In the weeks leading up to COP21, IEA Executive Director Dr Fatih Birol noted that «the fact that over 150 countries — representing 90 %
of global economic activity and nearly 90 % of global energy - related greenhouse gas emissions — have submitted pledges to reduce emissions is, in itself, remarkable».
Using a detailed computer simulation
of global economic activity and climate processes, they ran the model 400 times with possible tweaks.
The determination
of global economic activity in recent years has been influenced importantly by capital gains on various types of assets, and the liabilities that finance them.
Some popular South American funds rely heavily on oil and metals that are tied to the level
of global economic activity, such as iron and copper, but the region has more than that to offer.
The tropics also have outperformed the rest of the world in economic growth over the past 30 years; it now represents approximately 18.7 %
of global economic activity, up from 14.5 % in 1980.
«The economic outlook in the region is closely linked to global developments, primarily through the impact
of global economic activity on oil prices,» Beyhum says.
But collectively, its 27 member states still represent the world's largest single market, accounting for one - fifth
of global economic activity.
They ignore the fact that the EU's 28 member countries comprise the world's largest single market, equal to about one - fifth
of global economic activity.
The price of oil largely reflects the level
of global economic activity.
Not exact matches
Manufacturing, which accounts for about 12 percent
of U.S.
economic activity, is being supported by strong domestic and
global demand.
Analysts attribute the turbulence in
global bond markets to emerging signs
of firmer
economic activity and expectations
of higher inflation.
Such risks, uncertainties and other factors include, without limitation: (1) the effect
of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels
of end market demand in construction and in both the commercial and defense segments
of the aerospace industry, levels
of air travel, financial condition
of commercial airlines, the impact
of weather conditions and natural disasters and the financial condition
of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization
of the anticipated benefits
of advanced technologies and new products and services; (3) the scope, nature, impact or timing
of acquisition and divestiture or restructuring
activity, including the pending acquisition
of Rockwell Collins, including among other things integration
of acquired businesses into United Technologies» existing businesses and realization
of synergies and opportunities for growth and innovation; (4) future timing and levels
of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability
of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope
of future repurchases
of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level
of other investing
activities and uses
of cash, including in connection with the proposed acquisition
of Rockwell; (7) delays and disruption in delivery
of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits
of organizational changes; (11) the anticipated benefits
of diversification and balance
of operations across product lines, regions and industries; (12) the outcome
of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact
of the negotiation
of collective bargaining agreements and labor disputes; (15) the effect
of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect
of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions,
global trade policies and currency exchange rates in the near term and beyond; (16) the effect
of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act
of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability
of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition
of conditions that could adversely affect the combined company or the expected benefits
of the merger) and to satisfy the other conditions to the closing
of the pending acquisition on a timely basis or at all; (18) the occurrence
of events that may give rise to a right
of one or both
of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee
of $ 695 million to United Technologies or $ 50 million
of expense reimbursement; (19) negative effects
of the announcement or the completion
of the merger on the market price
of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation
of their businesses while the merger agreement is in effect; (21) risks relating to the value
of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability
of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
«The disappointing performance in export
activity suggests that the loss
of export competitiveness from the strong dollar and the weak
global backdrop are becoming a net drag on U.S.
economic activity,» said Millan Mulraine, deputy chief economist at TD Securities in New York.
«Recent
global economic and financial developments may restrain
economic activity somewhat and are likely to put further downward pressure on inflation in the near term,» the Fed's Board
of Governors said in a statement.
These include the potential adverse effects on European
economic activity, on the perceived health
of the
global banking system, and on broader financial market conditions.
But this was mostly from the decline in real
economic activity in the United States and Europe and the scaling back
of global operations, including trade credit, by banks based in the major economies.
«It stands to reason that the decline that we've seen over recent weeks is a reasonable signal that the pace
of economic activity has flipped,» said Nick Chamie,
global head
of emerging markets research at RBC Dominion Securities Inc..
Therefore, the value
of the US Dollar was deliberately reduced in an effort to increase
global economic activity.
Despite sanctions to date, North Korea's economy is estimated to have grown by four to six per cent annually over the last three years due to increased
economic autonomy, agricultural reforms and better weather conditions, favourable
global market prices, and networks
of lucrative, illicit
activities.
Copper also responds fairly directly to the level
of economic activity, and it too signals a sluggish
global economy.
If there's a bright spot for the province, however, it's that the ongoing disruption
of Alberta oil sands production — estimated by the Conference Board
of Canada to be about 1.2 million barrels a day, comprising nearly $ 1 billion in
economic activity — has contributed to a rally in
global oil prices that could give producers, and therefore the Alberta economy, a badly - needed lift once production is finally back on - line (assuming,
of course, the fires are eventually extinguished and oil sands operations escape serious damage).
The main uncertainties in the
global environment concern the United States, where some slowing in
activity is widely expected, and Japan, where the strength and durability
of the
economic recovery remain uncertain.
The consolidated structure
of the iron ore industry, and geographic separation from competing
economic activities, appear to have facilitated a rapid pick - up in transport capacity in response to strong
global demand and prices.
Additionally, earnings outside
of Canada tend to me more sensitive than Canadian earnings to
global economic activity (see the chart below).
The report by Caterpillar, which serves as a proxy for
global economic activity,
of its quarterly results on April 24 set off the broader concerns that industrial companies» financial results may have already reached peak levels.
