Real GDP growth will be slower in Georgia in 2015

2015 ◽  
Keyword(s):  
Economic Performance ◽  
Negative Impact ◽  
Domestic Demand ◽  
Export Market ◽  
Gdp Growth ◽  
The Caucasus ◽  
Content Type ◽  
Real Gdp ◽  
Important Trading Partner ◽  
Remittance Flows

Subject Worsening economic prospects in 2015. Significance Georgia has already started to be affected by the substantial deterioration in Russia's economic performance and the steep depreciation of the ruble against major currencies, particularly in the final quarter of 2014. Russia became Georgia's third-most-important trading partner in 2014, and remittance flows from Russia are an important source of foreign exchange. Currencies in the Caucasus and Central Asia have faced depreciation pressures, with Turkmenistan forced to devalue its currency on January 1, followed by Azerbaijan on February 21. Impacts Domestic demand will fall this year, as remittance flows weaken. The devaluation of Azerbaijan's manat in late February will have a negative impact on exports, as it is Georgia's top export market. If Western sanctions against Russia are not lifted in July, as expected, this will worsen the outlook for the Georgian economy.

Peruvian growth will again disappoint this year

2019 ◽  
Keyword(s):  
Foreign Investment ◽  
Public Investment ◽  
Domestic Demand ◽  
Balance Of Payments ◽  
Export Market ◽  
Gdp Growth ◽  
Content Type ◽  
High Level ◽  
Poverty Levels ◽  
Roll Back

Subject Outlook for Peruvian growth. Significance With both external and domestic demand ebbing in the first few months of 2019, forecasters are reducing their estimates for GDP growth in 2019. Peru is exposed to a slowdown in growth in China, since it is by far its biggest export market and the main source of foreign investment. Public investment also appears to be slower than in previous years. Impacts Slower growth will impact negatively on employment and risk pushing up poverty levels. Business groups will increase their pressure on government to roll back social legislation on matters like labour stability. The relatively high level of reserves will cushion Peru from balance of payments pressures.

The macroeconomic effects of increase and decrease in oil prices: evidences of asymmetric effects from India

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Anver Chittangadan Sadath ◽  
Rajesh Herolli Acharya
Keyword(s):  
Negative Impact ◽  
Wholesale Price ◽  
Oil Prices ◽  
Petroleum Products ◽  
Oil Price ◽  
Content Type ◽  
Macroeconomic Variables ◽  
Real Gdp ◽  
Oil Price Shock ◽  
Price Shock

Purpose The purpose of this paper is to assess whether oil price shocks emanating from oil price increase and decrease have a different impact on the macroeconomic activity. Design/methodology/approach This study conducts the empirical analysis using structural vector auto-regressive model on Indian data for the period from 1996 to 2017. This paper uses four key macroeconomic variables, namely, real gross domestic product (GDP), the real rate of interest, real money supply, wholesale price index inflation and various linear and non-linear measures of oil price shock. Findings Empirical results confirm that oil price shock has a significant impact on various macroeconomic variables used in the study. Specifically, shocks emanating from a decline in oil price have a stronger positive impact on real GDP, whereas, a shock due to the rise in oil price has a weaker negative impact on real GDP. Impulse responses confirm that shocks due to a decline in oil prices are long-lasting compared to similar shocks due to a rise in oil prices. Therefore, this study concludes that the macroeconomic impact of oil price shock is asymmetric in India. Originality/value This paper adds the following new insights: First, this paper presents a distinct relationship between the growth rate of oil price and GDP during increasing and decreasing phases of oil price to drive home the case for this study. Second, India has adopted crucial administrative initiatives such as deregulation of the market for petroleum products and the promotion of renewable energy during the study period. Finally, previous studies have revealed specific behavioral and economic features of people in India with respect to the demand for petroleum products. In light of these factors, this paper based on Indian experience would be justified.

Creative approaches for generating growth using minimal resources

2020 ◽  
Vol 36 (12) ◽  
pp. 9-10
Keyword(s):  
International Business ◽  
Design Methodology ◽  
Business Models ◽  
Negative Impact ◽  
Export Market ◽  
Content Type ◽  
Pertinent Information ◽  
Industry Experience ◽  
Positive Effect ◽  
Practical Implications

