Economic conditions
Morocco's economy has grown steadily over the past three years, with a 5.2 per cent growth achieved in 2003. However, the country's agricultural sector, which accounts for 18.6 per cent of GDP and employs 40 per cent of the labor force, remains a significant
Economic conditions
Kenya's economic growth has been stuck in a rut for the past seven years, with a decline in output per capita despite a growing population. The country's economic recovery has been hindered by weak growth, shy of the rate required to impact poverty levels. The International
Economic conditions
French Premier Jean-Pierre Raffarin unveiled a significant boost to the minimum wage, a 3.7% increase affecting approximately 1 million people, or half of those on the minimum wage. This move aligns with President Jacques Chirac's response to the centre-right UMP party's poor performance in regional
Economic conditions
The economic rebound in Argentina, initially seen in specific sectors, is now turning into a more general recovery. According to the government's official statistics agency, Indec, real wages, which plummeted in 2002, have begun to recover. The jobs market has also started to improve, with unemployment rates dropping
Economic conditions
Brazil's left-leaning government, led by President Luiz Inácio Lula da Silva, has made significant strides in winning over investor confidence during its first year in power. The Sao Paulo stock exchange more than doubled in dollar terms, and Brazil's sovereign bond market provided the highest return
Economic conditions
Emerging markets' efforts at economic reform have been described as "meant well, tried little, failed much" by Anne Krueger, the International Monetary Fund's (IMF) number two executive. Despite improvements in public finances over the past few decades, many emerging markets still have a long way
Economic conditions
The loss of 3 million US manufacturing jobs since July 2000 has been a pressing concern for the media, the public, and presidential candidates. However, this narrative is based on a misconception. Contrary to popular belief, these jobs have not been replaced in China or other Asian countries. Instead, manufacturing
Economic conditions
The UK's macroeconomic framework has successfully navigated the economy through the global downturn that began in 2001, with the country experiencing continuous growth throughout the period. This stability is attributed to the government's framework, which is based on transparency, responsibility, and accountability. The framework has enabled
Economic conditions
The British government, led by Chancellor Gordon Brown, has been criticized for producing an expansionary budget close to the top of the economic cycle, while simultaneously criticizing other European Union member states for similar economic policies. This article examines the fiscal policy of the UK and its implications for potential
Economic conditions
US companies are slowly emerging from the economic downturn but are still hesitant to expand their office presence overseas, defying expectations of a swift recovery in the global real estate market. Alistair Elliott, head of offices at Knight Frank, notes that only two out of the three typical signs of
Economic conditions
Bermuda's economic solidity is evident despite the devastating effects of hurricane Fabian, which caused estimated damages of between $160m and $180m and disrupted the tourism sector. The island's economy continues to register steady growth, with a gross domestic product per capita of nearly $60,000. In
Economic conditions
The global economy is experiencing significant disequilibrium due to the mispricing of US assets, leading to an artificially low national savings rate. This situation arises when the proportion of gross domestic product invested is lower in countries with rapidly increasing populations of working age, requiring higher investment ratios in these
