• Monday, November 24, 2014

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Per Capita

Business & Finance

Europe's austerity zombies

IF the facts don't fit the theory, change the theory,” goes the old adage. But too often it is easier to keep the theory and change the facts -- or so German Chancellor Angela Merkel and other pro-austerity European leaders appear to believe. Though facts keep staring them in the face, they continue to deny reality. Austerity has failed. But its defenders are willing to claim victory on the basis of the weakest possible evidence: the economy is no longer...

GDP growth 6.12pc

GDP growth 6.12pc

The gross domestic product (GDP) growth in the current fiscal year is 6.12 percent, the planning minister said today. The rate of per capita income during the same period stood US$1,180, minister AHM Mustafa Kamal told reporters emerging from a meeting of the Executive Committee of the National Economic Council (Ecnec). According to a draft...

Mic status by 2021

Needs for a middle-income nation

THE Prime Minister Sheikh Hasina once again confirmed that all steps necessary would be taken by her government to achieve the status of middle-income country (MIC) by 2021 while marking the 50th anniversary of our independence. It is important to be clear about how middle-income status is defined-MIC is based on nominal Gross National Income (GNI) measured in Atlas dollars, and economies are divided according to 2012 GNI per capita, calculated using the World Bank Atlas method. The income...

Business & Finance

Advanced malaise

ECONOMICS is often called the dismal science, and for the last half-decade it has come by its reputation honestly in the advanced economies. Unfortunately, the year ahead will bring little relief. Real (inflation-adjusted) per capita GDP in France, Greece, Italy, Spain, the United Kingdom, and the United States is lower today than before the Great Recession hit. Indeed, Greece's per capita GDP has shrunk nearly 25% since 2008. There are a few exceptions: After more than two decades, Japan's economy appears...

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