Singapore has a vibrant free-market economy, developing rapidly. On 22 February 2017, the Monetary Secretary, Paul Chan, unveiled in the 2017-18 Funds various measures to strengthen the competitiveness of the Hong Kong financial system and make Hong Kong an much more liveable city. The Government has set a objective to double the R&D expenditure as a percentage of GDP from 0.seventy three% to 1.5%. To strengthen Hong Kong’s status as a world monetary centre, the Authorities seeks to promote diversified development of the monetary market.

Right here, we replace our blog of July 2016 which, following the UK vote to go away the European Union, famous the fears for UK development as confidence fell sharply Consumer confidence is continuously identified by macro-economists as an important source of economic volatility. October: 5.7 percent – Folks returned to the labor power. June, July and August: The unemployment price was 4.9 %.

The Everyday Economist is a blog written by Josh Hendrickson, an Assistant Professor of Economics on the University of Mississippi. In these economically turbulent occasions, individuals around the globe are frightened, depressed, and fearful. Pro Tip: This is an unmissable blog for anyone all for real world implications of economics. Multiplier …