Last weeks, PDI Perjuangan, Indotnesians Democratic Party, was announced that Jokowi, Joko Widodo, Jakarta’s governor for 2013-2018, as their President candidate for the election next June. This statement was affected to many sector, even in economic. This morning, Jakarta Composite Indexes, JCI (IHSG, Indeks Harga Saham Gabungan) and Indonesian’s currency was strengthen and increase. Although not increase significantly, but its seems kind a signals. Markets seems still wait with whom, Jokowi will be paired.
News for JCI :
The Jakarta Composite Index (JCI) opened at 4,887.36, up by 8.72 points or 0.18 percent, during Monday’s first trading session, as a majority of Asian stock markets were corrected.
Meanwhile, the index of LQ45, which represents lists of 45 stocks with the most liquidity, strengthened by 2.26 points (0.27 percent) to 832.93.
“The JCI had strengthened at the beginning of this week’s trading session but it tended to be limited as sentiments in the Asian stock markets tended to be less supportive,” said Trust Securities head of research Reza Priyambada in Jakarta on Monday as quoted by Antara news agency. Continue reading “Jokowi’e effects? JCI and Rupiah strengthens this morning” »
One of the many statistics that economists pore over for clues to future economic performance is potential output, also known as potential gross domestic product. This is a measure not of what the economy is doing, but what it could be doing: an estimate of the maximum amount of GDP the economy can achieve over a sustained period if it’s operating at close to full employment, using all its resources. Any lower, and the economy isn’t working up to its potential. Any higher, and it runs a greater risk of inflation. To help guide policy, economists forecast the output gap—the difference between potential and actual GDP—for years into the future.
On Feb. 28, the Congressional Budget Office revised an estimate for potential GDP for 2017 that it had made in 2007. The new estimate is 7.3 percent lower than the original forecast. This downward revision wipes out $1.5 trillion of potential output, according to Andrew Fieldhouse, fellow at the Century Foundation, a think tank. So instead of forecasting a potential GDP of almost $20.7 trillion, the CBO predicts potential output closer to $19.2 trillion. For years economists have been expecting too much from the economy.
Continue reading “How The GDP in 2017 Looking is? Not Good” »
(businessweeks) In the weeks after Mitt Romney lost the 2012 presidential election, no Republican appeared to have a brighter future than Florida Senator Marco Rubio. Young, Spanish-speaking, and oratorically gifted, he seemed like the answer to everything ailing the GOP—he was the anti-Romney.
Continue reading “Republican, seems to force Marco Rubio as next savior” »
The bank slightly raised its forecast for growth to 1.2% in 2014, but dropped its inflation estimate.
Eurozone interest rates have remained unchanged since November 2013, when the bank said it expected “a prolonged period of low inflation”.
In February, eurozone inflation was at 0.8%, well below the ECB’s 2% target, which has prompted deflation worries.
However, the ECB has been confident that eurozone economies are recovering from recession.
The bank decided to leave the rate unchanged as there were continued signs of recovery, ECB president Mario Draghi told a news conference in Frankfurt. Continue reading “Interest Rate in Europe is held on 0,25%” »
US Government Fiscal Budget for 2015 : $ 3,9 Billion
(BusinessWeek) On Tuesday morning, the White House unveiled its $3.9 trillion budget for fiscal year 2015. While many of the details were new, the overall thrust of the budget became apparent two week ago, when news leaked that President Obama would not be including a proposal to cut Social Security cost-of-living benefits (by switching to the so-called chained Consumer Price Index) as he had in previous budgets. This was taken as a signal that the White House had given up hope of trying to reach a “grand bargain” with Republicans to cut the deficit and entitlement programs.
In past budgets, offering Social Security cuts had been Obama’s way of expressing his desire and willingness to tackle the deficit, which Republicans were always griping about. Obama’s preemptive negotiating style of offering up chained CPI as a concession drove liberals nuts, but they needn’t have worried: Republicans never took up Obama’s offer. And after more false starts than the Oakland Raiders’ offense, the prospects of the two parties reaching a grand bargain are finally dead and buried. Continue reading “US Government Fiscal Budget for 2015 : $ 3,9 Billion” »
[FWD-REPOST] OECD delivers new single global standard on automatic exchange of information
13/02/2014 – Offshore tax evasion remains a serious problem for countries and jurisdictions worldwide, with vast amounts of funds deposited abroad and sheltered from taxation when taxpayers fail to comply with obligations in their home countries.
Responding to a mandate from G20 leaders to reinforce action against tax avoidance and evasion and inject greater trust and fairness into the international tax system, the OECD has unveiled today a new single global standard for the automatic exchange of information between tax authorities worldwide.
Developed by the OECD together with G20 countries, the standard calls on jurisdictions to obtain information from their financial institutions and exchange that information automatically with other jurisdictions on an annual basis. It sets out the financial account information to be exchanged, the financial institutions that need to report, the different types of accounts and taxpayers covered, as well as common due diligence procedures to be followed by financial institutions.
Continue reading “[FWD] OECD delivers new single global standard on automatic exchange of information” »