Tag Archives: Growth

Minister for Finance, Public Expenditure and Reform Paschal O Donohue TD and Chief Economist John Mcarthy presenting revised macroeconomic and fiscal forecasts for the period 2019-2023

This afternoon.

Government Buildings, Dublin 2

The revisions reflect a deterioration in the main markets that Irish firms export to, particularly the UK due in large part to Brexit uncertainty and the euro area where the economic cycle has peaked sooner-than-expected.

It also points to a softening in US growth in the short-term as the impact of fiscal stimulus there fades.

Some domestic indicators have also moderated in recent months, it says.

Government cuts economic growth forecast for this year (RTÉ)

Sam Boal/RollingNews

river

The wax continued to rule all in 2016, as 3.2m LPs were sold last year in Britain, outstripping the number of downloads and matching streaming revenue.

This is the format’s best year since its initial decline became apparent in 1991, and a 52% increase on 2015’s total UK LP sales, according to the BPI.

Why? Apparently, it’s down to two things: the migration of older former enthusiasts and ‘young people’ driven to own the physical record after discovering music on streaming services.

READ ON: Record sales: vinyl hits 25-year high (Guardian)

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Far more interesting than watching paint dry.

A fascinating, arguably beautiful 2009 timelapse video capturing the growth of various forms of mould by Russian photographer Nick Lariontsev.

Try to imagine it as a wordless documentary about changing seasons on an alien planet.

Then later, when the mites appear, imagine they’re translucent xeno-deer, grazing.

Come on. You can do this.

petapixel

 

Germany’s Bundesbank tells troubled European nations to stop focusing on trivial things like “growth” and “recovery” and just GET MIT ZE AUSTERITY, JA?