The state of global economy and its future advancements

The state of global economy and its future advancements

Posted by on Nov 10, 2017 in Economy | 0 comments

The global economy has moved away from the edge of the cliff. With short-term prospects clearly improving compared to the situation at the end of 2016. The world is looking stronger with indicators for most countries, suggesting firm growth during each of the coming two quarters. Activity in a few countries will remain volatile with rebounding growth expected in the first quarter and a moderation in the second.

The state of global economy and its future advancements

The situation for the three largest countries in Europe, i.e., Germany, France and Italy is anticipated to remain insubstantial with some negative growth in the 1st quarter and a moderate improvement in the second. Consumer confidence is strengthening in the US but remains low in the Euro area. Unemployment remains stubbornly high and climbing in Europe, but is falling in the US and bank lending is also moving in different directions with credit to firms recovering strongly in the US, in contrast to Europe where credit growth is starting to weaken once again.

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Emerging risks

Substantial risks remain in the Euro area. Confidence is low, yields remain high and lending activity as weak. In spite of positive action from the ECB, a lot needs to be done to boost growth and sustain the recovery beyond Europe. Other risks have emerged. Rising oil prices pose a threat to the recovery emerging markets, which have been the engine of the world economy for years are also showing signs of slowing activity.

World trade growth remains muted bearing witness to the moderation of activity in key emerging countries. The global outlook is still largely dependent on policy action in the US. The fiscal deadlock must be addressed in the Euro area. The firewall must be significantly strengthened, banks need to be recapitalized, underlying imbalances must be addressed to structural policies to boost growth. We have walked away from the cliff but more needs to be done.

Global vision of growth

The global economy is expected to grow by 3% annually over the next half-century. Growth will be much stable and faster in developing countries than in their developed counterparts of the OECD. The United States biggest economy today representing 23% of global economic activity. GDP will shrink to 18 percent by 2030 and just 17% in 2060. China which produces about 17% of global GDP, is expected to pass the US to become the world’s biggest economy.

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Population aging

Population aging, on the other hand, is expected to drag down growth in many countries. The Euro area is the world’s second-leading economy with 17% of global GDP as the number of active Europeans declines. Europe share of the world economy will drop to 12 percent by 2030 and just 9% by 2060. Japan which accounts for 7% of world GDP today faces the same challenges. Its aging population will push its share of global GDP down to 4% by 2030 and just 3% by 2060. Today the 34 country OECD represents 65% of global GDP.

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Financial Management

Financial Management

Posted by on Jun 6, 2017 in Finance | 0 comments

How To Become Better At Managing Finances

For some people, it can be particularly difficult to manage their finances. Being that some people have more difficulties with managing their finances than others, it will certainly be useful that I share some of my experiences with you, as not only that I belong to those people who are good at managing their finances, but I have also have substantial experience in finances and economics.

Follow These Steps:

finances

Working On Yourself

The first thing you should work on is admitting your flaws and trying to improve. I know too many people who, despite their debts and bad credit, seem to deny that they are not good at managing their finances.

The first step to improving is admitting that you have problems with managing your finances. Do not wait to experience bankruptcy in order to take full control over your finances and start behaving in a responsible way.

Another step that you can take is to make yourself more productive, especially at work so you will be able to earn more money. If you are losing your focus or concentration because you feel sleepy, you can buy Modafinil, which is a drug that can help you fight sleep work disorder. It also works the same way as nootropics do.

Basic Principle

SpendLess400x400-400x400You can very well ask a five-year-old and even a child will be able to give you the right principle on how to save. Are you ready?

The basic principle is to spend less than you earn, or earn more. That being said, not everyone is able to earn more, and sometimes in order to start a business or invest money, you have to spend some of your savings.

Therefore, not everything is so black and white when it comes to financial matters.

Spending Money

Another aspect is definitely how you spend your money. We all know that if you want to be financially responsible, you should not splurge if you cannot afford it, and you should try to save money where you can.

Therefore, a certain lifestyle will require that a person spends more money, but all these pleasures, splurges and indulgences are not essential to your survival, are they?

A luxurious lifestyle might not be the best way to live your life, if you want to save money and manage your finance better.101913928-94989168.530x298

Investing Money

Try to look at money as means of making investments. If you, for example, use your money to buy shareholder stocks and their value increases over a period of time, you are certainly making a great investment.

However, if you spend your money on a holiday in the Bahamas, you will get some great memories and a perfect tan, but essentially you have just spent your money without making something out of it.

If every dollar you make can make a dollar, would not that be great? Make sure you are wise with spending your money and really consider all the options of investing.

Memories And Experiences

That being said, some people save money all their lives and then realize that they haven’t had a holiday in years. They do not have any experiences and their lives were so monotonous that each day was the same.

Well, in order for this not to happen to you, make sure you spend your time and money so that you can also make valuable memories and experiences and live a life worth living!

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Finances – Economy Essentials

Finances – Economy Essentials

Posted by on Apr 25, 2016 in Economy, Finance | 0 comments

Improve Your Finances

If you want to gather more information and learn tips about finance and money, you are definitely on the right place! Read more about finances, learn how to manage your finance and how to use your resources today, so that you can have a better life tomorrow!

In this article you will find a ton of useful tips and advice that will definitely help you with financial matters. This blog will be rather useful to just about anyone who would like to learn more about finances and economy in general.

Financial Tips

Saving Money And Managing Your Resources

There are numerous ways in which you can become better at managing your resources and start saving money. Of course, the math behind it is pretty simple, so much so, that even an eight-year-old would be able to tell you the underlying principle of saving money, and that is to spend less or simply earn more. blogpost.jpeg

While there are numerous ways to do both, for some people it can be impossible to earn more while some that are able to earn more cannot stop themselves from spending so they end up spending even more!

Therefore, it is important that you practice self-control and really start thinking about your finances from a different point of view. Let’s imagine for a moment you look at every dollar you spend as an investment. Is this investment worth this much money? Will you profit in the long run, or are you just throwing your money?

Splurging and luxury should be saved for special occasions only, that is, if you want to save money. In addition to that, start considering strategies that will help you earn more, or investing your money in such a way that you are able to make more money over time.

This is why you should visit your bank and consider to save money in a bank, so that you can save money and earn money while doing so.

Loans And Credit

That being said, if you are headed off to a bank, before you do so, you should put in some effort into researching, reading and learning more about credits and loans. Learn more about how all the system functions and also learn the terminology which is used. This will help you understand more about what your bank has to offer and it will help you choose the right bank and make the right decision.

Let’s start from the word credit, which is so often thrown around. Credit is simply the reputation that you have with your bank as someone who is a potential loan user or borrower. 465856505Your bank should be interested in learning about your credit reputation, since this will tell them whether or not they should in fact borrow you their money.

Remember, your bank is looking for ways to invest their money and your history of taking loans or borrowing money, gives your bank sufficient information whether you are the best opportunity for them to invest their finances. A lot of people get discouraged with their bad credit, believing they will never be able to get another loan. However, even if you have a bad credit you can still get a loan, although not all bank clerks will so eager to give you one.

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