Video PUBLISHED: 11:58 18 December 2018 Tony Wenham Ken Venables; Managing Director; Signs Express Norwich Picture: Contributed Archant A publicly-funded team is working across Norfolk and Suffolk to drive economic growth and help the region’s businesses to grow and create jobs. New Anglia Growth Hub, part of the New Anglia Local Enterprise Partnership (LEP), works alongside businesses in Norfolk and Suffolk to deliver almost £2.5m in grants over three years and assisting in the creation of more than 600 jobs. It’s helped more than 7,700 businesses and given 38,500 hours of business support and mentoring.The LEP’s Economic Strategy for Norfolk and Suffolk sets out its ambitions to:• Grow the local economy.• Create 88,000 new jobs. • Create 30,000 successful new businesses.Nigel Best, Head of the Growth Hub, said: “We are helping to transform the economy by providing specific support to businesses with … [Read more...] about Partnership drives economic growth across Norfolk and Suffolk
Economic growth
Government shutdown could rattle already-shaky markets, hobble economic growth
Breaking News Emails Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings. SUBSCRIBE Dec. 17, 2018 / 5:06 PM GMT By Martha C. White President Donald Trump has threatened a partial government shutdown over his demand for more funding to build a border wall, but such a move could have economic as well as political casualties, economists say. With no resolution in sight for lawmakers, and a president at loggerheads even within his own party’s leadership, economists worry that political dysfunction could undercut investor and consumer confidence, hobbling the economy’s chances for continued growth in 2019. “Democrats don’t have much incentive at the moment to make a deal. At the same time, it looks like Trump is digging in,” said Andrew Hunter, senior U.S. economist at Capital Economics. “All of this just doesn’t generally bode well for next year.” A new Capital Economics report … [Read more...] about Government shutdown could rattle already-shaky markets, hobble economic growth
Economic growth to slow in Tennessee but no danger yet of recession despite limited room for future growth
Tennessee's unemployment rate fell to an average 3.7 percent last year and is projected to drop to a mere 3.5 percent for all of 2018 — near an historic low and a level where everyone looking for a job should be able to fine one, according to the state's top economists. In a new economic report to the governor prepared by the University of Tennessee's economic forecasting unit, Economist Matt Murray predicts the rate of economic growth will slow in 2019 but the jobless rate should remain low and workers should have little trouble finding work. "The low unemployment rate in combination with strong job growth points to an economy that is cruising along at or near "full employment"— the idea that everyone who is willing and able to work is employed," Murray said. "While that is a good sign, it does suggest that there is limited room for future growth." Unemployment is forecast to stay near its current levels through 2020 and rise gradually above 4 percent by 2022. Food City … [Read more...] about Economic growth to slow in Tennessee but no danger yet of recession despite limited room for future growth
Confused values in times of rapid economic growth
Martin Rama, Chief Economist for South Asia at the World Bank. The last time I was in Hanoi I felt frightened. As I was returning to my hotel late at night, and was about to cross the beautiful Ly Thai To street, dozens of roaring motorbikes suddenly emerged out of nowhere, thundering in front of me in a frantic and potentially lethal race. It was one of these "games" where one of the motorbikes is chased through town, at very high speed, by all the others. Of course, I had witnessed many of these absurd races when I lived in Hanoi, until 2010. But this time the game seemed wilder. To my surprise, the "players" now included young women, two by motorbike, behaving as dangerously as the young men. And nobody was wearing a helmet. Given the crazy speed of the race, and the acrobatics to touch the chased team, the risk of instant death was high. The horde disappeared like a flash the dark of the night, as rapidly as it had emerged. As the city center … [Read more...] about Confused values in times of rapid economic growth
VN stocks fall for a second day on economic growth worries
Viet Nam News HÀ NỘI — Vietnamese shares fell for a second day due to worries about a slowing global economy. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange dropped 0.85 per cent to close Friday at 952.04 points. The southern market has lost total 0.96 per cent in the last two trading days and a total of 0.68 per cent this week. The HNX Index on the Hà Nội Stock Exchange dropped 0.61 per cent to end at 106.65 points, totalling a two-day decline of 0.95 per cent. The northern market index has decreased by 0.46 per cent this week. The market indices headed down during most of Friday on increased selling pressure. Increased selling pressure hit large-cap stocks, pulling the blue-chip VN30 Index down 1.09 per cent to 918.79 points at the end of the day. Twenty-five of the 30 largest stocks by market capitalization declined, including Vietinbank (CTG), VPBank (VPB), Vietcombank (VCB), food and beverage group Masan (MSN), Military Bank … [Read more...] about VN stocks fall for a second day on economic growth worries