The
global economic environment is supportive, and monetary policy looks set to add further to domestic
activity, with the ECB seemingly awaiting signs that inflation is beginning to move closer to its target
of around 2 % before moving to a less accommodative stance.
The rise in yields began to unwind in late March, however, in response to the fall in
global equity prices and growing concern about the impact
of higher oil prices on
global economic activity.
All else equal, the stronger exchange rate would have a dampening influence on
economic activity, although an important offset to this is the related improvement in the terms
of trade and stronger
global demand.
«Recent
global economic and financial developments may restrain
economic activity somewhat and are likely to put further downward pressure on inflation in the near term,» the Fed said in its policy statement following the end
of a two - day meeting.
Other signs
of global reflation include a rebound in inflation expectations from mid-2016 lows, a bottoming out in core inflation and wages, and a synchronized pick - up in
economic activity indicators and corporate earnings estimates.
This is hypothesized to happen for many different reasons, including a decline in the competitiveness
of other
economic sectors (caused by appreciation
of the real exchange rate as resource revenues enter an economy, a phenomenon known as Dutch disease), volatility
of revenues from the natural resource sector due to exposure to
global commodity market swings, government mismanagement
of resources, or weak, ineffectual, unstable or corrupt institutions (possibly due to the easily diverted actual or anticipated revenue stream from extractive
activities).
Many careful observers believe that human
economic activity is already at an unsustainable level in many parts
of the world and even globally, as indicated by
global warming.
Also, if we think
of our
economic wellbeing as having to do with the future as well as the present, then we must consider how present
activities contribute to a
global warming that will be extremely costly to us and to our descendants.
First used to refer to the new
global economy, it now encompasses the great new phenomenon
of our time — the process by which all scientific, cultural, religious and
economic human
activity is being integrated into one worldwide network.
Instead
of destroying all boundaries for the sake
of one homogeneous
global market, it calls for the subordination
of economic activity to the building up
of human community, and community with the natural environment as well.
Addressing journalists on behalf
of other Governors shortly after a closed door meeting
of the Owner States Governors at the Cocoa House Ibadan, Governor Olusegun Mimiko
of Ondo state stated that the meeting was aimed at restrategising the
activities of the company and take some relevant far - reaching decisions to reposition the Investment and as well boost its
economic base in line with the
global economic trends.
«From the Adirondacks to Niagara Falls, New York has unparalleled tourism assets that support businesses in a variety
of sectors, and by raising the State's profile to
global tourists we are helping to attract
economic activity and create jobs in communities across the State.»
Similarly, investments in research through the National Institutes
of Health, National Science Foundation, the Defense Advanced Research Projects Agency and the Advanced Research Projects Agency for Energy, to name a few, have resulted in billions
of dollars in
economic activity, created thousands
of jobs, and help position the U.S. to maintain its
global leadership in innovation.
For the industrial era, Lovejoy's analysis uses carbon - dioxide from the burning
of fossil fuels as a proxy for all man - made climate influences - a simplification justified by the tight relationship between
global economic activity and the emission
of greenhouse gases and particulate pollution, he says.
Today we understand the impact
of human
activities on
global mean temperature very well; however, high - impact extreme weather events are where the socio -
economic impacts
of a changing climate manifest itself and where our understanding is more in its infancy but nevertheless developing at pace.
The scientific evidence for
global warming and for humanity's role in the increase
of greenhouse gasses becomes ever more unimpeachable, as the [United Nations] IPCC [Intergovernmental Panel on Climate Change 4th Assessment Report] findings are going to suggest; and such
activity has a profound relevance, not just for the environment, but in ethical,
economic, social and political terms as well.
Another threat, environmental, is represented by the depletion
of natural resources
of the planet, the uncontrolled growth
of cities and the catastrophic
global climate change that tends to produce serious impact on
economic activities and increased social problems
of mankind.
Global shifts in
economic activity and power has seen a resurgence
of the Asian market - is this inevitable?
The worst thing I have witnessed in education in 2008 is the continuous action based on personal interests and advantages
of many local and
global economic and political players losing the main objective
of «education as a fun
activity,» and thus
of encouraging and inspiring young children through play and simple but innovative teaching methods that foster critical thinking, teamwork, and the urge to learn more for the sake
of learning and not for meeting set standards.
(As
of 3/31/18)-- We believe the environment for small capitalization companies in the U.S. remains positive due to lower tax rates, reduced regulation, increased merger and acquisition
activity, and good
global economic growth.
Additionally, earnings outside
of Canada tend to me more sensitive than Canadian earnings to
global economic activity (see the chart below).
Keep in mind that this isn't «your father's» Visteon, as the company will exit bankruptcy permanently improved and completely transformed, offering investor's both a 1) quick, high - return, relatively risk - free arbitrage and / or 2) an inexpensive way to play any upturn in — or at least the stabilization
of —
global auto sales and
economic activity in general.
By adopting a
global perspective, investors gain access to a larger pool
of potentially great companies, more direct exposure to
economic growth potential outside the U.S., the potential for exposure to less - covered (and therefore potentially more undervalued) companies, and the demonstrable diversification effects created by currency exposure (as well as the natural gives and takes
of economic activity around the globe).
The pace
of global growth moderated, primarily driven by weaker
economic activity indicators in Europe.
In this work, a painting «too big to be seen», Calame integrates the physical structure
of this private, «epicenter
of global economic power» with the very public, almost invisible marks
of urban
activity.