Economic rebound since 2009 was anchored by mining and agriculture, with mining emerging as the most dynamic sector. The country experienced a slowdown in economic growth from 2014 sparked by falling oil prices and the effects of the ukrainian crisis the countrys currency was devalued by 19% in 2014 and by 22% in 2015. China economic outlook first quarter 2016 a global outlook of anae 2 mic and more fragile growth the intensification during the last quarter of 2015 of some of the risk clusters with a global impact led to a further downward revision of world economic growth forecasts for this year. Nus rmi quarterly credit report, q22015 6 russian companies the rmicri aggregate 1year pd for russian companies increased dramatically during q2, re. Recent economic developments1 ms deborah tan senior economist, domestic economy division economic surveillance and forecasting department monetary authority of singapore mas 1. The 2016 economic outlook, hosted by calgary economic development and atb financial provided information to help calgary business leaders understand the current economic. Growth in the share of the ict sectors value added in gdp. Nus university of singapore is ranked consistently as one of the worlds top universities. First, while you cannot predict your future, you have control over some parts. Although gross domestic product gdp growth was in low gear, employment situation remained relatively robust, with unemployment rate slightly above 3%. Unlike its broadly stable labour market, hong kongs property market had weakened in 2015, as price and rental indices for both residential and office space stagnated and trading activities mostly quietened. Terrible march jobs report as viral recession hammers labor market. The department of economics, nus has an established reputation as one of the largest and leading departments of economics in the asiapacific region.
The economic recovery, such as it was, has been over for a year. This report assesses how countries can maximise the potential of the digital economy as a driver for innovation and inclusive growth, and. The weak shortterm growth outlook raises concerns for the labour markets, where a further rise in the already high unemployment rate next year appears likely. After trailing the nation and state during 20, san diegos economic momen tum is estimated to have accel. We offer the most extensive college degree courses in singapore. Microsoft word eaibb 1098taiwan economy outlook 2015. Asean energy market integration aemi energy security and connectivity. Congressional budget office cbo an update to the budget and economic outlook. This aedc 3year economic outlook examines economic trends based on historical. I would like to share with you the core messages of the oecds latest economic outlook, before handing over to alvaro pereira, director in the economics department, to provide more details. The digital economy outlook 2015 has been prepared by the oecd. Adnan shihabeldin middle east centre national university of singapore 22nd september 2015. Sharpest slowdowns in countries with close trade links to china andor dependent on commodities gdp projections for oecd economies changed little compared to brics. Economic outlook february 2019 3 economic activity realtime economic momentum heat map source bbva research below average above average improving manufacturing sentiment on less negative views on domestic demand and thawing trade tensions small business optimism continues declining on concerns about future economic growth.
Since the change of government in january 2015, from the. Forecasts can be carried out at a high level of aggregationfor example for gdp, inflation, unemployment or the fiscal deficitor at a more disaggregated level, for specific sectors of the economy or even specific firms. There are a number of political and economic definitions of working class, and, as the nature of work has changed, they have also changed. Oecd ilibrary oecd economic outlook, volume 2015 issue 1. It is the lowest rate since november 2014 and came in. Nus rmicri quarterly credit report, q32015 7 the russian unemployment rate decreased to 5. Gdp strengthened more than previously estimated in q4 thanks to robust growth in the services and construction sectors. Economic forecasting is the process of making predictions about the economy.
Launch of the oecd economic outlook, november 2015 oecd. National university of singapore nus centre for international law. Emerging economies saw a weakening in their growth momentum, while the rebound in the us was unable to fully compensate for more subdued. The future of the us security umbrella for sea lines of. Updated twice a year, the economic and financial outlook presents an overall picture of the state of the international economy. If youre wealthy, 2015 will probably be another year of celebratory wealth creation so know is the best time to learn how to manifest wealth. Data and research on economy including economic outlooks, analysis and forecasts, country surveys, monetary and financial issues, public finance and fiscal policy and productivity. The relatively lax economy also weighed on hong kongs financial sector. African economic outlook 2015 african development bank. This publication evolved from the southeast asian economic outlook. Summary financial markets in latin america continued to show significant gains in the past few months.
This 14th edition analyses regional development and spatial inclusion challenges faced by the continent. In 2017, the world economic forum compiled its global competitiveness ranking ranking kazakhstan 57th out of 144 countries. Afdb, oecd, undp 2015 african economic outlook 5 editorial africas gross domestic product grew on average by 3. Oecd digital economy outlook 2015 european commission. The annual african economic outlook aeo is an essential reference. Adnan shihabeldin middle east centre national university. On the other hand, the downturn in the manufacturing sector intensified on a lingering. Fulltime placement info ucla anderson school of management. Economic outlook latin america 2nd quarter 2017 3 1. The twentyfifth singapore economic roundtable lee kuan yew. Jul 07, 2015 accountancy graduands at nus main commencement ceremony yesterday. Emerging economies saw a weakening in their growth momentum, while.
They do not represent an official position of the federal reserve bank of richmond or the federal reserve system. Economic surveillance and forecasting department monetary authority of singapore mas 1. In its mission to nurture engineerleaders with global outlook. Stateowned enterprises in singapore historical insights into. Unless otherwise indicated the texts are published under the responsibility of the directorategeneral for economic and financial affairs of the european commission to. Contributory factors included reduced concerns about us economic policies and the perception that the us federal reserves interest rate hikes will be gradual. Pncs economic releases provide analysis of the days major economic indicators and breaking news and how that news or data will shape the overall economic outlook and financial market trends. Singapore economy gdp, inflation, cpi and interest rate.
