Indonesia Set to Become Trillion-Dollar Economy in Two Years
Indonesia will become Asia’s next trillion-dollar economy, joining the ranks of South Korea, Japan and China. The economy is set to grow at an annual 5.4 percent from 2016 to 2020.
Category: News Desk
The Week in Review: Global Growth Slashed, U.S. Indicators Weak
Global growth expects to slow in 2015 while the U.S. is seeing a rise in unemployment claims and disappointing indicators from the retail industry and small businesses market wide.
Peruvian Economy Shows Disappointing Results
Peru’s economy grew 0.94 percent in February, while shrinking 0.3 percent that same month. The economy retracted from a previous expansion of 1.68 percent in January. The figures fell short of analyst expectations of 1.35 percent growth for February.
Is China’s New Silk Road Plan Destined to Fail Before it Begins?
Beijing has announced ambitious plans to unite countries along the historic Silk Road corridor and around the world via maritime routes through a trade alliance. However, the plan has difficult social and political problems that have led many skeptics to surmise that it may fail long before it can truly get started.
The Plan
Draghi Remains Bullish on QE
The European Central Bank remains committed to expanding the euro monetary base, as its president affirms its policy is improving European economies.
Greece Narrowly Avoids Defaulting on Debts, Faces New Challenges in Financial Crisis
Greece avoided a default in the first week of April 2015 when it successfully paid 450 million euros to the IMF. However, the coming weeks see several more loan repayments, each costing hundreds of millions of euros. This leaves other nations concerned that Greece may begin defaulting on its loans, and has led other members of the Eurozone to call for the cash-strapped nation’s withdrawal from the group.
India becomes Fastest Growing Economy
India is not only growing faster than China, but also every other major market in the world. India is on pace to outgrow China’s 7.5 percent growth rate in 2015 and beyond.
Retail Sales Disappoint, Small Business Indicators Weaken
Small businesses are turning gloomy and retail sales growth fell short of estimates, indicating the U.S. economy may be weakening.
According to a new report by the Census Bureau, sales expanded in March with broad-based gains, although the most aggressive increases were in auto sales, which rose over 2.5%in March.
Legalization of Marijuana about More than Just Economics
Colorado has famously legalized marijuana in what many consider a grand experiment regarding legitimate drug sales. Moreover, by many accounts, it is a resounding success. However, the legalization of marijuana is about more than just economics. When considering the impact of legalized marijuana use on society, does the economic gain track with its social ramifications?
Huge Boost to Economy of Colorado
Economy Takes Center Stage in Scottish Election
Representing a stark contrast between the parties, the Scottish National Party (SNP) stressed the importance private sector reforms, while the Scottish Labour Party promises an end to austerity. The general election will be held on May 7.
