Economy

Mark Lister: Property market slowdown may hit economy

The rampant housing market has had a big effect on the strength of the economy over the last several years, writes Mark Lister. Picture / Greg Bowker Things have changed in the Auckland housing market. Sales volumes are well down from a year ago and the number of days to sell has been creeping higher. The number of auctions has ... Read More »

5 Things to Know About the Economy

Somalia faces numerous challenges on its quest for peace, stability, and economic prosperity. The recent drought and famine will test the country’s resilience to provide humanitarian assistance and will require help from the international community. The government’s recent policies demonstrate its strong commitment to improving the state of the country and Somalis’ livelihoods. Here are five things to know about ... Read More »

Government Asks Traders To Issue Advertisements About Price Hike Post GST

New Delhi: The government on Friday asked traders and businesses to immediately issue advertisements informing the public about increase in maximum retail price (MRP) on mass consumption products post implementation of GST. To clear pre-GST stocks, the government had earlier this week allowed use of dual stickers reflecting the new rate along side the old printed price of a product for ... Read More »

Confidence Boomed After the Election. The Economy Hasn’t.

After Donald J. Trump won the presidential election, Americans’ optimism about the economic future soared. But midway through the year, that optimism has not translated into concrete economic gains. This seeming contradiction exposes a reality about the role of psychology in economics — or more specifically, how psychology is connected only loosely to actual growth. It will take more than ... Read More »

Democrats still have nothing to say about boosting the economy

Liberal writers and political operatives, now that it’s finally dawning on them that no one is going to find evidence that Donald Trump conspired with Russia to steal the presidential election, are turning to giving advice to the Democratic Party. That’s a natural, if somewhat delayed, response to an election that left the world’s oldest political party out of power in the ... Read More »

U.S. first quarter economic growth revised up on jump in consumer spending

The U.S. economy slowed less than feared in the first quarter due largely to a jump in consumer spending, providing a slightly more encouraging outlook for growth this year. Gross domestic product increased at a 1.4 percent annual rate instead of the 1.2 percent reported last month, the Commerce Department said in its final assessment for the period on Thursday. ... Read More »

How Trump’s political drama could hurt the economy

President Trump speaks at a rally on June 21 in Cedar Rapids, Iowa. – Scott Olson/Getty Images Uncertainty. That’s got to be how you would describe the feeling coming out of Washington these days. There is plenty of policy uncertainty: health care legislation, tax reform, the debt ceiling. There is also political uncertainty: congressional investigations, special prosecutors, lawsuits, even calls for impeachment. ... Read More »

This is what the Queen’s Speech means for the economy

The Queen’s Speech concentrated largely on Brexit PA The business and financial communities are supposed to like strong government, so they know where they stand and can plan for it. But in the past couple of weeks, and especially now after the Queen’s Speech, they have been swinging round to the view that weak government might be rather good news. ... Read More »

National Treasury still has a chance to save the economy

As SA grapples with three bruising downgrades to its sovereign credit rating, an economy in recession and increasing political uncertainty, National Treasury can play its role in lifting the country from the economic malaise. This is the view of Nedbank’s senior economist Nicky Weimar, who said to avoid further damage in terms of further downgrades by S&P Global Ratings, Fitch ... Read More »

12 Rules for the New Economy

A few weeks ago I had the pleasure of speaking at a holiday event. Instead of one of my usual (but awesome) presentations, I wrote some thoughts on a piece of paper and shared what I thought these businesses needed to know to align themselves for 2015. Here’s what I shared. I hope these rules (guidelines) help you. 1. Word ... Read More »