Economic policy http://www.globalpost.com/taxonomy/term/24170/all en Croatia sees no 2014 growth under new deficit cutting plan http://www.globalpost.com/dispatch/news/afp/140417/croatia-sees-no-2014-growth-under-new-deficit-cutting-plan <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>EU's newest member Croatia on Thursday announced new measures to bring its deficit target in line with Brussels demands but warned they could hamper already anaemic economic growth.</p> <p>Finance Minister Slavko Linic said the new measures, including higher taxes on petrol and telecoms, should cut the country's budget deficit by 0.4 percentage points to 4.1 percent of gross domestic product (GDP). </p> <p>But he warned that they could stifle growth, adding that Zagreb now expect the country's economy to stagnate again this year after cutting its previous 0.2 percent forecast.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2014.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/140417/croatia-sees-no-2014-growth-under-new-deficit-cutting-plan" target="_blank">read more</a></p> Business Economic policy Fiscal policy Government budget deficit AFP Thu, 17 Apr 2014 13:04:08 +0000 Agence France-Presse 6123990 at http://www.globalpost.com Kuroda hints at further monetary easing to achieve BOJ inflation target http://www.globalpost.com/dispatch/news/kyodo-news-international/140415/kuroda-hints-at-further-monetary-easing-achieve-boj-in <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Kyodo News International </div> </div> </div> <!--paging_filter--><p> Bank of Japan Governor Haruhiko Kuroda on Tuesday expressed his determination to achieve the central bank's inflation target, suggesting the BOJ may decide on additional monetary easing to boost the economy.</p> <p> "When needed, we will adjust (our policy) without any hesitation," Kuroda told reporters after meeting with Prime Minister Shinzo Abe, adding to speculation over the central bank's actions in the near future to address the possible negative economic impact of the recent sales tax hike.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p>Copyright 2014 Kyodo News International.</p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/kyodo-news-international/140415/kuroda-hints-at-further-monetary-easing-achieve-boj-in" target="_blank">read more</a></p> Bank of Japan Business Economic policy Economics Haruhiko Kuroda Macroeconomics Kyodo News International Tue, 15 Apr 2014 13:13:58 +0000 Kyodo News International 6122011 at http://www.globalpost.com Kuroda hints at more monetary easing to achieve BOJ's inflation target http://www.globalpost.com/dispatch/news/kyodo-news-international/140415/kuroda-hints-at-more-monetary-easing-achieve-bojs-infl <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Kyodo News International </div> </div> </div> <!--paging_filter--><p> Bank of Japan Governor Haruhiko Kuroda on Tuesday expressed his determination to achieve the central bank's inflation target, suggesting the BOJ may decide on additional monetary easing to boost the economy.</p> <p> "When needed, we will adjust (our policy) without any hesitation," Kuroda told reporters after meeting with Prime Minister Shinzo Abe, adding to speculation over the bank's actions in the near future to address the possible negative impact on the economy of the recent sales tax hike.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p>Copyright 2014 Kyodo News International.</p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/kyodo-news-international/140415/kuroda-hints-at-more-monetary-easing-achieve-bojs-infl" target="_blank">read more</a></p> Bank of Japan Business Economic policy Economics Haruhiko Kuroda Macroeconomics Kyodo News International Tue, 15 Apr 2014 13:09:16 +0000 Kyodo News International 6121997 at http://www.globalpost.com CBO: Deficits to drift lower on lower costs for health subsidies, Medicare http://www.globalpost.com/dispatch/news/the-canadian-press/140414/cbo-deficits-drift-lower-lower-costs-health-subsidies-medica <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>WASHINGTON - A congressional report released Monday predicts slightly smaller deficits both this year and over the coming decade, with lower spending on federal health care spending being the main reason.</p> <p>A Congressional Budget Office report Monday said this year's deficit will now be $492 billion, $23 billion less than previously estimated. Last year's deficit registered $680 billion, the first year in President Barack Obama's tenure that the deficit was less than $1 trillion.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2014 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/140414/cbo-deficits-drift-lower-lower-costs-health-subsidies-medica" target="_blank">read more</a></p> Business Economic policy Government Health Labor Presidency of Barack Obama Social Issues The Canadian Press Mon, 14 Apr 2014 21:05:16 +0000 The Canadian Press 6121506 at http://www.globalpost.com Bank of England holds key interest rate at 0.50% http://www.globalpost.com/dispatch/news/afp/140410/bank-england-holds-key-interest-rate-at-050 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The Bank of England held its main interest rate at a record-low of 0.50 percent, it announced on Thursday.</p> <p>The central bank added that its Monetary Policy Committee agreed to keep its quantitative easing stimulus at £375 billion ($628 billion, 455 billion euros).