While, it's not clear whether the growth and deficit targets are achievable, it is clear that keeping the growth target the same as last year means the government is not interested in risking slower growth by advancing
economic reforms more rapidly.
Not exact matches
But many economists warn the stimulus could give the sluggish economy only a temporary jolt if the government fails to follow through with politically
more difficult
economic reforms.
Germany, which enacted its labor
reforms more than a decade ago, when
economic growth in the rich world was much stronger than it is now, is home to an organized labor culture that is less combative than in places like Italy or France.
Fuel theft is fast becoming one of Mexico's most pressing
economic and security dilemmas, sapping
more than $ 1 billion in annual revenue from state coffers, terrorizing workers and deterring private investment in aging refineries that the government, following a 2014 energy
reform, hoped instead would be thriving with foreign capital.
Chinese Premier Li Keqiang has defended the country's
economic policies, repeating that there was
more opportunity than risk and vowing that there would be no hard landing for the world's second - largest economy if the government pressed ahead with
reforms.
Since the 1990s, the total taxation of the Swedish economy as a percentage of GDP has fallen
more than 5 %, while labor market
reforms, such as Denmark's cutting of unemployment benefits have helped Scandanavian economies rocket up measures of
economic freedom.
As I noted in a recent speech, we face three major challenges that will determine how smooth this
economic expansion turns out to be.5 First, we need regulatory
reform that makes our financial system
more stable and resilient.
While the new president has a
more pro-business agenda than his predecessor Hollande, he might be significantly constrained in his social and
economic reforms if he needs the support of both mainstream right - wing and left - wing parties.
European Union and Asian governments are frustrated that the U.S. Congress has held up a
reform of voting rights in the International Monetary Fund that would give China and other emerging powers
more say in global
economic governance.
I would also note that much of what the Obama administration proposed (for example,
more infrastructure spending and responsible tax
reform) would have triggered even greater
economic growth but never came to pass, largely due to congressional roadblocks.
But there is something profoundly troubling about speculators in Puerto Rican debt reaping windfalls even as estimates of hurricane damage are revised up, tax
reform legislation undermines Puerto Rican competitiveness, out - migration increases, political cleavages increase, layoffs from the public sector are set to increase and outside observers become
more pessimistic about Puerto Rico's
economic prospects.
However, this policy is
more than just a strategy for China to leverage its
economic might to increase its influence beyond Asia, this initiative is also part of China's domestic
reforms and
economic growth.
Mr Rittenberg, Mao's former interpreter, says that promoting a single popular figure may have been a deliberate strategy of the party elite, in the hope that such a politician could
more effectively carry out the difficult
economic and social
reforms which Mr Xi says are needed.
And the Western banks are demanding that Latvia and the Baltics pay by squeezing out even
more of an
economic surplus with even
more neoliberal «
reforms» that threaten to drive even
more of their labor abroad as their economies shrink and poverty spreads.
It has been 38 years since China began its
reform and opening - up with the launch of Special
Economic Zones (SEZs) and the promise of giving
more room f...
Until we see
more pro-growth stimulus and structural
reforms (especially in the labor market), we think QE will serve
more as an
economic stabilizer than a solution for Europe's chronically slow growth.
Fears of a sharp slowdown in China receded somewhat and the country's new leadership signaled a
more assertive posture on
economic and financial
reform.
Indeed, tax
reform that slows
economic growth by adding too much to debt can actually cost
more once
economic effects are incorporated.
«The Greek government — somewhat surprising for a self - professed
reform and anti-austerity government — seems to have merely agreed to impose a lot
more austerity through higher taxes, but offers relatively little commitment to genuine
economic reform.»
Such a plan, with meaningful infrastructure development, efficiency - enhancing corporate
reform, and well - considered educational and training components, could lift
economic growth potential without requiring a
more aggressive monetary stance.
The Shanghai composite and Hong Kong's Hang Seng both rose almost three percent, following the announcement by Chinese leaders of massive social and
economic reforms, including opening up its markets to
more investors, encouraging competition among private companies and allowing
more foreign investment into the country.
Our initial, high - level review shows
more economic stimulus and potentially stronger equity - market support than indicated in our current forecasts, which we made after the House passed its version of tax
reform in November.
In my testimony before the Joint
Economic Committee earlier this month, I said that tax
reform should lead to $ 55 billion in additional fixed investment in manufacturing this year, with the sector adding at least 100,000
more workers.
Announcing his resignation (below) to the world he said: «I believe we've made great steps, with
more people in work than ever before in our history, with
reforms to welfare and education, increasing people's life chances, building a bigger and stronger society, keeping our promises to the poorest people in the world and enabling those who love each other to get married whatever their sexuality, but above all restoring Britain's
economic strength.»
Mintz concludes that the psychological cost to children has steadily grown
more apparent, and he makes the familiar array of policy recommendations:
more widely available health care, education
reform, subsidized high - quality child care, family - friendly employment policies, a living wage, a limited work week and
economic support to the impoverished.
Their second stint in power has disappointed international business periodicals such as The Economist and the Financial Times as well as much of the English - language press in India, which complains periodically that
economic reform in India has
more or less stalled since 2004.
