Tag: economic

NEWS

IMF — Jamaican Government Could Lose Public Support

The Board of the International Monetary Fund (IMF) has warned that the Jamaican Government could lose public support for its economic program if steps are not taken to address the economic and social malaise within the country. In its recent review of Jamaica’s performance under the Stand-by Agreement, the agency noted that the government met all quantitative performance criteria and […]

NEWS

China Seeks Economic Growth By Cutting Import Tariffs

In an effort to drive economic growth, China has announced its cutting of import tariffs on a wide range of consumer goods including cashmere clothing, whiskey, avocados, mineral water, baby carriages, among many others. China has recently come under pressure from many countries including the United States and the United Kingdom for easier access to its domestic market. The cut […]

NEWS

US Federal Reserve Stand Firm

No Change in Rates in a bid to maintain its support for economic growth, the Federal Reserve has decided to keep interest rate at the current position of 0.25 percent to 0.5 percent. The Fed raised its benchmark interest rate by 25 basis points last year December for the first time in over a decade. It noted that global economic […]

COMMENTARY

President Obama Goes On The Offense: Pass A Responsible Budget Congress!

President Obama in his weekly address noted that it has been seven years now since one of Wall Street’s biggest investment banks went bankrupt; this he said triggered a meltdown on Wall Street and the worst economic crisis since the Great Depression. He further said that the months that followed, led to millions of Americans losing not only their jobs, […]

COMMENTARY

President Obama Seeks New Pathways To Economic Growth

The President in an address this week said that over the past five years more than 12 million new private sector jobs have been created, over 16 million Americans have  gained health insurance,  more jobs in clean energy,  greater number of kids graduating from high school and college than ever before. He noted, however, that in a relentlessly-changing economy, there […]

NEWS

China Set To Grow Slower In 2015

According to press report coming out from China, the country could be heading for slower growth in the New Year. The report says banks and economic experts are predicting slower but higher quality growth for China’s economy in 2015. The most recent report by Standard Chartered forecast that China’s GDP will decelerate to 7.1 percent in 2015 from an expected […]