The iseasyusof ishak institute is a leading research centre dedicated to the study of sociopolitical, security, and economic trends and developments in southeast asia and its wider geostrategic and economic environment. The african economic outlook 2015 analyses africas growing role in the world economy and predicts the continents twoyear prospects in crucial areas. Cbo notes unless otherwise indicated, all years referred to in describing the budget outlook are federal fiscal years, which run from october 1 to september 30. Nus poverty commission aims to address barriers working class students face in regards to access. Economic outlook for southeast asia, china and india 2020 oecd. Pendulum swings toward us economy supporting global growth the outlook for the global economy was muddied over the summer as the emerging market economies, led by china, weakened. Challenges in transitioning to sustainable development under low oil price environment dr. This 14th edition analyses regional development and spatial inclusion challenges faced. After trailing the nation and state during 20, san diegos economic momentum is estimated to have accelerated in 2014. On the other hand, the downturn in the manufacturing sector intensified on a lingering global tech slump and protracted trade tensions.
The views and opinions expressed herein are those of the author. Forecasts can be carried out at a high level of aggregationfor example for gdp, inflation, unemployment or the fiscal deficitor at a more disaggregated level, for specific sectors of the economy or even specific firms many institutions engage in economic forecasting. Notably, economic activity in the us and japan was partly dampened by weather. Economic outlook 2015 overview the rural industries and fisheries in the northern territory include cattle interstate and live export, other livestock buffalo, crocodiles and horses, horticulture fruit, vegetables, nursery and cut flowers and mixed farming field crops, hay and seeds, and forestry.
Economic outlook for singapore and implications for. China economic outlook first quarter 2016 a global outlook of anae 2 mic and more fragile growth the intensification during the last quarter of 2015 of some of the risk clusters with a global impact led to a further downward revision of world economic growth forecasts for. Org volume tenissue one i n 2015 san diego is projected to outpace economic growth in the rest of california and the u. The rule of law, investment treaties and economic growth ssrn. Economic outlook no 97 june 2015 oecd annual projections economic outlook no 96 november 2014 oecd annual projections economic outlook no 95 may 2014 longterm baseline projections. Nonoil growth is expected to accelerate to 6% as the governments new policies in the agriculture sector and the promotion of agribusiness begin to take effect.
Pdf 97815515397 epub 97815574899 mobi the world economic outlook weo is a survey by the imf staff published twice a. World economic outlook international monetary fund. It also includes forecasts for the major economic and financial variables, as well as indepth analyses of the different factors. Contributory factors included reduced concerns about us economic policies and the perception.
Value added in communications services as a share of gdp. Economic outlook no 97 june 2015 oecd annual projections. Nus libraries home national university of singapore. If youre wealthy, 2015 will probably be another year of celebratory wealth creation so know is the best time to learn how to manifest wealth if, on the other hand, youre not, 2015 will feel an awful lot like 2014, 20, 2012, 2011, 2010, and 2009. The economic outlook eo database includes a comprehensive and consistent set of macroeconomic data for the 36 oecd countries and 11 nonoecd countries argentina, brazil, bulgaria, china, colombia, costa rica, india, indonesia romania, russia, south. Acknowledgments the authors are grateful to all those who took part in the workshop, the future of sea lane security between the middle east and southeast asia, held in singapore from 2224 june 2015. In employment, the job market in 2015 left much to be desired.
Ucla anderson forecast is one of the most widely watched and oftencited economic outlooks for california and the nation and was unique in predicting both the seriousness of the early1990s downturn in california and the strength of the states rebound since 1993. He said that while the outlook for the region is stable and positive, it faces threats such as terrorism, extremism, cybersecurity, natural disaster and other transnational. Notably, economic activity in the us and japan was partly dampened by. Revisions to the oecd economic outlook projections between june and november 2015 growth has been revised down sharply sources. National university of singapore institute of policy studies. Jan, 2017 slow growth, low economic participation, and a high cost of living are the foremost economic trends as the calendar changes to 2017. Looking at 2015s gdp growth, manufacturing contracted in the face of a more challenging global.
The african economic outlook 2015 is the 14th edition of this annual report which. However, the change in government in january 2015 has had no positive impact on trade. It also includes forecasts for the major economic and financial variables, as well as indepth analyses of the different factors that can affect your investments. The singapore economic roundtable the singapore economic roundtable ser is a forum of leading economists, policy makers and business leaders who gather twice a year to discuss important. World economic outlook, october 2015 world economic outlook adjusting to lower commodity prices world economic outlook adjusting to lower commodity prices. May 07, 2015 national economic outlook virginia asian chamber of commerce. National economic outlook virginia asian chamber of commerce.
Economic and financial market outlook balancing act. Since independence in 1980, zimbabwe has implemented no less than 15. In mid2015, about 55% of officially registered garment firms in myanmar. Bold reforms are needed to prevent a prolonged period of high unemployment, which would bring social.
Taiwans economic growth is not strong enough to allow a strong currency 9. Singapores higher education cluster institute for strategy. The outlook puts forward a consistent set of projections for output, employment, prices, fiscal and current account balances. It provides essential concepts and tools to appreciate, analyse and evaluate economic growth, inflation, government monetary and fiscal. The world economic outlook weo is a survey by the imf. This paper takes a hard look at subsaharan africas economic growth. Inflation also registered continual decline, from over 5% in october 2014 to 2. For the period januaryoctober, unemployment rate stood at 4.
Locally, social welfare spending remained a burden to taiwans economy in 2015. Oecd june and november 2015 economic outlook databases. The revised forecast, which incorporates data reflecting a rapidly changing u. Other indicators described in this forecast also suggest underlying economic strength. National university of singapore nus is a leading global. Economic and financial market outlook september 2015 balancing act. Slow growth, low economic participation, and a high cost of living are the foremost economic trends as the calendar changes to 2017. Stateowned enterprises in singapore historical insights. It is the lowest rate since november 2014 and came in below market expectations.
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