economy

More ‘inclusive’ reforms could boost eurozone economy: ECB | News

Eurozone countries could boost growth and employment by tackling more “inclusive” reforms to their economies, according to a study published Friday by the European Central Bank. “Well-designed structural policies could yield substantial benefits for euro area citizens via a stronger and more inclusive growth in employment and incomes,” the authors suggested. The working group that produced the study was set up by the ECB’s governing council two years ago. Since that time, “inclusive” growth has become a buzzword widely used…

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5G Wireless Could Add $40 Billion in Annual GDP and 250,000 Permanent New Jobs to Canadian Economy by 2026, Accenture Report Finds

OTTAWA, Ontario–(BUSINESS WIRE)–Jun 19, 2018–New 5G wireless networks will contribute as much as $40 billion annually to Canada’s economy by 2026, according to a new report from Accenture (NYSE:ACN). Commissioned by the Canadian Wireless Telecommunications Association and developed by Accenture Strategy, the report, “ Fuel for Innovation – Canada’s Path In The Race To 5G, ” found that the deployment of 5G networks across Canada will lead to the creation of hundreds of thousands of new jobs. Specifically, more than 150,000…

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UK economy to grow at slowest pace since 2009 – BCC – Finance News

LONDON, June 18 (Reuters) – Britain’s economy looks on track to grow at its weakest rate since 2009 this year due to Brexit uncertainties, higher oil prices and fears of a trade war, the British Chambers of Commerce said on Monday. The BCC cut its 2018 growth forecast to 1.3 percent from 1.4 percent — in line with the average in a Reuters poll of economists published on June 7 — and also cut its outlook for 2019 to 1.4…

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Minister Morneau Takes Canada’s Plan for a Strong Economy to Hong Kong and Shanghai

March 29, 2018 – Hong Kong, China – Department of Finance Canada The Government of Canada continues its plan to build a strong middle class through equality and growth. Canada’s economic success rests on the hard work of Canadians, and on strong trade relationships that can drive economic growth, create good, well-paying jobs for the middle class, and open up opportunities for Canadian businesses to grow and expand. Following a successful G20 meeting of Finance…

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Italy’s new economy minister to meet French, German…

By Reuters Published: 13:15 EDT, 12 June 2018 | Updated: 13:15 EDT, 12 June 2018 ROME, June 12 (Reuters) – Italy’s new Economy Minister, Giovanni Tria, will meet with his French and German counterparts this week to discuss European rules, a statement from the ministry said on Tuesday. Tria will meet French Finance Minister Bruno Le Maire Wednesday in Paris and German Finance Minister Olaf Scholz on Thursday in Berlin, the statement said, “to start a constructive dialogue and open…

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Italy’s bond yields tumble after economy minister vows…

By Reuters Published: 03:29 EDT, 11 June 2018 | Updated: 03:29 EDT, 11 June 2018 By Dhara Ranasinghe LONDON, June 11 (Reuters) – Italy’s borrowing costs fell sharply on Monday, tightening the gap over German peers, after Italian economy minister Giovanni Tria said the new coalition government had no intention of leaving the euro zone and planned to cut debt levels. In his first interview since taking office a week ago, Tria told the Corriere della Sera newspaper on Sunday…

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Economy in remarkable growth – Forex receipts up to $2,8bn – Gold production rises 65pc

Zimbabwe’s economy has made a remarkable upswing since the beginning of year, with foreign currency receipts rising to $2,8 billion in the first five months of the year from the same period a year ago, while gold production has jumped an incredible 65 percent to 13,3 million tonnes in the same period. This has raised expectations that Government will be able to achieve its revised growth target of 6 percent, Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya has…

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UK economy set to lag peers again as Brexit approaches,…

By Reuters Published: 19:04 EDT, 7 June 2018 | Updated: 19:04 EDT, 7 June 2018 LONDON, June 8 (Reuters) – Britain’s economy is on course to lag behind its international peers again this year as it nears its departure from the European Union, according to new forecasts from the Confederation of British Industry, an employers’ group. The world’s fifth-largest economy looks likely to grow by 1.4 percent in 2018, according to the CBI, weaker than projected growth in the euro…

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Last year tourism sector generated over 2.7 billion USD in our economy

The FINANCIAL — “Tourism is one of the main sectors of the economy of Georgia that provides several tens of thousands of jobs which is about 180 thousand direct and indirect emplacements. Last year tourism sector generated over 2.7 billion USD in our economy,” – the First Vice Prime Minister of Georgia, Minister of Economy and Sustainable Development Dimitry Kumsishvili stated following the coordination meeting of the international donor organizations and the representatives of state agencies working in the tourism…

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Italy’s PM-designate still stymied over economy…

By Reuters Published: 09:19 EDT, 26 May 2018 | Updated: 09:19 EDT, 26 May 2018 By Steve Scherer ROME, May 26 (Reuters) – Italy’s prime minister-designate’s efforts to put together a cabinet remained stymied on Saturday as his political backers pushed for a eurosceptic economy minister who the president has so far refused to accept. The possible appointment of the 81-year-old economist Paolo Savona has rattled financial markets. In a further blow to the nascent government, Moody’s on Friday threatened…

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Economy

Kigali, Rwanda (PANA) – Rwandan flag carrier, RwandAir Express, is set to launch Wednesday its weekly service between Kigali and Cape Town, South Africa via Harare, Zimbabwe, according to an official statement made available to PANA in Kigali on Tuesday. Full text… ©-Panapress-15 may 2018 16:30:18-thread Economy (106words) Source link

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Britain seeks $40 billion investment to boost economy…

By Reuters Published: 17:33 EDT, 16 May 2018 | Updated: 17:33 EDT, 16 May 2018 LONDON, May 16 (Reuters) – Britain’s trade minister Liam Fox will invite overseas investors on Thursday to submit bids for financing 30 billion pounds ($40 billion) of projects to help the world’s sixth-largest economy cope with the upheaval of leaving the European Union. Britain is trying reinvent itself as a global trading nation and improve economic ties with countries outside Europe as the government prepares…

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Britain seeks $40 billion investment to boost economy after Brexit – Macroeconomic News

LONDON, May 16 (Reuters) – Britain’s trade minister Liam Fox will invite overseas investors on Thursday to submit bids for financing 30 billion pounds ($40 billion) of projects to help the world’s sixth-largest economy cope with the upheaval of leaving the European Union. Britain is trying reinvent itself as a global trading nation and improve economic ties with countries outside Europe as the government prepares to leave the EU next year. Investors will be offered the chance to fund 68…

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