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Prospects Daily: Global stock markets rallied on Friday

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‘What happens when the economics of everything meets the internet of things?’ is the question tackled in a blog by Trade and Competitiveness Analyst Miles McKenna, who also cites the forthcoming WDR 2016 in a new blog post.
 

Prospects Daily: Global equities decline after US budget talks stall and US consumer confidence falls

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        Photo Source: Nasib Albitar

If you think you are immune to the lure of a soap opera then try watching an Egyptian soap. At first, you will be amused and perhaps even laugh at all the melodrama, but in the end you will most certainly find yourself wondering: Will Alia expose her evil twin sister? Will Omar learn how to read, propose to his beloved and be accepted by her upper-class family?

Prospects Daily: Spanish bonds fall on debt concerns, continued rise in unemployment rate

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The private sector continues to be a critical driver of job creation and economic growth. However, several factors can undermine the private sector and, if left unaddressed, may impede development.  Through extensive face-to-face interviews with managers and owners of firms, the World Bank Group's Enterprise Surveys benchmark the business environment based on actual experiences of firms. A series of blogs, starting today, share the findings from recently analyzed surveys conducted in several countries.

The Namibia Enterprise Surveys consisted of 580 interviews with firms across three regions and three business sectors – manufacturing, retail, and other services. So what are some key highlights from the surveys?

Exports take on average 8 days to clear through customs but varies according to firm size
In 2013, it took a firm in Namibia about eight days to clear exports through customs, which is considerably more than the two days it took in 2006. Despite this increase, the average time to clear direct exports through customs is still about the same as in the upper middle income countries (8 days) and lower than the Sub-Saharan Africa regional average (10 days). Moreover, there is a wide variation across firm size. For a small firm, it takes about 17 days on average to clear exports through customs, compared to around six days for medium-sized firms and about two days for large firms.

Clearing imports, in contrast, through customs is considerably faster in Namibia (five days) than the average for upper middle income countries (11 days) and Sub-Saharan Africa average (17 days).


 

Prospects Daily: Bank deposits are moving out of riskier European countries

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We are witnessing a pivotal moment in a decades-long effort to combat climate change. Last year in Paris, world leaders came together for the first time to commit to keeping global warming below 2°C. With the Paris Agreement in force and negotiators at COP22 in Marrakesh teasing out the details of implementing the Agreement, countries are developing their action plans (or Nationally Determined Contributions, NDCs) to reduce global greenhouse gas emissions. Part of this is looking at how carbon assets could be traded across borders.