bne IntelliNews’ Post

"Exciting times ahead for East Africa's economies! With Kenya, Rwanda, and Tanzania leading the charge, the region is set for robust growth. However, global economic shifts and internal challenges loom. Find out how these nations are navigating the road to prosperity! #EconomicGrowth #EastAfrica"

The Nigerian Economic Summit Group (NESG) recently concluded its landmark 30th annual summit, bringing together business leaders, policymakers, and stakeholders from across Africa and beyond to discuss Nigeria’s economic challenges and opportunities. With the theme “Collaboration for Action,” the event emphasized a unified effort to address the pressing economic issues facing the country and the broader African continent. The summit underscored the need for resilience, patience, and sustained action to secure long-term economic growth. https://bit.ly/3UePOpj

National prosperity is created, not inherited. It does not grow out of a country’s natural endowments, its labor pool, its interest rates, or its currency’s value, as classical economics insists. A nation’s competitiveness depends on the capacity of its industry to innovate and upgrade. Companies gain advantage against the world’s best competitors because of pressure and challenge. They benefit from having strong domestic rivals, aggressive home-based suppliers, and demanding local customers. https://lnkd.in/dHdVXCZZ It is the duty of the numero uno in every African country to understand the above from Michael E. Porter. And it is the duty of every African voter to understand that any candidate who doesn't prioritize national competitiveness will just be a waste of time and national resources, and your nation can NEVER be competitive without a significant consumer spending capacity. That is what lures business investment and export capacity development. The picture is very clear for us to see today. Nigeria, a country with over 37 million hectares of arable land, has food inflation of over 40% and we have to consider importation of basics like maize and soybeans. Everything was predictable. We saw all the signs but ignored them.

Local economists are confident that the presence of BRICS countries like China and India in T&T as investors can help T&T’S economic development. In 2006, Brazil, Russia, India and China created the “BRIC” group while South Africa joined in 2010, making it “BRICS.” The trade group was designed to bring together the world’s most important developing countries, to challenge the political and economic power of the wealthier nations of North America and Western Europe. While China has the world’s second largest economy, India has the world’s fifth largest economy. According to a BBC factsheet, the expanded group has a combined population of about 3.5 billion, or 45 per cent of the world’s inhabitants. Combined, members’ economies are worth more than US$28.5 trillion - about 28 per cent of the global economy. In 2014, the BRICS nations set up the New Development Bank to lend money to boost infrastructure. By the end of 2022, it had provided nearly US$32 billion to emerging nations for new roads, bridges, railways and water supply projects. Prime Minister Dr Keith Rowley visited India in May and in June met members of the Indian Investment Mission at the Diplomatic Centre, St Clair. Read More: https://lnkd.in/ezp53zx3

China's Economic Crossroads: Choosing a Path for Sustainable Growth and Prosperity #accountability #Chinadevelopment #Chinasfutureeconomicdirection #competition #economicreform #IncomeInequality #Innovation #marketbasedapproach #marketbasedeconomy #privatesectorgrowth #propertyrights #stateledgrowth #structuralreforms #sustainablegrowth #transparency

Regional Economic Outlook Latin America - September 2024 Latin America's economic growth is structurally low. Fostering investment could help reverse this scenario. Read our Report on Latin America https://lnkd.in/dgMnMdeV

📈 According to recent reports from ECLAC, the UN's Economic Commission for Latin America and the Caribbean, the entire Latin American region has faced a "growth trap" for a decade —poor investment, low labour productivity, and limited macroeconomic tools for reactivation. Carmen Maria Torrebiarte, President of CACIF Guatemala, warns that governmental policies can either stimulate or hinder growth. 🎙️ What’s the key to revitalising the region’s economy? IOE discusses #productivity.

Timor-Leste, Asia's youngest nation since regaining independence on May 20, 2002, has demonstrated resilience in striving for economic growth. Over two decades, Timor-Leste has evolved into a peaceful democracy. Despite economic setbacks from 2017-2022 due to political uncertainties and external shocks like COVID-19 and cyclone Seroja, the nation is recovering, projecting 3.4% growth in 2024 - among East Asia's fastest-growing economies. For a more in-depth understanding, read our article: https://ow.ly/s5as50SRKZp #AsiaBriefing #ASEANBriefing #TimorLeste #EconomicGrowth #COVID19Recovery

Latin America trapped in low growth cycle, ECLAC warns #bne #bneEditorsPicks #LatinAmerica #Brazil #Venezuela #Argentina #macro Latin America and the Caribbean are facing a "low economic growth trap" that threatens to stall progress across the region, according to a new report from the United Nations Economic Commission for Latin America and the Caribbean (ECLAC). The organisation's annual Economic Survey, released last week, paints a sobering picture of sluggish investment, declining productivity, and limited fiscal manoeuvring room for many countries. Growth Projections Revised Downward