Purpose This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies. Design/methodology/approach This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings This research paper clarifies that a coopetition-oriented mindset does drive coopetition-oriented behaviors. The results reveal that industry experience has a negative impact on the manifestation of coopetition-oriented behaviors, due a risk-related reticence in choosing suitable coopetition partners. Engaging in internationalization – for example, by partnering with a competitor to enter a foreign export market – with a coopetition-oriented mindset, has the positive effect of yielding further coopetition-oriented behaviors. Organizations involved in international business models are therefore more likely to partake in coopetition strategies. Originality/value The briefing saves busy executives, strategists and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Optimizing environmental expenditures for maximizing economic performance

2016 ◽  
Vol 54 (10) ◽  
pp. 2544-2561 ◽  
Author(s):  
Nitish Singh ◽  
Jieqiong Ma ◽  
Jie Yang
Keyword(s):  
Economic Performance ◽  
Negative Impact ◽  
Positive Impact ◽  
Raw Materials ◽  
Pollution Prevention ◽  
Global Reporting Initiative ◽  
Resource Based View ◽  
Content Type ◽  
Product Stewardship ◽  
New Perspective

Purpose Corporate environmental expenditure has been a growing concern in recent years, yet mixed findings exist regarding its economic impact. The purpose of this paper is to explain the mixed relationship between environmental expenditure and economic performance from the natural-resource-based view. Design/methodology/approach Using Global Reporting Initiative survey data from 120 firms in 30 countries, this study uses PROCESS, a path-based analysis software, to test the moderation and mediation hypotheses in an integrated analytical model. Findings The findings show that environmental expenditure has a negative impact on economic performance through pollution prevention capability. In contrast, environmental expenditure has a positive impact on economic performance through product stewardship capability. Both effects are significantly strengthened when the firm is located in an environmentally munificent country. Practical implications This study intends to inform firm managers, especially those in environmentally munificent countries, to relocate their environmental expenditure to enhance firms’ economic performance. In particular, firms should focus more on the reduction of input, such as raw materials, energy, and water, instead of output, including emissions, effluents, and wastes. Originality/value The contrasting indirect effects of pollution prevention and product stewardship offer a viable explanation for the mixed findings in the existent literature on environmental expenditure from a new perspective.

Development Growth Models for Singapore and Malaysia: A Geweke Causality Analysis

2015 ◽  
Vol 8 (2) ◽  
pp. 165-186 ◽  
Author(s):  
Tan Khee Giap ◽  
Nguyen Le Phuong Anh ◽  
Ye Ye Denise
Keyword(s):  
Economic Growth ◽  
Linear Dependence ◽  
Growth Models ◽  
Growth Dynamics ◽  
Gdp Growth ◽  
Multiple Time ◽  
Causality Analysis ◽  
Content Type ◽  
Real Gdp ◽  
Long Run

Purpose Nearly five decades after undergoing a structural transformation and navigating several external shocks, both Singapore and Malaysia are now grappling with some crucial policy challenges that necessitate a course-correction in order to sustain their growth momentum, going forward. In light of the renewed interest in understanding the growth constraints faced by the two countries, this paper aims to empirically explore the drivers of economic growth in both Singapore and Malaysia, using data from 1975 to 2012. Design/methodology/approach The paper employs a novel empirical approach-the Geweke causality analysis-to investigate the causal drivers of economic growth in Singapore and Malaysia. Intuitively, the Geweke causality analysis helps us understand and measure the linear dependence and feedback between multiple time series variables. To that effect, we perform both a bi-variate as well as a multi-variate causality analysis. Findings The empirical results established using Geweke causality analysis suggest that Malaysia's new development trajectory should lie in rebalancing the economy toward greater domestic demand and building a robust services sector. The results also suggest that Singapore, on the other hand, should embrace a growth model that goes beyond relying heavily on foreign direct investment (FDI) as a source of economic growth as the linear dependence between FDI and real GDP growth appears to be weaker compared to the linear dependence between the remaining variables and the real GDP growth. Originality/value While the traditional growth accounting framework provides useful insights at the aggregate level, there is a growing literature that discusses the importance of sectoral analysis to understand structural transformations in the economies which become important to sustain productivity growth in the long-run. This is immensely relevant in the case of Malaysia and Singapore, as well, especially with the changing policy focus in these countries to overcome structural growth issues. In light of this growing discussion on the importance of understanding the growth dynamics at the sectoral level, this paper presents new empirical evidence on the growth drivers in Singapore and Malaysia with a sectoral focus.