</p> <p>rfj/bcp/hd</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2014.</span></a></p> </div> </div> </div> Economic policy Economics Macroeconomics AFP Thu, 10 Apr 2014 12:32:40 +0000 Agence France-Presse 6118027 at http://www.globalpost.com Bank of England holds key interest rate at 0.50% http://www.globalpost.com/dispatch/news/afp/140410/bank-england-holds-key-interest-rate-at-050 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The Bank of England held its main interest rate at a record-low of 0.50 percent, it announced on Thursday.</p> <p>The central bank added that its Monetary Policy Committee agreed to keep its quantitative easing stimulus at £375 billion ($628 billion, 455 billion euros).</p> <p>rfj/bcp/hd</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2014.</span></a></p> </div> </div> </div> Economic policy Economics Macroeconomics AFP Thu, 10 Apr 2014 12:32:40 +0000 Agence France-Presse 6118028 at http://www.globalpost.com Booby-trapped car explodes outside Bank of Greece http://www.globalpost.com/dispatch/news/afp/140410/booby-trapped-car-explodes-outside-bank-greece <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>A booby-trapped car exploded outside the Bank of Greece in central Athens Thursday but no one was injured in the blast, police said, as Greece was set to return to the debt markets after a four-year absence.</p> <p>The car which was parked on the sidewalk facing the central bank building blew up around 0255 GMT. The building is close to the office of Greece's international lenders.</p> <p>Police said the car, a Nissan, had been stolen and was fitted with 75 kilos (165 pounds) of explosives.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2014.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/140410/booby-trapped-car-explodes-outside-bank-greece" target="_blank">read more</a></p> Economic policy Europe European Union Technology AFP Thu, 10 Apr 2014 08:18:27 +0000 Agence France-Presse 6117868 at http://www.globalpost.com Steady stimulus taper 'likely': Fed minutes http://www.globalpost.com/dispatch/news/afp/130910/olympics-japan-vows-stand-out-games-eyes-record-haul <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Federal Reserve policy makers expect to continue the steady cutback to its stimulus program, the minutes to their March 18-19 meeting showed Wednesday.</p> <p>The members of the Federal Open Market Committee hedged their commitment on the performance of the economy, but the minutes show that, despite recent weakness, they remain on track to wind up the bond-buying program late this year.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2014.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130910/olympics-japan-vows-stand-out-games-eyes-record-haul" target="_blank">read more</a></p> Business Economic policy Economics Macroeconomics US Federal Reserve AFP Tue, 10 Sep 2013 09:47:02 +0000 Agence France-Presse 5929484 at http://www.globalpost.com S. Korea's national debt rises to 1,117 tln won http://www.globalpost.com/dispatch/news/yonhap-news-agency/140407/s-koreas-national-debt-rises-1117-tln-won <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>SEJONG, April 8 (Yonhap) -- South Korea's national debt rose to about 1,117 trillion won (US$1.06 trillion) in 2013 mainly due to increased pension liabilities, the finance ministry said Tuesday.</p> <p>According to a settlement of accounts for last year's budget compiled by the ministry and approved by the Cabinet, South Korea's national debt including the central government's debt and provisions came to 1,117.3 trillion won, up from 902.1 trillion won tallied a year earlier. This represents 78.2 percent of the country's gross domestic product.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://english.yonhapnews.co.kr" class="button wire yonhap"></a></p> <p>Copyright Yonhap News Agency, 2014. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/yonhap-news-agency/140407/s-koreas-national-debt-rises-1117-tln-won" target="_blank">read more</a></p> Economic policy Fiscal policy Government debt KRW Yonhap News Agency Tue, 08 Apr 2014 01:17:09 +0000 Yonhap News Agency 6115860 at http://www.globalpost.com China to steer clear of stimulus for economy: Xinhua commentary http://www.globalpost.com/dispatch/news/thomson-reuters/140407/china-steer-clear-stimulus-economy-xinhua-commentary <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>BEIJING (Reuters) - China is going to avoid going down the "familiar path" of resorting to large stimulus measures for the economy, and there is no sign of a shift in monetary and fiscal policy, state news agency Xinhua wrote in a commentary on Monday.</p> <p>Flagging growth has unnerved global investors and fuelled speculation about a modest stimulus package to boost activity.</p> <p>But Xinhua, in an English-language piece, dismissed speculation about any stimulus package in the offing.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2014.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/140407/china-steer-clear-stimulus-economy-xinhua-commentary" target="_blank">read more</a></p> Economic policy Fiscal policy Keynesian economics Social Issues Thomson Reuters Mon, 07 Apr 2014 13:18:52 +0000 Thomson Reuters 6115245 at http://www.globalpost.com Abe eager to use foreigners in housekeeping, nursing care fields http://www.globalpost.com/dispatch/news/kyodo-news-international/140404/abe-eager-use-foreigners-housekeeping-nursing-care-fie <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Kyodo News International </div> </div> </div> <!