Tag: Economic Growth
-
Canada and Ontario Sign Landmark Pact to Speed Up Major Projects
Overview of the Agreement In a move aimed at turbocharging Ontario’s infrastructure and economic growth, the federal government of Canada and the provincial government of Ontario have signed a new agreement focused on accelerating the construction of major projects. The pact signals a coordinated effort to streamline processes, improve coordination among agencies, and reduce delays…
-
Ontario and Canada Reach Pact to Fast-Track Major Construction Projects
Overview of the Agreement In a bid to accelerate infrastructure development across Ontario, the federal government and the provincial administration have signed a comprehensive agreement aimed at speeding up the planning, approvals, and execution of major construction projects. The pact signals a coordinated effort to streamline processes, mobilize resources, and reduce red tape that often…
-
ECB Holds Rates Steady as Outlook Improves: What It Means for the Euro Zone
ECB Holds Rates Steady Amid Upgraded Growth Outlook The European Central Bank (ECB) announced today that it would keep its policy rates unchanged, but it upgraded its projections for growth and inflation for the euro area. The decision signals a shift in sentiment—one that suggests the central bank expects the economy to recover more robustly…
-
Swiss Exports to US Rise After Bilateral Trade Deal Reached
Background: A New Bilateral Trade Framework The long-awaited bilateral trade agreement between Switzerland and the United States has begun to reshape economic ties, with Swiss exports to the US rising notably since the deal came into effect. The agreement aims to reduce trade barriers, simplify customs procedures, and provide greater certainty for exporters on both…
-
Swiss Exports to the US Jump on a New Trade Deal Reached
Overview: A Turn in Swiss-US Trade Recent data shows Swiss exports to the United States edging higher as a fresh trade agreement comes into force, signaling a renewed warmth in bilateral commerce. The deal, designed to streamline customs, reduce tariffs, and simplify regulatory hurdles, has helped Swiss manufacturers and service providers reach American markets more…
-
Ilocos Sur Tops 2024 COA Revenue List, Dragging Bulacan to Second
Overview: Ilocos Sur tops COA 2024 revenue ranking In a surprising shift for the fiscal landscape, Ilocos Sur has been named the country’s top revenue-earning province for 2024 by the Commission on Audit (COA). The province dethroned Bulacan, which had dominated the rankings in recent years, signaling a pivotal change in the regional economic balance…
-
Philippines Growth Forecast 2025: IMF Sees 5.1% Pace
IMF projects slower growth for the Philippines in 2025 The International Monetary Fund (IMF) has revised its outlook for the Philippines, forecasting a growth rate of 5.1% for 2025. The revision reflects a blend of external headwinds and domestic policy dynamics that weigh on export performance and investment sentiment. After a year of mixed signals…
-
Hong Kong Unemployment Holds at 3.8% Amid Solid Economic Expansion
Hong Kong’s Unemployment Rate Stays Steady at 3.8% Hong Kong’s jobless rate edged or, more precisely, remained unchanged at 3.8% in the latest three-month window, according to preliminary data from the Census and Statistics Department. While the headline figure stayed flat, the labour market has shown mixed signals as the workforce and total employment declined…
-
Labour trashed the economy: rate cuts won’t save it
Introduction: Why rate cuts are only a partial remedy As central banks signal a potential rate cut this week, with another possible early next year, market watchers are hoping the medicine will be strong enough to lift a flagging economy. Yet many economists and political observers warn that, for a government grappling with a fragile…
-
Hong Kong Unemployment Holds at 3.8% as Economic Expansion Stays Solid
Overview: Unchanged Jobless Rate amid steady expansion Hong Kong’s unemployment rate held steady at 3.8% in the latest three-month period, even as the economy continued to expand at a solid pace. The preliminary figures from the Census and Statistics Department show that while the jobless rate did not move, both the labour force and total…