December 15, 2016/Reuters South Africa’s central bank has imposed fines on the local branch of France’s Société Générale and Barclays Africa’s retail banking unit Absa over weaknesses in their measures to combat money laundering and the financing of terrorism, it said on Thursday. It however said the two banks, fined […]
Updates
Unemployment Rises to 13.9% in Q3’16 from 13.3% in Q2’16
Culled—Proshare December 15, 2016/NBS In computing the unemployment rate, the total population is divided into labour force (currently active) and non‐labour force (not currently active). The labour force population covers all persons aged 15 to 64 years who are willing and able to work regardless of whether they have a […]
Why Productivity Growth is Faltering in Aging Europe and Japan
December 9, 2016/iMFdirect By iMFdirect Many countries are experiencing a combination of declining birth rates and increasing longevity. In other words, their populations are aging. And graying populations pose serious issues for people, policymakers, and society. Health care costs rise, mainly because older people need more of it. Pension payments—whether […]
