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Tag Archives: economic growth

Anchoring expectations as Two Sessions’ main objective

Interestingly, the growth target for 2021 is pretty humble: over 6 percent for 2021, while most forecasts hover between 7 and 10 percent. This opinion piece was originally published in China Focus. After a very unpredictable and difficult 2020, this year’s Two Sessions in China – the National People’s Congress (NPC) and the National Committee of the Chinese People’s Political Consultative Conference (CPPCC) – which have started with the traditional government work report has mainly aimed...

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The Economic growth and income distribution implications of public spending and tax decisions

European Union countries can reduce inequality of opportunity through public spending and tax decisions. Broadly, the most effective approach includes progressive taxes and inheritance taxes, spending on education, health and public infrastructure, and better government effectiveness. Better fiscal rules and institutions also increase resilience against crises. By: Zsolt Darvas Date: October 19, 2020 Topic: European Macroeconomics & Governance The level and composition of...

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Slow economic growth is a sign of success

A country’s growth rate is often viewed as a key indicator of its economic health, but should this be the case? Dietrich Vollrath writes that growth is currently slower in many developed states because of several policy successes which have led to lower fertility rates and shifted spending away from goods and toward services. We’re accustomed to looking at the growth rate of GDP to evaluate the health of our economy. Which is why the recent slowdown in growth appears so troubling. In the US,...

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Improving transport infrastructure is not a silver bullet for boosting growth

Transport infrastructure investment is a cornerstone of growth-promoting strategies in the European Union. Yet, investment in new infrastructure is not always conducive to stronger economic performance. Drawing on a recent study, Riccardo Crescenzi, Marco Di Cataldo and Andrés Rodríguez-Pose write that in contexts marked by weak and inefficient governments and widespread corruption, different types of road investments often yield low or no economic returns. Infrastructure investment has...

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Don’t give up on Europe as an investment destination

Politically, the year 2017 looks like a minefield for Europe. Economically, however, the situation is much more promising: growth and inflation continue to accelerate and in the latest indices of economic surprises Europe has been faring better than the US, writes Alberto Gallo. ECB stimulus is starting to work, unemployment is slowly falling and consumer confidence is rising. “Europe is uninvestable,” a fund manager declares, while carving a slice of roast lamb over dinner in Mayfair,...

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In the Balkans, investors operate within a devil’s circle

Promoting entrepreneurship is often viewed as a key component for generating growth in the transition economies of eastern Europe. Tim Vorley and Nick Williams write that tackling corruption has an important role in this process. Drawing on recent research in Bulgaria and Romania, they assess the challenges posed by corruption for entrepreneurs in the region, noting that the issue must be understood and tackled effectively if entrepreneurship is to have a positive and productive impact on...

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Investing in a zero carbon economy could help the EU escape secular stagnation

Although Eurozone countries have returned to growth since the financial crisis, the pace of the recovery remains relatively slow and fragile, as underlined in recent economic forecasts by the IMF and OECD. Xavier Timbeau writes that in the current economic climate Europe should view the transition to a zero carbon economy as a key investment opportunity. He notes that while developing a strategy for reducing emissions and boosting the European economy is far from straightforward, the costs...

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