Thai junta's 2015 growth forecast to prove optimistic

2015 ◽  
Keyword(s):  
Fiscal Policy ◽  
Household Consumption ◽  
Domestic Demand ◽  
Export Growth ◽  
Gdp Growth ◽  
Content Type ◽  
The Third ◽  
The Military ◽  
Economic Outlook

Subject 2015 economic outlook. Significance According to the Ministry of Finance's Fiscal Policy Office, GDP growth slowed to between 1.2% and 1.7% in 2014 from 2.9% in 2013. Data released by the Bank of Thailand on December 30 suggest that the final figure is likely to be at the lower end of the range. Recovery in the fourth quarter was modest (at an estimated 1.0%) against 0.6% in the third. The military-backed government forecasts 4.1% GDP growth this year, assuming more tourists, higher domestic demand, export growth and rapid implementation of infrastructure plans. Impacts Sluggish growth will intensify calls for elections, but the junta will not relent, especially until the royal transition has been secured. The 2014 coup may not be the last; this will maintain the long-term contractual risks for investors. Political instability could return by end-2015, dampening household consumption.

Greek economy could slip into recession again

2017 ◽  
Keyword(s):  
Private Investment ◽  
The United States ◽  
Gdp Growth ◽  
Investment Climate ◽  
Content Type ◽  
Goods And Services ◽  
Real Gdp ◽  
Greek Economy ◽  
Target Set ◽  
The Government

Subject Greece’s stagnating economy. Significance The economy failed to turn a corner in 2016, registering zero real GDP growth. The ambitious 2.7% GDP growth target, set for 2017 by the government and Greece’s lenders, now looks hard to achieve. However, the economy’s stabilisation, albeit at a level much lower than before the crisis, is evident. Impacts A swift end to the bailout review might lift uncertainty and improve the investment climate, allowing both domestic and private investment. Inclusion into the ECB’s quantitative easing programme would help inject additional liquidity into the economy, stimulating credit growth. Over the medium term, rising protectionism in the United States and Europe might restrict trade, reducing Greek goods and services exports.

Indonesia's new cabinet gives modest boost to economy

2015 ◽  
Keyword(s):  
Economic Performance ◽  
Central Government ◽  
Gdp Growth ◽  
Content Type ◽  
Investor Confidence ◽  
Vested Interests ◽  
Precipitous Decline ◽  
Resource Sector

Significance In a long-awaited move to stimulate the economy and restore investor confidence, Jokowi replaced five ministers and reassigned one. The reshuffle is not surprising given Indonesia's sub-par economic performance (4.7% GDP growth in the second quarter and 4.6% in the first); a precipitous decline of its currency (the rupiah has hit a 15-year low); a stalled infrastructure drive; and the declining popularity of the president. Impacts Central government infrastructure spending is likely to rise, boosting growth by late 2015 and early 2016. Vested interests within government will impede Jokowi's attempt to curb corruption, but future scandals will erode his popularity. Prospects for overhauling military-executive ties are grim despite the military's links to illicit activities in the resource sector.

Lack of people may be Russia's greatest challenge

2018 ◽  
Keyword(s):  
Central Asia ◽  
Labour Productivity ◽  
Premature Death ◽  
Gdp Growth ◽  
Retirement Age ◽  
The Caucasus ◽  
Content Type ◽  
Working People ◽  
Growth Prospects ◽  
Vladimir Putin

Significance The population is set to shrink until at least 2036. To support labour productivity as a factor for GDP growth, President Vladimir Putin has set out plans to encourage families and reduce premature death that may realistically slow but not reverse the trend. Impacts Opposition groups will try to capitalise on popular discontent provoked by impending increases in retirement age. New individual financial savings products are needed to help working people plan for future. Permanent immigration from Central Asia and the Caucasus will deplete those countries' labour forces, harming growth prospects.

Switzerland is facing growth decline in 2019

2019 ◽  
Keyword(s):  
Economic Performance ◽  
Oil Price ◽  
Trade Surplus ◽  
Content Type ◽  
The Third ◽  
The United Kingdom ◽  
Real Gdp ◽  
Growth Decline ◽  
The One ◽  
Trade And Investment

Subject Switzerland economic performance. Significance Swiss GDP growth flourished over the one-and-a-half-year period through mid-2018, despite increased uncertainty and manufacturing slowdown in both Europe and Asia. Growth has been boosted by net trade and investment. Such strong momentum was interrupted in the third quarter, when real GDP contracted by 0.2% quarter-on-quarter. Meanwhile, other European countries, such as Germany and Italy, experienced a downturn. Impacts The trade surplus peaked in 2013 at 12.1% of GDP and should fall to 7.0% in 2022, as the franc strengthens. Inflation will average 0.9% in 2018 and 0.7% in 2019, as the economy slows and the oil price is down. If Brexit happens, Switzerland and the United Kingdom will have to sign a new trade deal.

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