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BREAKING NEWS
Almost half of the rural population lives on less than USD 2.80 a day
The unemployment rate for women increased from 5.7% to 7.4% between 2019 and 2020
In one year, more than 650,000 people lost their jobs; index would recover in four years, according to experts
Information technology (ICT) reduced the digital divide in the country
Fishing sector rejects proposal to expand the Galapagos marine reserve
Municipality of Guayaquil announces that it will acquire the Russian vaccine Sputnik V, the Chinese Sinovac and the Oxford doses
Flights in Ecuador fail to recover the frequencies of before the pandemic
Achievements of digital transformation are exposed in “A Digitized Country, A Modern Country”
Yaku Pérez: ‘I am not a supporter of violence; I am adept of a resistance ‘
If the bill for the Defense of Dollarization in Ecuador is not approved, the next IMF disbursement of $ 450 million would be put on hold

Obama predicts an increase of the economy by 2015

Posted On 05 Mar 2014
Obama predicts an increase of the economy by 2015

Obama predicts an increase of the economy by 2015

According to the 2015 draft budget of President Barack Obama, the United States deficit will drop to a 3.7% of the gross domestic product (GDP) in 2014 and a 3.1% in 2015, while the economy will grow a 3.1 % this year and a 3.4 % next year.

On the other hand, inflation should go from 1.6% to a 2% in 2015 and the unemployment rate would fall to 6.4% in 2015. The Government’s proposal says that the budget deficit, which had expanded after the crisis of 2008, can be brought quickly to more comfortable levels and fall to 564.000 billion dollars, or 3.1% of GDP in the fiscal year that starts October 1.
However, Obama believes that the project will be blocked in Congress, since it includes increases in certain taxes and increase of expenses which the Republican opposition has rejected.
The budget for the fiscal year that begins in October is projected at 3.9 billion dollars, with a modest increase of 6.8% over the past year.
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Almost half of the rural population lives on less than USD 2.80 a day

Posted On 04 Mar 2021

The unemployment rate for women increased from 5.7% to 7.4% between 2019 and 2020

Posted On 04 Mar 2021

In one year, more than 650,000 people lost their jobs; index would recover in four years, according to experts

Posted On 04 Mar 2021
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