--paging_filter--><p> Prime Minister Shinzo Abe said Friday he is keen to see more foreign workers enter the fields of housekeeping and nursing care, adding this will make it easier for Japanese women to enter the workforce.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p>Copyright 2014 Kyodo News International.</p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/kyodo-news-international/140404/abe-eager-use-foreigners-housekeeping-nursing-care-fie" target="_blank">read more</a></p> Economic policy Fiscal policy Labor Politics Public finance Kyodo News International Fri, 04 Apr 2014 15:02:20 +0000 Kyodo News International 6113377 at http://www.globalpost.com Abe eager to use foreigners in housekeeping, nursing care fields http://www.globalpost.com/dispatch/news/kyodo-news-international/140404/abe-eager-use-foreigners-housekeeping-nursing-care-fie <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Kyodo News International </div> </div> </div> <!--paging_filter--><p> Prime Minister Shinzo Abe said Friday he is keen to see more foreign workers enter the fields of housekeeping and nursing care, adding this will make it easier for Japanese women to enter the workforce.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p>Copyright 2014 Kyodo News International.</p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/kyodo-news-international/140404/abe-eager-use-foreigners-housekeeping-nursing-care-fie" target="_blank">read more</a></p> Economic policy Fiscal policy Labor Politics Public finance Kyodo News International Fri, 04 Apr 2014 15:02:20 +0000 Kyodo News International 6113378 at http://www.globalpost.com Japan's consumption tax rate raised for 1st time in 17 years http://www.globalpost.com/dispatch/news/kyodo-news-international/140331/japans-consumption-tax-rate-raised-1st-time-17-years <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Kyodo News International </div> </div> </div> <!--paging_filter--><p> Japan's consumption tax rate was raised Tuesday for the first time in 17 years, with concern mounting that the 3-percentage-point jump to 8 percent will hurt the economy and thwart Prime Minister Shinzo Abe's attempt to beat nearly two decades of deflation.</p> <p> The first round of the two-stage tax hike is aimed at covering swelling social security costs for Japan's graying population, which would help boost government tax revenues and restore the nation's fiscal health, the worst among major industrialized economies.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p>Copyright 2014 Kyodo News International.</p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/kyodo-news-international/140331/japans-consumption-tax-rate-raised-1st-time-17-years" target="_blank">read more</a></p> Business Economic policy Economics Fiscal policy Shinzo Abe Kyodo News International Mon, 31 Mar 2014 21:32:06 +0000 Kyodo News International 6110003 at http://www.globalpost.com Japan's consumption tax raised for 1st time in 17 years http://www.globalpost.com/dispatch/news/kyodo-news-international/140401/japans-consumption-tax-raised-1st-time-17-years <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Kyodo News International </div> </div> </div> <!--paging_filter--><p> Japan's consumption tax rate was raised Tuesday for the first time in 17 years, with economic data suggesting the 3-percentage-point jump to 8 percent will hurt the economy and thwart Prime Minister Shinzo Abe's attempt to beat nearly two decades of deflation.</p> <p> The first round of the two-stage tax hike is aimed at covering swelling social security costs for Japan's graying population, which would help boost government tax revenues and restore the nation's fiscal health, the worst among major industrialized economies.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p>Copyright 2014 Kyodo News International.</p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/kyodo-news-international/140401/japans-consumption-tax-raised-1st-time-17-years" target="_blank">read more</a></p> Business Economic policy Economics Fiscal policy Shinzo Abe Kyodo News International Tue, 01 Apr 2014 08:16:59 +0000 Kyodo News International 6110217 at http://www.globalpost.com Feds turning corner in deficit fight, posts $2.16 billion surplus in January http://www.globalpost.com/dispatch/news/the-canadian-press/140328/feds-turning-corner-deficit-fight-posts-216-billion-surplus- <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>OTTAWA - The federal government appears to be turning a corner in its fight against the deficit, posting a second consecutive monthly surplus in January and ahead of its goal of meeting the $16.6 billion deficit target for the year.</p> <p>The Finance Department reported Friday that the government had taken in $2.16 billion more in revenues than it spent in January, following a $1.15 billion surplus the previous month — the best two-month performance since the recession.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2014 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/140328/feds-turning-corner-deficit-fight-posts-216-billion-surplus-" target="_blank">read more</a></p> Business Economic policy Fiscal policy Government USD The Canadian Press Fri, 28 Mar 2014 15:33:40 +0000 The Canadian Press 6107712 at http://www.globalpost.com