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TALLINN Cheap Titans Jerseys , June 8 (Xinhua) -- The euro area economic growth forecast was revised upwards and the risks surrounding the growth outlook are considered to be broadly balanced, the European Central Bank (ECB) president said here on Thursday.
"These projections foresee annual real GDP increasing by 1.9 percent in 2017, by 1.8 percent in 2018 and by 1.7 percent in 2019. Compared with the March 2017 ECB staff macroeconomic projections, the outlook for real GDP growth has been revised upwards over the projection horizon Cheap Derrick Morgan Jersey ," ECB President Mario Draghi told a press conference after a governing council meeting.
On the economic analysis, Draghi said that euro area real GDP increased by 0.6 percent in the first quarter of 2017, compared to a 0.5 percent growth in the last quarter of 2016. Incoming data, notably survey results Cheap Brett Kern Jersey , continue to point to solid, broad-based growth in the period ahead.
"Our monetary policy measures have facilitated the deleveraging process and should continue to support domestic demand. In particular, the recovery in investment continues to benefit from very favorable financing conditions and improvements in corporate profitability," he noted.
"Employment gains Cheap Jurrell Casey Jersey , which are also benefiting from past labor market reforms, are supporting real disposable income and private consumption," Draghi added.
Moreover, the global recovery is increasingly supporting trade and euro area exports. However Cheap Avery Williamson Jersey , economic growth prospects continue to be dampened by a sluggish pace of implementation of structural reforms, in particular in product markets, and by remaining balance sheet adjustment needs in a number of sectors, notwithstanding ongoing improvements Cheap Ryan Succop Jersey , said the ECB president.
About the risks surrounding the euro area growth outlook, Draghi said that on the one hand, the current positive cyclical momentum increases the chances of a stronger than expected economic upswing. On the other hand, downside risks relating to predominantly global factors continue to exist.
Earlier Cheap Wesley Woodyard Jersey , he also announced that the ECB decided to keep the key ECB interest rates unchanged, expecting them to remain at their present levels for an extended period of time, and well past the horizon of net asset purchases.
The June 2017 Eurosystem staff macroeconomic projections for the euro area also foresee annual headline inflation at 1.5 percent in 2017, 1.3 percent in 2018 and 1.6 percent in 2019. By comparison with the March 2017 ECB staff macroeconomic projections Cheap DaQuan Jones Jersey , the outlook for headline Harmonized Index Consumer Prices (HICP) inflation has been revised downwards, mainly reflecting lower oil prices, said Draghi.
The ECB monetary policy measures have continued to preserve the very favorable financing conditions that are necessary to secure a sustained convergence of inflation rates towards levels below, but close to Cheap Ben Jones Jersey , 2 percent over the medium term, according to the ECB president.
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BANDAR SERI BEGAWAN， May 10 (Xinhua) -- Brunei is going to hold Economic Census of Enterprises 2016 and all businesses in Brunei are required to fill in a questionnaire on their revenue and spending， which will be compiled for the census starting this month， local media reported Tuesday.
Brunei's Department of Economic Planning and Development (JPKE) said the census will cover about 8，000 registered companies to gather detailed information on their businesses.
Acting Director-General of JPKE Hj Abd Amin told media that the census aims to collect comprehensive and latest information pertaining to the growth， contribution， composition and distribution of the economic activities undertaken by business enterprises.
The census will cover all active registered businesses in the sultanate， whether it is proprietorship， partnership， branch of a foreign company， private limited company and others， such as cooperatives and non-profit institutions.
Registered businesses that have yet to start or did not undertake any economic activities during the year are also required to fill in and return the questionnaire.
The department added that the data will be used in the compilation of the national accounts statistics， particularly for the calculation of the gross domestic product to determine the latest contribution of the private sector to the country's economic growth.
Results will also be able to assist the government in development planning and formulating policies， said the acting director-general.
JPKE also ask for cooperation from all companies in providing the most accurate information as possible， so that the results of the census can give an accurate picture of the country's economic situation.
A group of islands that are located at junction of the two mighty bodies of water namely the Atlantic Ocean as well as the Gulf of Mexico; Florida Keys do present very idyllic and a varied playground for thousands of paddlers of all the stripes. It is situated at southernmost tip of the United States of America. The archipelago has more than one thousand seven hundred islands which trace a very elegant arc from the just outside of the Miami all way to the Key West, and small distances between each of the individual keys do make all of them perfect and ideal for the day trips as well as the back-country tours. The Key West kayaking tours are loved by many travellers. |
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