Monday, April 16, 2012

Slowing Inflation May Give ECB Room to Maneuver on Interest Rates

Slowing Inflation May Give ECB Room to Maneuver on Interest Rates
The inflation rate (ECCPEMUY) in the 17-nation euro area fell to 2.8 percent from 3 percent in November, the European Union’s statistics office in Luxembourg said in an initial estimate today. Euro-area services and manufacturing output contracted less than initially estimated last month and French consumer spending unexpectedly declined in November from October, separate reports showed.

Poverty reduction for economic development

Poverty reduction for economic development

THE  impact of economic growth on the pace and magnitude of poverty reduction depends to a large extent on the nature of inequality of income arising from the very growth process. As such, the concept of pro-poor growth strategy appears to point out the crucial association of growth and inequality on the extent of poverty reduction. Adaptation of “pro-poor” growth strategy is thus favoured over growth maximisation in Bangladesh’s planning documents as a means of achieving faster decline of poverty, thereby reducing income disparity. With poverty alleviation being an area of major policy thrust of the successive governments, this year’s poverty figures for Bangladesh have come as a shocker.
The figures show that more than 50% of the population are now living below the extreme poverty level. To measure extreme poverty, the amount of income of a person that the poverty researches agreed upon is equivalent to $1.60 per day. The progress made so far is very poor given the emphasis laid on the issue by the different governments and concern expressed by the donors. In most of the literature on the issue, poverty is looked upon as a kind of ailment. Poverty is a problem isolated from other social conditions within which the affected ones live.
Unsurprisingly, poverty mitigating agencies take the affected the people individually and try to help them out through creating job opportunities for them in a piecemeal fashion. Such interventions hardly make much difference in the lives of the people. Most countries of South and South-East Asia that are now bracketed with the rich nations did not always have such a glamorous status. Poverty was not a stranger to those societies even a few decades back. International agencies, donor countries and governments were active in those countries to lift them out of the curse of backwardness and poverty. If one looks at the history of development of those countries, it would be found that Bangladesh’s status vis-à-vis the more successful countries of South-East Asia was not always like this.

Hypo Venture Capital Headlines: Slowing Inflation May Give ECB Room to Maneuver on Interest Rates: Economy

http://hypoventurecapital-research.com/2012/01/hypo-venture-capital-headlines-slowing-inflation-may-give-ecb-room-to-maneuver-on-interest-rates-economy/

Euro-region inflation (ECCPEMUY) slowed for the first time in five months in December, giving the European Central Bank room to lower borrowing costs further as the economy edges toward a recession.
The inflation rate (ECCPEMUY) in the 17-nation euro area fell to 2.8 percent from 3 percent in November, the European Union’s statistics office in Luxembourg said in an initial estimate today. Euro-area services and manufacturing output contracted less than initially estimated last month and French consumer spending unexpectedly declined in November from October, separate reports showed.
Europe’s economy (EUGNEMUQ) is showing increasing signs of a slowdown as governments struggle to contain the region’s debt crisis, adding pressure on the ECB to lower the benchmark interest rate from the current 1 percent, which matches a record low (EURR002W). Economists at IHS Global Insight and ABN Amro forecast the central bank will cut borrowing costs as low as 0.5 percent to fight a recession.
“Euro-zone inflation has now passed its peak and is likely to fall further in the coming months to levels clearly below 2 percent in the second half of this year,” said Nick Kounis, head of macro research at ABN Amro in Amsterdam. “The favorable medium-term inflation outlook is a green light for further ECB rate cuts over the coming months.”

Hypo Venture Capital Headlines: Poverty reduction for economic development

http://hypoventure-capital.com/2012/02/hypo-venture-capital-headlines-poverty-reduction-for-economic-development/

THE  impact of economic growth on the pace and magnitude of poverty reduction depends to a large extent on the nature of inequality of income arising from the very growth process. As such, the concept of pro-poor growth strategy appears to point out the crucial association of growth and inequality on the extent of poverty reduction. Adaptation of “pro-poor” growth strategy is thus favoured over growth maximisation in Bangladesh’s planning documents as a means of achieving faster decline of poverty, thereby reducing income disparity. With poverty alleviation being an area of major policy thrust of the successive governments, this year’s poverty figures for Bangladesh have come as a shocker.
The figures show that more than 50% of the population are now living below the extreme poverty level. To measure extreme poverty, the amount of income of a person that the poverty researches agreed upon is equivalent to $1.60 per day. The progress made so far is very poor given the emphasis laid on the issue by the different governments and concern expressed by the donors. In most of the literature on the issue, poverty is looked upon as a kind of ailment. Poverty is a problem isolated from other social conditions within which the affected ones live.
Unsurprisingly, poverty mitigating agencies take the affected the people individually and try to help them out through creating job opportunities for them in a piecemeal fashion. Such interventions hardly make much difference in the lives of the people. Most countries of South and South-East Asia that are now bracketed with the rich nations did not always have such a glamorous status. Poverty was not a stranger to those societies even a few decades back. International agencies, donor countries and governments were active in those countries to lift them out of the curse of backwardness and poverty. If one looks at the history of development of those countries, it would be found that Bangladesh’s status vis-à-vis the more successful countries of South-East Asia was not always like this.