Will the Chinese economy grow permanently at less than 6%? What are the prospects for the Chinese economy and its international impact? A recent survey on Chinese economic prospects reveals such interesting and varied perspectives on the challenges facing China at this key stage of her economic development.
On immigration -by Nigel Harris professor emeritus of Economics at the University College London
Sometime in the 1990s, Britain ran out of workers. Or, more precisely, the faster the economy grew, the greater became the shortage of workers with the right skills. It seems the problem will get worse - the livelihood of those who live here will increasingly depend on recruiting complementary workers abroad.
Temporary workers at Sports Direct, the booming retail chain controlled by the billionaire Mike Ashley, are receiving effective hourly rates of pay below the minimum wage, an investigation by the Guardian can reveal.
Warehouse staff at the group, which is controlled by Britain’s 22nd richest man, are required to go through searches at the end of each shift, for which their time is unpaid, while they also suffer harsh deductions from their wage packets for clocking in for a shift just one minute late.
Throughout Europe, Ireland is held up as an example for Greece: we took the pain, engaged with the troika, and worked our way out of crisis to become the fastest growing economy … or so the story goes. This myth, however, is based on much that is misunderstood and more that isn’t mentioned.
This was supposed to be the year when normality returned to the global economic landscape. Growth was looking more established and the legacy of the financial crisis was dimming. Even the eurozone, having come close to unravelling once again, by this month appeared to have put the latest Greek crisis behind it.
All that changed on China’s “Black Monday” last week, when the stock market sell-off that had been rumbling along for weeks turned into a rout. A near 9% fall in the main Shanghai Composite index, its biggest one-day drop since 2007, reverberated around global markets, sending other bourses from Sydney to Wall Street tumbling. In London, dramatic moves on the FTSE 100 were reminiscent of the worst days of the last crash
Britain must fix its productivity problem to secure future economic growth and improve living standards, a leading thinktank has warned as it highlights a failure to grow output per UK worker since the downturn. The thinktank says in its latest economic survey of the UK that low interest rates and access to credit schemes have helped shore up the recovery but that there are risks ahead from a large banking sector, weak exports, high house prices and a shaky eurozone. The biggest concern raised is Britain’s poor record on productivity.
Matt Davies points to damaging effect on economy, retailers, manufacturers and shoppers as data shows grocery deflation contracting.
Matt Davies said: “Everybody should be very, very clear how damaging food inflation is to the economy, to retail businesses and manufacturing businesses and how lethal it could be for millions of people struggling to live from week to week.”
Movement of people from poor to rich countries could drive economic growth and boost battle against global poverty, claims World Bank chief Jim Yong Kim.
The large-scale migration of people from poor countries to richer ones will “reshape economic development for decades” but could help end extreme poverty and increase global prosperity if the flow is properly harnessed and regulated, according to the World Bank.
European migrants to the UK are not a drain on Britain’s finances and pay out far more in taxes than they receive in state benefits, a new study has revealed. The research by two leading migration economists at University College also reveals that Britain is uniquely successful, even more than Germany, in attracting the most highly skilled and highly educated migrants in Europe.
Britain’s economic recovery remains too reliant on debt-fuelled consumer spending as growth forecasts are downgraded in the face of a manufacturing slowdown.
The British Chambers of Commerce (BCC) said on Wednesday that it expected economic growth for this year to be 2.4%, down from the 2.6% it was expecting three months ago. The downgrade came after official figures revealed that manufacturers cut back production by 0.4% in October, partly reversing a strong performance the previous month.
Recent weak trade data showed that the economic recovery has been unbalanced – too dependent on consumers, instead of exports and business investment.
Tata Steel has announced nearly 1,200 job losses at its plants in Scunthorpe and Lanarkshire. Nine hundred jobs will be lost at the firm's plant in Scunthorpe. The remaining 270 jobs will go in Scotland.
They are the latest in a series of job losses across the UK steel sector, following news that administrators have been appointed to parts of Caparo Industries' steel operations.
The industry blames cheap Chinese imports for a collapse in steel prices.
A state-led investment programme offers a way to steer British economy away from private speculative activity to long-term sustainable growth investment
Antonis Antoniou's insight:
Corbyn has proposed two alternatives to the UK’s current policy of austerity: a national investment bank, to be capitalised by cancelling private-sector tax relief and subsidies; and what he calls “people’s quantitative easing” – in a nutshell, an infrastructure programme that the government finances by borrowing money from the Bank of England.
Sharing your scoops to your social media accounts is a must to distribute your curated content. Not only will it drive traffic and leads through your content, but it will help show your expertise with your followers.
How to integrate my topics' content to my website?
Integrating your curated content to your website or blog will allow you to increase your website visitors’ engagement, boost SEO and acquire new visitors. By redirecting your social media traffic to your website, Scoop.it will also help you generate more qualified traffic and leads from your curation work.
Distributing your curated content through a newsletter is a great way to nurture and engage your email subscribers will developing your traffic and visibility.
Creating engaging newsletters with your curated content is really easy.