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@economics (on Twitter) - German Finance Minister Christian Lindner says his country is getting poorer because of its failure to generate economic growth https://lnkd.in/gKYjrUvU TNTT - These problems for Germany stem from pretty recent events, maybe. The sentiment here can be seen as suggesting some change to spur more growth and as international sentiment. #Economics #Industry #Markets #Finance #WSJ

In this week’s edition of Coffee Table Economics, its all about South Africa: --> A careful and brief waddle through SA’s muddy political puddle: Without running the risk of using hyperbole, it is safe to say that the 2024 National and Provincial Elections (NPEs) have ushered in a new era in South African politics – the era of coalitions. Whilst the likely formation of a government of national unity (GNU) might be one of the more market-friendly outcomes, a GNU agreement would not be without uncertainty or immune to fractious in-fighting. Collaboration between government, business, and labour is required to place the country on a renewed growth path – away from conflict and individual vested interests around growth that will, in turn, create jobs and a thriving economy where everyone benefits. --> SA’s economy weathers a stormy start to the year: SA’s anaemic economy again finds itself in negative territory after narrowly dodging a recession. Surprising slightly on the downside, SA’s 1Q24 gross domestic product (GDP) print contracted by 0.1% QoQ. --> Steady as she goes – amid all the election noise, the SARB keeps a cool head and holds rates steady: With the inflation outlook remaining elevated, unsurprisingly, the South African Reserve Bank (SARB) cautiously kept the repo rate on hold at 8.25% at its third Monetary Policy Committee (MPC) meeting for this year, with the prime rate remaining at 11.75%. We maintain that the SARB’s MPC will not rush to cut the repo rate. Any possible interest rate cuts will likely only materialise towards the end of 2024 and depend on the inflation outlook (locally and abroad) and global interest rate developments as we progress further into this year. Anchor

Meet Jeremiah Oluwatobi, a dedicated economist with a profound interest in the intersection of economics, particularly in consumer transport, and its impact on Nigeria's economic growth. Jeremiah holds a graduate degree in Economics from the university, where he cultivated a deep understanding of economic principles and their real-world applications. Throughout his academic journey, Jeremiah delved into the intricacies of micro and macroeconomics, focusing on how these principles influence consumer behavior within the transportation sector. His research work on ResearchGate titled "The Effect of Value Added Tax on Nigeria's Economic Growth" stands as a testament to his commitment to exploring the economic landscape of Nigeria, particularly in relation to taxation policies and their implications for economic development. In his research, Jeremiah analyzes the impact of value-added tax (VAT) on Nigeria's economic growth, drawing upon his academic background and practical experience in understanding the dynamics of consumer behavior, resource allocation, and market behaviors within the transportation industry. By examining the intricate relationship between taxation policies and economic growth, Jeremiah sheds light on the challenges and opportunities facing Nigeria's economy, particularly in the context of the transport sector. Moreover, Jeremiah's research underscores the interdisciplinary nature of his work, as he integrates insights from economics, taxation, and transportation studies to provide a comprehensive analysis of the subject matter. His findings not only contribute to the academic discourse but also offer valuable insights for policymakers and stakeholders seeking to enhance Nigeria's economic growth trajectory while addressing the unique challenges within the transportation sector. Looking ahead, Jeremiah is poised to leverage his expertise and research insights to drive positive change within Nigeria's economic landscape. Whether through shaping public policy, advocating for evidence-based decision-making, or driving innovative solutions to enhance the efficiency and sustainability of transportation systems, Jeremiah remains steadfast in his commitment to making a lasting impact on Nigeria's economic growth trajectory. In summary, Jeremiah is a passionate economist whose academic background, research endeavors, and practical experience converge to create a dynamic and forward-thinking approach to addressing the economic challenges facing Nigeria, particularly within the realm of consumer transport. Through his research on the effect of value-added tax on Nigeria's economic growth and his dedication to understanding the broader implications for the transport sector, Jeremiah exemplifies a commitment to driving positive change and fostering sustainable economic development.

