By WSJ Thu., Feb. 28, 2019 This is the web version of the WSJ’s newsletter on the economy. You can sign up for daily delivery here. The U.S. and China are getting closer to a trade deal, business and consumer sentiment are looking a little emotional, and we finally get a look at full-year GDP. Good morning. Jeff Sparshott here to take you through key developments in the global economy. Send us your questions, comments or suggestions by replying to this email. GETTING CLOSER U.S. Trade Representative Robert Lighthizer said the U.S. was abandoning for now its threat to raise tariffs to 25% on $200 billion of Chinese goods, the strongest sign yet that a trade accord is near. The threat of higher tariffs had shaken world markets and forced U.S. businesses to consider moving operations out of China—while also pressuring Beijing to negotiate a cease-fire, Bob Davis and William Mauldin report. Mr. Lighthizer said that the U.S. and China reached a … [Read more...] about Real Time Economics: Did the Economy Grow 3% in 2018?
Grinchs heart growing 3 sizes
The Electrical and Electronics Institute forecasts the country's shipments will grow by 3.26% to US$64.1 billion (2 trillion baht) in 2019 as major destinations -- Japan, Southeast Asia and Europe -- have healthy economic sentiment. In terms of value, electronic parts are expected to grow by 3.55% in 2019, while home appliance shipments are projected to increase 2.97%. The institute also reported the country's shipment value in 2018 stood at $62.1 billion, a 2.16% increase from 2017. In 2018, electronic parts exports rose by 4.27% to $38.1 billion, with home appliance shipments at $17.5 billion, up 1.01%, and electrical power systems at $6.55 billion, a gain of 2.63%. In terms of shipment destinations, Southeast Asia was top, claiming 18.5% of the 2018 total value (+5.38%), followed by the US at 17.9% (-2.30%), Europe with 14.5% (+8.64%), Japan 11.5% (+12.2%) and China 9.03% (-0.49%). Home appliance shipments fell to many destinations in 2018, such as electrical circuit protection … [Read more...] about Exports forecast to grow 3.26% in 2019
A farmer in Hawaii is thought to be growing the largest and heaviest avocados in the world. Kenji Fukumitsu’s avocados are as big as a newborn baby and weigh over 6lbs each. He donates many of them to a nearby medical centre. Millennial brunch aficionados may need to add a new location to the top of their bucket lists: Hōlualoa in Hawaii. This is where a farmer is growing what are thought to be the world’s biggest avocados, which are both the size and weight of a newborn baby. Kenji Fukumitsu and his family have been harvesting the avocados for around 80 years, and they all come from the same tree, according to Big Island Video News. The tree was first grafted by Fukumitsu’s older brother in 1941 and it continues to bear fruit to this day. Read more: You can now buy avocados the size of your head in Australia for $US12 each The ginormous fruits tend to weigh over 6lbs each, which likely makes them the biggest in the world. “We had so much, all … [Read more...] about A farmer in Hawaii is growing record-sized avocados that weigh as much as a newborn baby
GENEVA (Reuters) - The United Nations expects the global economy to grow 3.0 percent this year and in 2020, slightly below a 3.1 percent expansion in 2018, it said on Monday. But urgent and concrete policy action is needed to put the world on track to meet the U.N.'s goals for eradicating poverty by 2030, it said in its annual economic forecast, the "World Economic Situation and Prospects". "There are plenty of yellow lights flashing and some of those yellow lights are almost certainly likely to turn red over the coming year, with very unpredictable consequences," said Richard Kozul-Wright, head of globalization and development strategies at the U.N. economic agency UNCTAD. "Growth is fragile, huge uncertainties remain, risks are looming. We have not broken away from the legacy of the financial crisis of 2008-2009. We are still in a new abnormal." The report said employment was rising but job quality remained low and far greater economic growth was needed in Africa to get people out of … [Read more...] about UN sees global economy growing 3 percent in 2019 but beset by risk
Prime Minister Nguyen Xuan Phuc addressed the teleconference on January 3 (Photo: VNA) Hanoi (VNA) – The GDP and production value of the agricultural sector is hoped to expand over 3 percent and over 3.11 percent respectively in 2019, heard a teleconference on January 3, which was held to review the sector’s achievements during 2018. The sector’s export turnover is set to reach over 43 billion USD, while at least 50 percent of communes and 70 district-level units are expected to be recognised as new-style rural areas in the year ahead. The forest coverage is projected to reach 41.85 percent. At the event, Prime Minister Nguyen Xuan Phuc asked the Ministry of Agriculture and Rural Development (MARD) to accelerate the sector’s restructuring in connection with growth model reform, rural economic development, and new-style rural building. He called for more efforts in developing markets, supply-demand forecast work, and building branding for Vietnamese … [Read more...] about Agricultural sector’s 2019 GDP hoped to grow 3 percent