The long U.S.
economic expansion of the 1990s has done
more than lower domestic unemployment rates (which was especially valuable during a time of welfare
reform, because it enabled large numbers of recipients to move off welfare into jobs).
This patience, which is complemented by a gritty determination to see real legal and
economic reforms take hold, is all the
more striking in that Ukraine must confront daily the cultural and social deterioration created by the sad reality of Homo Sovieticus: men and women who grew up under a brutal political system that was built on falsehoods, that maintained itself through terror, and that taught everyone that trust in another human being can be very costly.
The Chinese president is expected to announce
economic reforms and
more open trade policies as he talks up Beijing's credentials as an alter...
Even
more fraught is the debate over procurement
reform in the state Legislature, where lawmakers had sought to restore power to the comptroller's office when it comes to oversight of
economic development spending.
Government
reform groups hope the bill would provide
more transparency of opaque entities that have been used as pass - throughs for major
economic development spending.
But in the current climate adaptation is key, and politicians have yet to acknowledge the need to
reform and / or to accept being overtaken by other socio -
economic models
more in tune with reality.
Like the welfare
reform bill before it, the Housing and Planning bill appears to be based
more on ideology than on actually seeking to tackle the country's social and
economic problems.
What Labour needs is a new social democratic revisionism, that heavily focuses on restructuring the welfare state, to unite communitarian and cosmopolitan voters, in an era of globalization, high inequalities, increased demands for choice, and an ageing population This requires applying the principles of solidarity, reciprocity and individual empowerment, in relation to
reforming the welfare state, to make it
more effective at tackling poverty and providing
economic security, and to satisfy rising demands for choice.
The tools available today are none other than deep
reforms in the periphery, wealth transfers from the core to reinforce those
reforms, and an overall
more effective plan for European
economic governance.
«He's just what we need and I'm excited to support him, and look forward to his work to standing up for
economic justice, keeping our streets safe and ensuring state government is
reformed to work
more effectively for the residents of New York.»
For the most part, however, what the first minister served up as part of a long - trailed effort to «refresh» her administration after
more than ten years in office sounded familiar: educational
reform («most radical change»),
more cash to boost
economic growth («raising our ambition») and the creation of a Scottish National Investment Bank.
As a professor at Fordham Law School, the author of important books on political and
economic policy, a key figure in Howard Dean's 2004 presidential campaign, and a visionary organizer on behalf of banking and business
reforms, she understands that the Democratic Party must move toward progressive populism in order to become
more than a tepid alternative to Republican extremism.
A
reform of capitalism agenda would also include changes to CEO pay,
more prudent mortgage tests, a real end of too - big - to - fail, counter-cyclical monetary policy,
more dynamic patenting laws, a rethink of trade agreements and the introduction of a wholly new set of social and
economic indicators (to capture phenomena like differential inflation rates and the uneven benefits of GDP growth).
Meanwhile, in the Senate, which is controlled by Republicans, the Finance Committee voted to move on another
reform bill that would add
more oversight to the state's
economic development project contracting process.
Speaking at the 92nd Street Y, Eliot Spitzer said Mayor Bloomberg is «fundamentally in error» on Wall Street
reform; he also said Obama's
economic team gives him «much
more than pause.»
A new 50 - state study, Undocumented Immigrants» State and Local Tax Contributions, by the Institute on Taxation and
Economic Policy finds that undocumented immigrants» tax contributions would increase significantly under the Obama Administration's executive actions and even
more substantially under comprehensive immigration policy
reform.
He said tax and regulatory
reform are the best ways to inspire
more private sector
economic growth.
Mr. Walker envisions himself working on comprehensive tax
reform, «rationalizing the size of government,» a
more focused program of
economic development and generally trying to get the state's finances in order.
«Obviously the budget comes first, so there's
more emphasis on the
economic issues up front,» said Cuomo, who continues to consider the Moreland Commission recommendations for
reform a top tier priority.
John Kaehny, with the
reform group Reinvent Albany, says lawmakers need to make
economic development contracts
more transparent, to avoid potential corruption in the future.
But good - government groups insist there needs to be broader,
more independent
reforms, including the creation of a database of subsidies published online, empowering the state comptroller to review all contracts worth
more than $ 250,000, and ending the awarding of government
economic development incentives by SUNY.
Take Ivory Coast.I find it difficult understanding why an academician or to be
more specific, an accomplished economist of Dr Bawumia's calibre.Let me quote here a statement made by Madam Christie Lagarde the IMF director «Mediocre
economic growth could become the new reality leaving millions stuck without jobs and increasing the risk to global financial stability» she said this after she has explicitly stated the global
economic challenges and how certain structural
reforms in Ghana including infrastructure investment as well as trade
reforms were going to impact positively on Ghana's economy.
Reforms to make Britain a
more equal nation must not come at the expense of
economic growth, Trade and Industry Secretary Patricia Hewitt said today.
A Labour government will drive forward the
economic and industrial policy that Ed Miliband, Ed Balls and Chuka Umunna have been developing to create
more high quality jobs in every region of the country by
reforming our banking sector, modernising our infrastructure, and working with businesses to get the long - term investment we need in growing SMEs and the high productivity, growth industries of the future.