BARCELONA | Maintaining growth is crucial to continue reducing debt and boosting the recovery in employment. The US unemployment rate falls to 7.7% thanks to the reduction in the labour force.
In the World
Public spending can be cut down particularly when there is growth and economy expands. One has only to look at the US’ GDP to learn a powerful lesson: austerity untimely implemented does more harm than good.
China’s growth for 2012 was released by mid-January: an overall growth of a 7.8% with a slight increase of 0.1 points for the last quarter, topping a 7.9%. The widely expected figure was the lowest since 1999. But is this a negative or a positive sign?
Why has gas prices in Europe escalated up so much more than in the US? Why should taxpayers fill the gap when politicians play with green magic that turns unaffordable? Renewable energy sounds right but costs should be explained.
The election in Gujarat will decide India’s economic future.
Trevor Cohen | Latin America has suffered centuries of resource exploitation at the hands of foreign powers, without translating gains to the majority of the population. However, there are signs that the effects of China’s appetite for these same resources may break the disastrous boom bust cycles of the past.
BEIJING | Great social and economic inequalities could jeopardise the plans of making of internal consumption the main engine of growth. The figures released before the end of the year warned of the growing gap between the rich and the poor.
Most Republicans act as obdurate and dogmatic preachers of a new faith that refuses any concession on the core objective of making life miserable for liberals, women and non-white minorities that cast a vote enabling an evil and un-American President to be re-elected.
After two decades of relative decline, decision makers in Tokyo need to tackle serious reforms to boost Japan’s economic system. This is the first part of a series published by The Fair Observer perusing the country’s economic challenges.
Nine media outlets write a letter to Mitt Romney campaign challenging the exorbitant bills they had to pay in order to follow the Republican candidate before the US election