Tag: Economy

Global Finance Officials Pledge to Lift World Economy Out of Slowdown

Loknath Das

(WASHINGTON) — Global finance officials are pledging closer cooperation in efforts to lift the world economy out its current slowdown, but tensions persist on a number of fronts between the United States and other nations over trade and other issues. Officials wrapped up the spring meetings of the 189-nation International Monetary Fund and the World Bank on Saturday, expressing hope the slowdown that began last year will be followed by stronger growth in the second half of this year and into 2020. The IMF’s steering committee said all members, in…

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54% Working in the Gig Economy Say It Takes Too Long to Get Paid

Loknath Das

Gig economy workers and freelancers make up an increasingly larger percentage of today’s workforce. But when it comes to getting paid, a new survey from Bill.com says 54% of them feel it takes too long. Freelancers Are Not Being Paid Fast Enough The freelance workforce is a connected demographic using digital technology to work, play, shop and carryout financial transactions. And the survey says they are great supporters of digital payments. More than four in five or 86% say they prefer to receive payments electronically, while 41% say they require electronic payments to…

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Why business expectations are so tepid despite recovery in Indian economy

Loknath Das

The government cannot let the recovery in the Indian economy take its own sweet time, not with the elections less than a year away. Photo: Mint The Nikkei India Composite PMI Output index, a gauge of private sector economic activity in both the manufacturing and services sectors, came in at a strong 54.2 for July, up from 52.6 in June. A reading above 50 denotes expansion, while one below 50 indicates contraction from the previous month. As Chart 1 shows, the composite PMI (Purchasing Managers’ Index) is at its highest level…

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UK’s Osborne warns voters of Brexit’s permanent hit to economy

subhadip

  British finance minister George Osborne told voters that leaving the European Union would cost them thousands of pounds a year and sap funding for public services because it would do permanent damage to the country’s economy. In a move likely to grab the attention of many Britons, who remain split on whether to stay in the bloc, Osborne pointed to Treasury figures which said breaking away could cost each household 4,300 pounds ($6,100) a year by 2030. Three days after official campaigning began for the EU membership referendum on…

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EU students contribute £3.7bn to UK economy

subhadip

Ahead of the EU referendum in June, Universities UK has released an analysis of data showing that EU students at universities in the UK contribute over £3.7bn to the economy. London (pictured) saw a £788.9m income boost that supported 7,580 jobs as a result. vPhoto: wikicommons/Diego Delso Natalie is a journalism graduate from City University London, who spent part of her degree at the University of North Carolina at Chapel Hill studying mass communication. In her spare time, she is either glued to the news channels or watching The Night Manager.…

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Americans are Finding Opportunity in China’s Booming Economy

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Image Source: Wikipedia.org Since embarking on its market reforms on 1978, China has grown to be the world’s second largest economy. It is also ranked, by IMF, as the largest economy in the world by purchasing power parity. Moreover, the country is credited with being the leading destination for expatriates, with over 600000 foreign nationals as at January 2015, 12% of which were from the United States. Here, we will examine the circumstances surrounding the current wave of Americans seeking employment opportunities in China. Americans Finding Opportunities in China China,…

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