THURSDAY, 12 DEC 2019

 

CONNECT

Facebook Linked In Twitter
GAP_Group_2019_728x90px
Invest Cyprus 30/04-30/03/2019
IMH LTD

Elizabeth Spehar: We Still Have a Long Way to Go for A Cyprus Settlement

Costas Kadis: “Cyprus Seeks Regional Cooperation to Address Climate Change”

IMH LTD
GAP_Group_2019_468x60px

ECONOMY

PwC: Asian Economies Benefiting from US-China Trade Tensions

PwC: Asian Economies Benefiting from US-China Trade Tensions

The initial round of tariffs imposed by the US government on China imports has started to make significant and demonstrable impacts on global trade, according to PwC’s Global Economy Watch.

Specifically, it highlights that US imports from China fell by around 15% year on year in the first quarter of 2019. This fall has created opportunities for other regional trading partners, with imports to the US from a group of eight other Asian economies–Bangladesh, India, Indonesia, Malaysia, South Korea, Taiwan, Thailand and Vietnam–growing by more than 16%.

The current edition of Global Economy Watch also evaluates concerns about the risk of another global recession, as trade tensions impact on business sentiment and demand for exports.

Growing energy efficiency offers opportunity for future

In a special report on global energy, PwC has also found that the world economy is using energy much more efficiently in the creation of economic growth. In 1990 it required around 181kg of oil equivalent to produce $1,000 of global GDP in PPP terms. In 2015, it needed 123kg, an improvement in efficiency of more than one-third. This trend has further to run, which means that $1,000 of GDP could be generated by 78kg of oil equivalent by 2040. The report identifies the two drivers of the trend as structural economic change and technological progress.

Becoming more energy efficient is crucial in limiting climate change, while also ensuring that the global economy continues to grow and the world’s population becomes more prosperous.

The latest Global Economy Watch is available to read here

 

MORE ON ECONOMY

Revenue from Tourism for September 2019

On the basis of the results of the Passenger Survey released by CyStat, revenue from ...

President Expresses Satisfaction Over Strict CySEC Checks, Fines of €7.5 Million Imposed in 2018

Cyprus Securities and Exchange Commission (CySEC) has imposed fines of a value of €7. ...

How Much Are Households Spending On Food?

In 2018, households in the European Union (EU) spent over €1 047 bn (equivalent to 6. ...

FROM AROUND GOLDNEWS

   

Revolutionizing the Insurance Industry with AI

Cyprus FinTech Expo 3.0 The Cyprus FinTech Expo 3.0, which is to take place on Thursday, 16 January 2020 at Hilton Park Hotel, Nicosia, is presented by IMH. ...
   

Aramco Shares Jump in World's Biggest Ever Market Debut

Saudi Aramco's stock rose sharply as the world's biggest share listing got underway in Riyadh, rising 10% above the initial public offering price, the ...
   

Meet The Stars at The Limassol Star Speaker Show Tomorrow

Hellas Direct presents The Limassol Star Speaker Show tomorrow (Thursday, 12 December) at the Carob Mill Complex in Limassol. The world is moving fast, ...
   

Costas Kadis: “Cyprus Seeks Regional Cooperation to Address Climate Change”

Cyprus, as a small country, seeks regional cooperation in order to address climate change, said Minister of Agriculture, Rural Development and Environment ...
   

US Congress to Lift Arms Embargo On Cyprus

The United States Congress is expected to approve by Thursday the lifting of the embargo concerning the sale of US arms in the territory of the Republic of ...
   

Leptos Kamares Village Fireplaces in Winter

In the few winter days, if it’s cold outside, there is no better place to be than in front of a cozy fireplace; crackling wood, dancing flames and tiny ...
   

Can People Afford Medical Care in Your Country?

In the European Union (EU), 3.6% of people aged 16 and above reported unmet needs for medical examination or treatment in 2018, following data released by ...
   

Elizabeth Spehar: We Still Have a Long Way to Go for A Cyprus Settlement

United Nations Secretary-General’s Special Representative and Deputy Special Advisor Elizabeth Spehar said on Tuesday that “the inability to get ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Altamira_High_02/12-31/12_300x250px
Primetel_25/10/2019-25/02/2020_300x250px

IMH LTD