EEA Hosted the Launch of the 2024 Economic Report on Africa and Economic Governance Report II at its 21st International Conference Addis Ababa, Ethiopia (July 20, 2024) – The Ethiopian Economics Association (EEA) held a vibrant plenary session on the second day of its 21st International Conference, co-organized with the United Nations Economic Commission for Africa (UNECA). The session focused on the launch of the 2024 Economic Report on Africa (ERA 2024) and the Economic Governance Report II (EGR II). The ERA 2024, titled “Investing in a Just and Sustainable Transition in Africa,” was presented by Nadia Quedraogo, Director of the Macroeconomics and Governance Division at UNECA. The report highlights the urgent need for investments in Africa’s just and sustainable transition, emphasizing the importance of inclusive growth and environmental protection. The EGR II, titled “A Framework for Assessing and Reporting Tax Expenditures in Africa,” was presented by Allan Mukungu, also from the Macroeconomics and Governance Division at UNECA. The report provides a comprehensive framework for assessing and reporting tax expenditures in Africa, which can help policymakers make more informed decisions about public spending. The session also featured remarks from discussants Cesar A. Cancho, a World Bank Economist, and Tassew Tadesse, a Senior Researcher at the EEA. Participants engaged in lively discussions on the implications of the reports for Africa’s economic development. The launch of the ERA 2024 and EGR II marks a significant milestone in the efforts to promote economic development and good governance in Africa.

It's not radical, it's relevant! “Economics can help only if it expands our collective imagination instead of reining it in.” Wonderful to see the ideas coming from F & D (Finance and Development) Magazine - A Quarterly Publication of the International Monetary Fund What are economists taking about? Beyond Efficiency: A More-human Economics - There is a growing consensus that the economics profession must be open to new ideas and frameworks if it hopes to solve the world’s biggest problems GITA BHATT What Is Inclusive Growth? Proponents aim to create societies that are free, equal, and wealthy Ruchir Agarwal A New Compass for Economics: Economic renewal must begin with the goal of human flourishing on a thriving, living planet  Kate Raworth The Social Costs of Price: Price-tag policymaking doesn’t measure the things that matter to people  Katharina Pistor And so much more! Use this link to access the articles or to download this free publication. https://lnkd.in/gugBfune

Economics can help solve problems, but it's not a panacea. Economics provides a framework for: Analyzing problems: Identifying causes, consequences, and relationships between variables. Evaluating options: Assessing the costs and benefits of different solutions. Predicting outcomes: Forecasting the effects of policy interventions or changes in market conditions. Informing decisions: Providing insights for policymakers, businesses, and individuals to make informed choices. Economics can help address various problems, such as: 1. Poverty and inequality_ 2. Unemployment and labor market issues_ 3. Inflation and monetary policy_ 4. Environmental degradation and resource management_ 5. International trade and globalization_ 6. Economic growth and development_

A CASE OF MAKE-BELIEVE ECONOMICS - When economists forecast with great accuracy, and when their forecasts produce eerily convenient numbers, it is wise to be cautious. https://lnkd.in/gf9Rdyi4

NAVIGATING GLOBAL ECONOMIC VOLATILIES: TOWARDS ECONOMIC RESILIENCE JEFM; Vol. 3, No. 1, March 2024 Published by the Journal of Economics, Finance and Management (JEFM) in France on March 15, 2024, this paper conducts a survey and discusses how emerging economies can strategically position themselves to navigate the current global economic volatilities. In recent years, the global economy has witnessed heightened economic volatility fueled by a confluence of interconnected global factors. This study forms part of the panacea for mitigating the effects of global economic volatilities on emerging economies. While susceptible to external shocks due to unsustainable debt burdens, institutional gaps, limited diversification, and weak institutional frameworks, emerging economies also possess a youthful demographic, rich natural resources, and the agility to embrace new technologies. Coupled with international cooperation, the paper argues that it is feasible, with the right policy mix, strategies, and commitment, for emerging economies to successfully navigate global economic volatility by leveraging their demographic dividends, natural resource wealth, technological leapfrogging, economic diversification and synergistic fiscal, monetary, and structural policy reforms. The examples of case studies outlined in this paper underscore the reality that achieving economic resilience is not a pipe dream but an attainable goal through strategic foresight and unwavering commitment. Read the full paper for free here:

📚 New Review: Paul Collier’s Left Behind: A New Economics for Neglected Places Stephen Williams examines Paul Collier's compelling analysis of economic disparities in neglected regions. Collier argues that solidarity, rather than market fundamentalism, is key to revitalising areas left behind in global prosperity. Explore how Collier’s insights into governance and leadership offer a nuanced approach to economic recovery, from #Africa’s struggles to successful interventions in places like #Rwanda. Read the full review to understand why traditional market theories may fall short in addressing regional #economic challenges. #EconomicPolicy #PaulCollier #BookReview #EconomicDevelopment #SolidarityEconomics