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World Bank lowers projection

World Bank

Washington – The World Bank on Tuesday lowered its projection for the global economic outlook this year, as developing countries are heading for disappointing growth, while high-income countries are gaining momentum. [Read more…]

Housing Market Returns To Growth

Housing Market Returns To Growth In October As Prices And Transactions Climb – Transactions increase by 24% in October compared to previous month –  House prices see first monthly increase since May, rising by 0.1% David Newnes, Director of LSL Property Services plc, owner of Your Move and Reeds Rains estate agents, comments: “There were […]

Housing Market Returns To Growth is a post from: Business UK

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Success in an Unfriendly Neighbourhood

Tel Aviv Israel

Tel Aviv Israel

Few people realize that Israel, despite all its political problems, is one of the world’s most successful economies. Since 2004 its GDP has grown about 5 per cent a year in real terms every year except 2009, when the global economy crashed. [Read more…]

Modest growth predicted in 2012

The Global Economy

The Global Economy

Mexico City – Finance ministers and central bank governors of the Group of 20 (G20) nations expect modest growth this year as downside risks continue to threaten the global economy. [Read more…]

Economic growth not encouraged by high inflation

Pretoria – Low interest rates and high inflation do not encourage economic growth, economist Chris Hart said on Tuesday. “Low interest rates in the developed world have become counter-productive…. Growth has to be funded. In South Africa where interest rates are at 5.5%, we cannot get growth going,” said Hart adding that inflation was too […]

Economic growth not encouraged by high inflation is a post from: South Africa Business

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SA arts, culture sector can lead in economic growth

Cape Town – South Africa’s creative sector, like in many developed nations, has the potential to lead in generating economic growth, says Arts and Culture Minister Paul Mashatile. This minister said this was the collective view in April of over thousand delegates who attended the historic National Consultative Conference on the contributions of the arts, […]
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US recruitment shows growth

A major US online recruitment index has shown that online demand for workers experienced a 7 per cent year-on-year rise in January.

The Monster Employment Index, put together by online recruitment site, showed that all of the 28 major city markets they monitor across the US showed positive annual growth in January.

Jesse Harriott, one of the senior vice presidents of Monster behind the compilation of the index, said that certain sectors were showing consistent growth and opportunity – with mining and wholesale trade actually showing the greatest demand for labour.

“Private sector hiring, including in IT, business and healthcare occupations has been fuelling growth which is encouraging,” she said. “At the same time cuts in government-related recruitment since December are weighing down on overall growth, but not enough to prevent year-on-year growth for the first month of 2011.”

The index surveyed 20 sectors in total, with 12 showing positive annual growth. Demand for jobs and labour in wholesale trade rose by 14 per cent, which was matched by professional, scientific, and technical services.

The industries in the private sector that showed the slowest annual growth in January were accommodation and food services, which fell on the index by 16 per cent.

Geoff Newman, chief executive of online recruiter Recruitment Genius, commented “The increased demand for workers is excellent for our US operation which is noticing significant growth. Importantly it also represents hope for the UK economy which is going through a bumpy recovery.”