Matic Novak

66 Added | 1 Magazine | 1 Follower | @MaticNovak | Keep up with Matic Novak on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Matic Novak”

Dramatic minimum wage rises will put low-paid jobs at risk, says IFS

Thinktank says planned pace of increase for rest of decade could price workers out of a job, with young people worst affected<p>• General election 2017 – latest updates<p>Dramatic increases in the minimum wage planned by Labour and the Conservatives after the general election will put the jobs of low …

UK manufacturers putting off investment plans, poll shows

Survey reveals sharp rise in proportion of factory bosses saying political uncertainty is deterring them from raising spending<p>British manufacturers have fanned fears that the economy is heading for a slowdown in 2017 after a survey showed a rise in factory bosses putting off plans to increase …

Higher inflation and rising debt threaten millions in UK

Experts warn of imminent fall in living standards due to sharp fall in value of pound after referendum<p>UK households should brace themselves for a combination of rising inflation, low pay and increased debt that will squeeze living standards next year and push more people into financial difficulty, …

Why Ukraine needs Russia more than ever

With country at risk of becoming a failed state, Kiev must recognise that economic survival depends on Moscow not the west<p>In January Ukraine’s president, Petro Poroshenko, congratulated the country on surviving its first winter without buying Russian gas. It had instead bought European gas which, …

World Bank slashes growth forecast for emerging economies

Lower oil prices and looming US interest rate rise lead to downgrades for countries including Nigeria, Angola and Brazil, while India bucks trend<p>The World Bank has cut its forecasts for growth across emerging economies this year, warning that they face a double whammy from rising US interest rates …

World's poorest countries rocked by commodity slump and strong dollar

Jubilee Debt Campaign warns that developing countries are struggling to make debt payments as revenues deteriorate<p>The collapse in global commodity prices and a stronger US dollar have depleted the public coffers of some of the world’s poorest countries and will leave them as much as $61bn (£43bn) …

Worsening economies threaten to undo gains against poverty – ILO

UN agency urges west to focus on helping developing world create more sustainable and better paid jobs, rather than just on aid<p>Worsening economic conditions in Asia, Latin America and the Arab world threaten to undo decades of progress in reducing global poverty, according to a report by the …

Next Up for Greece: How to Shrink the Debt

Political talks to begin after first bailout review is done<p>Greece’s creditors are expected to start talking soon over an issue that has been looming over the eurozone since 2010: cutting the country’s mountainous debt burden.<p>Greece already sliced its debts to private lenders through a bond swap in …

Economics

Austrian GDP Grows in 2015, but Continues to Struggle

Austria's GDP rose 0.1 percent in the first quarter, and exports increased 0.8 percent when compared to the last quarter. Austria is one of Europe's …

Norway seeks to diversify its economy as oil earnings plunge

<b>Looking out across the Oslo fjord, with its islands and sandy beaches, it is easy to forget that the Norwegian economy is in difficulty.</b><p>As oil prices have collapsed, it's become clear that Norway has caught what used to be called the Dutch disease - an overreliance on one industry, in this case the …

Seven charts showing why Venezuela's economy is a basket case

The economy expected to contract by 7pc as oil revenues fall in South America's weakest economy<p><b>Venezuela</b>'s economy is set to shrink by 7pc in 2015, according to the International Monetary Fund's (IMF) latest figures from last month. The country, which used to be hailed as a 'socialist paradise', …

Zimbabwe abandons its currency

<b>Zimbabweans will be allowed to conduct business in other currencies, alongside the Zimbabwe dollar, in an effort to stem the country's runaway inflation.</b><p>The announcement was made by acting Finance Minister Patrick Chinamasa.<p>BBC southern Africa correspondent Peter Biles says the Zimbabwean dollar …

Africa

Germany in the Era of Hyperinflation

During the hyperinflation in Germany of 1920s, the country's currency, the mark, went crazy. The government of the Weimar Republic may have been able …

The rich do get richer. Why can't the poor also get richer?

The rich get richer; there's no denying that. They get a lot richer. And the poor get – well, what do they get? Too often, they get ignored. Or we don't even know who they are.<p>That became apparent this week, when we had simultaneous headlines declaring that worldwide wealth inequality has soared to …

Opinion: How’s the economy? Depends on your political leanings

The state of the U.S. economy is always an important consideration when voters go to the polls every four years to elect a president. Even in this …

Study: 'Economic Despair' Causes More Low-Income Youth to Drop Out of School, Lose Hope of Achieving Social Mobility

Communities with high economic inequality also tend to have lower upward social mobility. The question is whether there is a causal relationship …

Should we worry about deflation?

<i>We are hosting a round-table discussion of the risk of deflation in the euro zone. Our fourth contributor is Paul De Grauwe, professor in European</i> …

Refugees to provide economic boost to EU nations, IMF study says, IAN WISHART | Kathimerini

European economic growth will see an immediate boost as a result of the unprecedented influx of refugees, according to an International Monetary Fund …

Wealth redistribution and inequality at its highest in OECD countries

Tuesday, December 9th 2014 - 07:52 UTC<p>Full article 2 comments<p>“Countries that promote equal opportunity for all from an early age are those that will …

The U.S. Economy Is Finally at Full Employment

If you got a raise recently, you’re not alone.<p>Despite the fact that the U.S. economy added fewer jobs in January than analysts had expected, …

The path to inclusive growth: Raising the economy's speed limit by boosting the 'big two'

One of the most important economic debates of the day is how to achieve more economic growth that reaches more people. Breaking it down, on one side you find economists with demand-side solutions, and on the other, those with supply-side solutions. This post tries to unite them, while separating …

Economics

Has ‘Full Employment’ Become Obsolete?

The U.S. unemployment rate of 4.9 percent in January 2016—a level not seen in nearly eight years—has spawned a discussion in the media and among …

Human Resources

The obstacles to Keynesian budgeting

John Maynard Keynes<p>Keynesianism pertains to the group of economic doctrines and programmes of the English economist, John Maynard Keynes (1883-1946) …

Zimbabwe is paying its citizens $5 for 175,000,000,000,000,000 Zimbabwe dollars

"The banking public should visit their banks to establish the balances which were in their accounts. We have interacted with the banks and they still have all the information, which we as the Reserve Bank also authenticated," Reserve Bank of Zimbabwe governor John Mangudya said.<p>The process will …

South Africa

Venezuela is on the brink of a complete economic collapse

The only question now is whether Venezuela's government or economy will completely collapse first.<p>The key word there is "completely." Both are well into their death throes. Indeed, Venezuela's ruling party just lost congressional elections that gave the opposition a veto-proof majority, and it's …

Venezuela

HSBC: Sweden is 'skating on thin ice' and its housing bubble 'is not sustainable'

Low interest rates fuel bubbles by making money cheap to borrow. All that extra money drives up prices. Normally, a central bank would respond to rocketing house prices and 4% growth by raising rates, in order to calm the market down. But the Swedish Riksbank has been reluctant to do that for fear …

Sustainability