Browsing: Global Economics

Everything you need to know about global economics and international trade.

The European Commission has supported plans from 10 member states to raise funds to deal with the current European economic crisis, by introducing a tax on financial transactions.

This week sees the Royal Bank of Scotland make its final £1.4million payment to the Asset Protection Scheme, reaching the required £2.5billion minimum payment to exit the emergency insurance program.

During the second quarter (April-to-June) the ONS (Office for National Statistics) claimed that the economy shrank by only 0.4pc, after it made a third estimate of gross domestic product for the UK.

The World Economic Forum (WEF) conducted its annual survey of all global economies and rated each one based on 12 “Pillars of Competitiveness” covering a number of factors affecting individual economies such as “Health & Primary Education”, “Technological Readiness, and “Innovation”.