Most of the Ministry and Foreign Affairs 600 staff will have to reapply for their jobs under a radical restructuring proposal that could see up to 300 jobs go and lucrative allowances for staff on overseas postings whittled back to boost pay packets back home. Staff will be told on Thursday about proposals to cull … Continue reading
Provisional estimates show that quarterly gross domestic product (GDP) growth in the OECD area decelerated sharply to 0.1% in the fourth quarter of 2011, against 0.6% in the third quarter. Source: oecd.org Quarterly National Accounts – GDP Growth – Fourth Quarter 2011, OECD.
The Czech Republic’s Statistics Office says the country’s economy shrank by a 0.3 percent in the final three months of 2011 to slip into recession after a brief recovery. The economy contracted for the second consecutive quarter after it was down by 0.1 percent in the third quarter — the technical definition of a recession. … Continue reading
The chart here offers one of the better recent snapshots of the American economy that you will find. The blue line shows the rate at which the government — federal, state and local — has been growing or shrinking. The red line shows the same for the private sector. Quarterly change at seasonally adjusted annual … Continue reading