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Meet The Defense Ministers Of Sweden, Norway, The Netherlands, Germany
Meet The Defense Ministers Of Sweden, Norway, The Netherlands, Germany By Tiffany Willis
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Meet The Defense Ministers Of Sweden, Norway, The Netherlands, Germany
By Tiffany Willis
By Tiffany Willis
These aren’t the wives of powerful European leaders. They themselves are some of the most powerful leaders in Europe and Scandinavia.
This is what progress looks like.
Allow me to introduce you to the defense ministers of Norway, Sweden, the Netherlands, and Germany.
At a security conference in Munich on Saturday, politicians from around the world gathered together. When Belgium’s male defense minister spotted these four ladies sitting together, he snapped this photo. A Tweet by Jeanine Hennis-Plasschaert — the Dutch defense minister — with the photo quickly went viral. liberalamerica.org/
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Elusive global growth outlook requires urgent policy response: OECD
Achieving strong growth in the global economy remains elusive, with only a modest recovery in advanced economies and slower activity in emerging markets. However, India ’s economy is expected to grow at 7.4% in the next fiscal year
According to the latest Interim Economic Outlook of OECD, achieving strong growth in the global economy remains elusive, with only a modest recovery in advanced economies and slower activity in emerging markets. The report highlighted that trade and investment remains weak and sluggish demand is leading to low inflation and inadequate wage and employment growth.
Sluggish growth is reflected in weak trade and has contributed to recent falls in commodity prices. While global trade flows have recovered somewhat from the sharp decline in the first half of last year, they nevertheless remain subdued. World trade volumes grew by only around 2% in 2015, a pace which in the past has been associated with very low outcomes for global GDP growth.
Source: PHD Research Bureau, compiled from OECD
In this regard the report highlights that a stronger collective policy response is needed to strengthen demand. Monetary policy cannot work alone. Fiscal policy is now contractionary in many major economies. Structural reform momentum has slowed. All three levers of policy must be deployed more actively to create stronger and sustained growth. The recipe varies by country, especially with regard to needed structural reforms, highlighted the report.
Global GDP growth in 2016 is now projected to be about the same as 2015, a further downgrading since the November 2015 OECD Economic Outlook. The OECD projects that the global economy will grow by 3% this year and 3.3% in 2017, which is well below long-run averages of around 3.75%. This is also lower than would be expected during a recovery phase for advanced economies, and given the pace of growth that could be achieved by emerging economies in convergence mode.
The downgrade in the global outlook is broadly based, spread across both advanced and major emerging economies, with the largest impacts expected in the United States , the euro area and economies reliant on commodity exports, like Brazil and Canada . The US will grow by 2% this year and by 2.2% in 2017, while the UK is projected to grow at 2.1% in 2016 and 2% in 2017. Canadian growth is projected at 1.4% this year and 2.2% in 2017, while Japan is projected to grow by 0.8% in 2016 and 0.6% in 2017.
The euro area is projected to grow at a 1.4% rate in 2016 and a 1.7% pace in 2017. Germany is forecast to grow by 1.3% in 2016 and 1.7% in 2017, France by 1.2% in 2016 and 1.5% in 2017, while Italy will see a 1% rate in 2016 and 1.4% rate in 2017.
Source: PHD Research Bureau, compiled from OECD
With China expected to continue rebalancing its economy from manufacturing to services, growth is forecast at 6.5 % in 2016 and 6.2 % in 2017. India will continue to grow robustly, by 7.4 % in 2016 and 7.3 % in 2017. By contrast, Brazil ’s economy is experiencing a deep recession and is expected to shrink by 4 % this year and only to begin to emerge from the downturn next year.
The Interim Economic Outlook calls for a stronger policy response, changing the policy mix to confront the current weak growth more effectively. It points out that sole reliance on monetary policy has proven insufficient to boost demand and produce satisfactory growth, while fiscal policy is contractionary in several major economies and structural reform momentum has slowed.
The OECD suggested that monetary policies should remain highly accommodative in advanced economies, until inflation has shown clear signs of moving durably towards official targets. In emerging market economies, monetary support should be provided where possible, taking into account inflation developments and capital market responses.
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A goods train service that gets flagged off will link southern #Assam with other North Eastern States, meeting an old demand of the people, officials said.
A goods train service that gets flagged off on Saturday will link southern Assam with other North Eastern States, meeting an old demand of the people, offi
NORTHEASTTODAY.IN
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