considering the depreciation of the dollar against gold). Even now, the blockade the US holds against Cuba remains firmly in place, and harassment against third-country banks and firms seeking business with Cuba increases.
