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India has jumped by 16 positions to 39th in the World Economic Forum’s Global Competitiveness ranking.
On Wednesday, Greek prime minister Alexis Tsipras told Reuters that the country could beat expectations and report an expansion in 2016.
The consensus among economists is that the Greek economy will expand in 2017, and in their latest Economic Outlook the OECD also stated that “growth is projected to turn positive in the second half of 2016”. Positive trends are already visible, yet it might be too soon to call this the beginning of a recovery. Read more
Support for Italy’s populist Five Star Movement rose over the past year and neared that of the centre-left party of premier Matteo Renzi. But the paralysis that followed the election of Virginia Raggi as Rome’s mayor reversed the trend.
How is a country’s wealth affected by removing its capital city? The Cologne Institute for Economic Research set to find out.
Factoring out London and its residents, the 2014 per capita GDP fell by 11 percent. Nearly one out of every four pounds of the British GDP is earned in its capital city. Read more
The US Census Bureau delivered an unexpectedly rosy report on poverty and incomes, which showed the biggest improvement in decades on both fronts. The median household income in 2015 was $56,500, up 5.2 per cent from the previous year, the largest single-year increase since records began.
Britain’s unemployment-to-vacancy ratio for April to June 2016 dipped to its lowest level since the start of 2005, below its pre-downturn average. According to the Office for National Statistics this may reflect a tightening of the labour market.
The US Treasury Department has run a census of same-sex couples three years after the Supreme Court gave them federal recognition.
Using figures from tax returns jointly filed by same-sex couples in 2014 with their Social Security records, researchers found there were 183,280 same-sex marriages in the US that year – equivalent to roughly 0.33 percent of all marriages. Read more
Theresa May, Britain’s prime minister, announced on Friday the expansions of grammar schools. Read more
OECD composite leading indicators point to economic growth picking up in Brazil. The index is based on historical measures including manufacturing production, trade and order book data to gauge short-term future economic activity. Brazil’s July reading surpassed 100, which indicates the long-term trend.
Asia is the world’s most crowded region, with about 142 people per square kilometre, more than double the global figure. African density has doubled in the last 20 years and the continent is now more crowded than Europe and Latin America. Read more
Turkish, Romanian and Nigerian migrants are the least welcome in the UK, according to a recent survey of 1,668 Britons from YouGov, which put migrants from Ireland, the US, Canada and Australia at the top.
The survey asked whether more immigrants from a number of countries should be allowed into the UK, versus the same amount, less, or none at all. A net figure was then derived from each answer. Read more