The U.S. Reduces Trade Barriers with Indonesia; Signed a $10B Deal
Fri Apr 21, 2017
The America works towards reducing trade barriers with Indonesia which were the focus during the visit of U.S. Vice President Mike Pence with Jakarta’s Investment Chief.
Indonesia, being one of the 16 countries that will be reassessed of its trade surpluses. Pence said that they aim for a business environment where there will be an ‘equal opportunity’ and market entry. There are too many barriers that hamper local and international industries in trading. Both parties refused to discuss the issue with the recent dispute between them.
They also talked about the fight against terrorism while it has been mentioned in the past that Indonesia has concerns with the entry of its people that are majority Muslims.
On Friday, the $10 billion worth of directive between U.S. companies and Indonesia was signed which opens opportunities for both nations.
Inflation Weighed on the Economy of Britain
Mon Apr 24, 2017
The British economy has cooled significantly in the months of January to March this year because higher inflation put pressure on disposable incomes. The Office for National Statistics is scheduled to publish the estimated GDP data for the first quarter this Friday.
Great Britain almost forgot the impact of the Brexit referendum on June and had an unexpectedly quick recovery. The growth rates in the third quarter of 2016 reached 0.5% while 0.7 for the last quarter.
Based on the forecast of city economists, the country will experience an arduous year ahead linked with a 0.4$ steep decline on growth during the first three months of 2017.
The country previously earned 0.2% which is considered as the weakest performance in the Q1 of 2016.
Moreover, the sterling became weaker which increased the price for imports and drove the inflation towards its three-year high obtaining 2.3%.
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