Economy

China to overtake US economy by 2032 as Asian might builds: report

The growing importance of Asia’s major economies will continue in 2018 and beyond, according to a league table that sees the region dominating in terms of size in just over a decade. The report by the Centre for Economics and Business Research in London sees India leapfrogging the UK and France next year to become the world’s fifth-biggest economy in dollar ... Read More »

Economy is different from politics

Planning for Economic Recovery and Growth: How Far So Far? One of the key mandates of Federal Ministry of Budget and National Planning is to render policy advice to Federal Government on national development and national plans. The ministry is expected to advise government in all aspects of national development and design national plans in form of long, medium and ... Read More »

Liz Weston: How to ‘Death Clean’ Your Finances

FILE – This April 2017 file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (NerdWallet via AP, File) The Associated Press The phrase “death cleaning” may sound jarring to unaccustomed ears, but the concept makes sense. It’s about getting rid of excess rather than leaving a mess for your heirs to sort out. “Death cleaning” ... Read More »

10 Steps to Start an IRA for Small Business Owners and the Self-Employed

An Individual Retirement Account (IRA) is a savings account, which is designed to help individuals save for their retirement. IRAs are popular as they enable an individual to save for retirement with tax-free growth or on a tax-deferred basis. There are two different types of IRAs — Traditional and Roth IRAs. The principle difference between the two is that traditional IRAs ... Read More »

Cambrian is the new kid on the block-chain investment scene

Blockchain investment firms are the ‘new new thing’ in the investment world, not least European companies like kryptonite1 and neufund which are both appearing at TechCrunch Disrupt in Berlin next week. If the internet came along in the 90s to move information assets around, blockchain technologies present potential for a variety of assets, with the potential to disrupt the financial services industry. Now there’s a new ... Read More »

20 More Platforms for Workers in the Gig Economy

The gig economy has been defined as part-time, temporary and freelance jobs. And though it might sound like the kind of thing that would most interest college students on summer break, it is projected half of the working U.S. population will move into the gig economy within the next five years. The stats are pretty much the same globally where the digital ... Read More »

What’s Behind the Growth of the Gig Economy?

The use of work arrangements other than direct employment has grown substantially in the past decade, but few observers really understand the causes of that growth. The popular perception is that it has been driven by millennials’ use of online intermediaries like Uber and TaskRabbit. But rigorous scholarly research reveals that the gig economy’s growth stems largely from employers’ interest in contract ... Read More »

Demonetisation: Economy shaken, GDP hurt, trust in govt undermined

NEW DELHI: While the immediate impact of demonetisation was seen in the long queues outside ATMs and felt through acute cash shortage, its anniversary is an appropriate vantage point to assess the less visible and generalised effect on the economy of what was easily the most disruptive measure post-Independence. The difficulty in making a cost-benefit analysis is that the move was not purely economic, ... Read More »

How a Healthy Economy Can Shorten Life Spans

The health of a nation’s economy and the health of its people are connected, but in some surprising ways. At times like these, when the economy is strong and unemployment is low, research has found that death rates rise. At least, in the short term. In the long term, economic growth is good for health. What’s going on? One study of European countries just before and ... Read More »

Obesity costs SA economy more than R700bn per year – study

Johannesburg – The economic impact of obesity in South Africa is more than R700bn per year, a study revealed. According to the Discovery Vitality OBEcity index for 2017, which presents insights on weight status and food purchasing behavior of Vitality members across six South African cities, the impact of obesity is not only limited to the health of individuals but the ... Read More »