In the decade to 2010 working age populations in India, China and Africa all increased by similar amounts, in the current decade ending 2020 this growth will speed up in Africa, slow in India and begin to decline in China.
The weaker euro, down almost 20 per cent over the year, is paying off for German factories. In the year to June goods exports were almost 6 per cent higher than the year to June 2014
How do standard of play and level of competition vary across Europe’s top leagues, and can this tell us which provides the best football?
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During this period, inflation and unemployment rates were low, investments grew at an annual average of 12 per cent- the fastest in Europe- and the country’s budget balance was in surplus. Labour productivity was growing at a faster rate than most European countries, including peripheral economies such as Spain and Portugal. Greece was a promising place to do business, with credible monetary policies, contained increases in labour costs, social peace, decreasing restrictions on trade and a favourable tax regime. Read more
Italy leads the ranking of the Unesco world heritage sites with 45 cultural and 4 natural sites, followed by China, Spain and France.
Italy has been leading the ranking for many years, as a large part of her sites were listed in the last century including the whole historic centres of Florence, Siena, Naples, Urbino and Venice. China is a relatively new entry as 25 out of its 48 sites have been listed since 2000 including the silk roads last year and the Kaiping Diaolou and villages, multi – storeyed defensive village houses built since Ming times, listed in 2007. Considering the higher number of Chinese sites being listed recently, China is likely to overtake Italy in the very near future. Read more
China is the world’s largest producer of manufactured goods, according to the World Bank data. Comparing last year’s ranking with the year before the global crisis shows India and South Korea rising at the expense of Italy, France and the UK.
US labour underutilisation-closely monitored by the Fed- continues to improve and is now close to 2000 levels. It includes unemployed people, those working part-time because they could not find a full-time employment and people who currently are neither working nor looking for work but indicate that they want and are available for a job.
About one in six working people in Italy, Portugal and Spain is at risk of poverty or social exclusion, even more in Greece. The proportion has risen in the eurozone, with Italy and Germany registering among the biggest increases.
US egg prices have risen over 80 per cent year-on-year to the end of July as avian flu sweeps across the Midwest and Pacific northwest regions resulting in a cull of millions of egg-laying hens.
More than 49m egg-laying hens and turkeys in 15 states have been wiped out — well over 12 per cent of the country’s flock of almost 300m laying hens — by the outbreak which started in December. Read more
Markets expect an interest rate rise in the US and UK in the coming months. The Federal Reserve and the Bank of England see faster wage growth as a precondition for a rate rise. While earnings growth has been accelerating in the UK it remains flat in the US
The most popular water park in the world is in Guangzhou, China. In 2013 its visitors numbers surpass those of Disney’s Typhoon Lagoon in Orlando, Florida. However four of the worlds top-ten water parks are located in the US city.
Prospects for economic growth in big eastern European economies that are EU members have not been affected by the political problems in Russia and the Ukraine, according to Consensus Economics. The Czech Republic, Hungary, Poland and Romania are all set to grow by more than 2.5 per cent this year.
Only 63 of the 188 countries for which the IMF draws up forecasts are set to grow by more than 4 per cent this year. Of those, 36 are in Africa and 19 are in Asia. In Europe, only Montenegro, set to grow 4.7 per cent, meets this criterion.
Australia’s trade ties are dominated by Asian countries, which account for more than 80 per cent of merchandise exports. Fifty years ago a third of exports went to Europe, with a quarter to the UK alone. The product mix has shifted from agricultural produce to minerals and fuel.
More than 8,000 US oil and gas jobs have been lost since the start of the year, yet production remains near record highs. Oil production per rig at the Bakken and Eagle Ford shale fields is up by 32 per cent and 27 per cent respectively this year.
Finland’s economy has been contracting uninterruptedly since the start of 2012, excluding a brief mild expansion in the last quarter of 2013. No other Northern European country has had such a poor performance in the last three years.
Finland’s GDP in the first quarter this year was 3.4 per cent smaller than at the start of 2012. Over the same period Sweden expanded by 5.6 per cent and Norway by 4.1 per cent. Read more
The winner of the Tour de France is typically the fastest climber up the winding paths of the Alps and the Pyrenees, but when the peloton flies down the Champs-Élysées on its final day, the focus shifts to an altogether different type of beast: the sprinter.
Where the elite climbers do battle in high-altitude bouts of cat-and-mouse, the sprinter’s primary weapons are leg-speed, impeccable timing and an almost reckless desire to cross the line first. But who is the best of the fast men? Read more
The UK unemployment-to-job vacancy ratio has fallen to 2.5, the lowest since 2008 before the financial crisis. With fewer available workers to fill jobs, wage growth has begun to pick up
Spain’s GDP per capita is set to overtake that of Italy later this year, according to Oxford Economics. Spanish output per head was around 70 per cent of the Italian level during the 1980s, but the gap has been narrowing due to sluggish Italian economic growth. The speed of convergence has increased since the global financial crisis.
Nearly three-quarters of the US population is in favour of ending the country’s trade embargo of Cuba, up from two thirds just six months ago. Back in 2009 only half of the population was in favour and many were undecided.