Economy

Indonesia sets moderate economic goals; economy expected to grow by 5.3% next year

Indonesia’s economy is expected to expand by 5.3 per cent in 2019.PHOTO: REUTERS JAKARTA – Amid rising external pressures, Indonesia’s economy is expected to expand by 5.3 per cent next year on the back of stronger domestic consumption, investment and export, President Joko Widodo told Parliament on Thursday (Aug 16). The growth will be oriented towards equality by accelerating development ... Read More »

Rupee trades marginally higher against US dollar

So far this year, the rupee has weakened 7%, while foreign investors have sold $410.30 million and $5.62 billion in equity and debt markets, respectively. Photo: Mint Mumbai:The Indian rupee on Wednesday was trading marginally higher against the US dollar, tracking gains in local equity markets. At 9.12am, the rupee was trading at 68.64 a dollar, up 0.05% from its ... Read More »

Why business expectations are so tepid despite recovery in Indian economy

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 ... Read More »

Top 20 Products Your Business can Sell on eBay

Since its launch back in 1995, eBay has made a name for itself as one of the top names in ecommerce. You can use the platform to sell basically anything, from niche collectibles to generic grocery products. But if you’re looking to build a business by selling on eBay, it can help to choose a product line that’s especially popular. So ... Read More »

How an Economic Boom Can Run Out the Clock

Australia’s run of economic growth has been a marathon, managed in part by savvy policy-making and in part by good fortune. PHOTO: DAN HIMBRECHTS/EPA/SHUTTERSTOCK SYDNEY—U.S. history suggests economic expansions come with expiration dates. Since 1854, the U.S. has experienced 34 expansions, lasting from 10 months to 120. The current one, in its 10th year, is already longer than all but the one ... Read More »

Getting to grips with the challenges facing SA’s economy

Picture: ISTOCK Manufacturing production rose by more than 2% in May, while mining production dropped by more than 2%. And consumer confidence has slipped from its record high. What does this mean for SA’s economy? Investec chief economist Annabel Bishop spoke to Business Day TV to provide more insight into what the numbers mean. Investec chief economist Annabel Bishop talks ... Read More »

China’s Cooling Economy Spells Trouble Ahead for Global Growth

Confirmation that China’s economy is slowing amid an escalating trade war is a worrying omen for global growth. Data released since Friday has affirmed what’s been expected for some time: That an ongoing campaign to curtail credit is putting the brakes on the world’s second-largest economy. Given that China generates as much as a third of global growth, that’s adding ... Read More »

Why Argentina’s economy is in trouble again

Argentina’s president Mauricio Macri has overseen reforms This wasn’t supposed to be happening to Argentina. The election, three years ago, of the moderniser Mauricio Macri as president was hailed as proof that what was once Latin America’s richest economy was getting back on its feet. Now, after the country’s central bank raised interest rates for the third time in a ... Read More »

California’s economy passes UK’s to become world’s fifth biggest

People visit Santa Monica beach in Los Angeles county. Photograph: Greg Balfour Evans / Alamy/Alamy California’s economy has surpassed that of the United Kingdom to become the world’s fifth largest, according to new federal data made public on Friday. Despite having a population of only 40 million compared with the UK’s 65 million people, California’s gross domestic product of $2.7tn ... Read More »

Jobless Rate Looks Like Old Times, but the Economy Doesn’t

A worker at Neenah Foundry in Neenah, Wis., which has been turning out metal products for generations. Fifty years ago, manufacturing accounted for one in four jobs; now it’s not even one in 10.CreditDamon Winter/The New York Times By Natalie Kitroeff May 4, 2018 The last time the unemployment rate fell below the 4 percent threshold was in 2000, during a ... Read More »