Banks and estate agents forecast more growth in all parts of country after surprise gains in 2013
An imbalance between supply and demand appears to be why there is expectation of 8% growth, and has been one of the key drivers of prices in 2013 as the increase in buyers grew at a faster rate than the number of homes available.
It is also one of the key reasons why critics have condemned the second part of the government's Help to Buy scheme- While the mortgage guarantee scheme promotes lending, it does nothing to encourage building, and some estimates have suggested that the UK needs at least 100,000 extra homes a year to keep up with demand.
The way the US economy is measured has changed to include the amount spent on intellectual property outlays - what impact will this have?
From this article we learn that prior to this recalculation, "mysterious products" were left out of GDP calbculations, for example the revunue of a box office film. As a result this has led to an extra US$560 billion added to recent GDP figures (about the size of Sweden's entire GDP).
NEW DELHI: Growth indicators for the Indian economy are showing signs of stabilisation but the macro economic environment still remains challenging, particularly with regards to inflation, says a...
Despite India showing signs of stability, as suggested by growth indicators, it is still being effected by macro factors such as high inflation. As a consequence, government expenditure and fiscal deficits have risen by 19.1 % and 234%, which were higher than the budget targets for the full year.
Another result is that government spending has increased to 32% even as gross tax revenue growth slipped to 7.9%, meaning that the government is upping their spending despite recieving less money in the first place from tax.
Consumer confidence remains static for more than half of people in Wales, according to a survey of 1,000 people.
this article shows that consumer confidence is not the only driving force behind sales and consumption. Weather also plays a huge part, with the relatively warm summer increasing trade as people were encouraged to go outside.
OGX, the Brazilian oil and gas company controlled by the billionaire former speedboat racer Eike Batista, files for bankruptcy protection in Rio de Janeiro.
the future of the oil firm OGX now almost enitrely hinges on consumer confidence. With recent poor outputs from its oil fields in Brazil, investors, now holding over $3.6 billion in debts, are now faced with the dilemma of whether they should accept or reject the oil firm's proposed new business plan. Should they reject the proposal, the company will be liquidated.
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