Rob Atkinson’s Post

BC's stable, welcoming government has streamlined regulations and a competitive, pro-business tax system that makes it easy to get started and keep growing. Read our economic snapshot: https://ow.ly/BUfK50Skcse

Have your say on International Trade with this new British Chambers of Commerce survey. This 10-minute survey wants your opinion on some of the big topics for 2024: export barriers, Britain's place in the world, global conflicts, and what you would advise the new PM to prioritise immediately. Your opinion directly shapes the national debate. Our surveys are used extensively by the UK Government, Bank of England, and the media to understand what businesses think. This is your chance to put your views to the new Government. https://lnkd.in/esvyYvXZ? #Cheshire #Crewe #Nantwich #InternationalTrade #WhereBusinessBelongs

Useful overview of areas Canada could tackle as part of a whole-of-government approach to competition. "Looking ahead, Canada faces the imperative of addressing regulatory frameworks that impede competition and productivity, including interprovincial barriers, foreign investment restrictions, and public procurement impediments. By aligning governance practices with OECD best practices, embedding competition principles in broader public policies, and promoting competitive neutrality in markets with state aid support, Canada can pave the way for a more vibrant and competitive economy."

WITH the International Monetary Fund (IMF) projecting moderate growth of 2.4 per cent for TT, the American Chamber of Commerce of TT (AmchamTT) has called on the government to enact strategic reforms and investments to maintain this momentum. Amcham, in a lengthy document, offered dozens of suggestions to the Ministry of Finance, ahead of the September 30 budget presentation for the 2024/2025 fiscal year. The chamber, and several local regional chambers, extensively addressed key challenges like crime, foreign exchange shortages and food security. Amcham in particular stressed the importance of collaboration between the private sector and the government to drive innovation, diversification, and resilience. "We believe that by focusing on enhancing the business environment, encouraging investment and fostering social development, we can significantly impact the nation's economic trajectory," Amcham said in the introduction to its recommendations." Click here to read more: https://lnkd.in/eZUg62pX

The euro area recommendation presents tailored policy advice to euro area Member States on topics that affect the functioning of the euro area as a whole. This year the focus lies on policy responses to the challenges of high inflation and competitiveness. Euro area Member States should: i) Adopt coordinated prudent fiscal policies and wind down energy support measures, with a view to enhancing public finances' sustainability and avoiding fuelling inflationary pressures. ii) Ensure high and sustained levels of public investment and promote private investment through the acceleration of the implementation of the Recovery and Resilience Facility and Cohesion Policy programmes. iii) Support wage developments that mitigate the loss in workers' purchasing power, taking into account competitiveness dynamics. iv) Monitor risks related to tightening financial conditions, while completing the Banking Union; and v) Enhance competitiveness by improving access to finance, progressing in the Capital Markets Union and ensuring that public support to strategic sectors remains targeted and does not create distortions in the level playing field of the Single Market. #eurozone #competitiveness #inflation

Today was budget day for the UK Government, how did Jeremy Hunt do for your Business? As far as UK businesses trading cross-border this is some of the key highlights. 📈 Stimulating Growth: The budgetary measures aimed at fostering economic growth are encouraging. Investments in infrastructure, innovation, and skills development are crucial for enhancing the competitiveness of businesses engaged in cross-border trade. 💼 Support for SMEs: Small and Medium Enterprises (SMEs) form the backbone of cross-border commerce. The provisions for tax relief, grants, and incentives tailored towards SMEs are vital for their sustainability and growth in the global market. 🌍 International Trade: Given the uncertainties surrounding Brexit and the evolving global trade landscape, it's reassuring to see initiatives aimed at bolstering international trade relationships. Clear guidance, streamlined processes, and support mechanisms for exporters are paramount for navigating post-Brexit challenges. 💡 Innovation and Digitalization: In an increasingly digitized world, investments in technology and digital infrastructure are imperative. The budget's focus on promoting innovation and digitalization aligns with the needs of businesses engaged in cross-border trade, facilitating smoother transactions and market access. 🤝 Collaboration and Partnership: Collaboration between the government and businesses is essential for driving sustainable growth and prosperity. Continued dialogue and engagement channels between policymakers and stakeholders in cross-border trade will be instrumental in addressing emerging challenges and seizing opportunities. #UKGovernmentBudget #CrossBorderTrade #BusinessGrowth #EconomicDevelopment #SMEs #InternationalTrade #Innovation #Digitalization #Collaboration #PostBrexitChallenges

In the context of the public sector, readiness for a single market involves preparing government institutions, policies, and systems to operate effectively within such an integrated economic space.

https://lnkd.in/gKyauXdr Two Sessions, the highest state legislative and policy making institutions, comprising of the National People’s Congress and Chinese People's Political Consultative Conference, usually meet annually in March to deliberate and set out policy priorities and interventions to steer the economy and politics for the upcoming year. Myraid of problems including dwindling FDI and shrinking supply chains, unmanageable local govt debt crisis inducing real estate bankruptcies, a stock market rout of almost $7 trillion, geo-fragmentation, tensions with India, and high unemployment yielding deflationary pressures and stakes for world are high as China is integrally integrated with the global economy. Policy makers and analysts are closely following the outcomes of the two session as it will signal the policy directions for this year- wishing good news to support global growth and prosperity. “When the NPC opens, Li Qiang, who was named premier at last year's session, will deliver his first government "work report", an annual speech of policy priorities that has been compared to the U.S. president's State of the Union address.” Stimulating discussions to witness and follow!

Following the Spring 2024 Economic Forecast, the European Commission has published its European Semester Spring 2024 package, incl. Country reports and country-specific recommendations (CSRs). The Commission has assessed the existence of macroeconomic imbalances for the 12 Member States selected for in-depth reviews in the 2024 Alert Mechanism Report concluding that - FR, ES, PT are no longer experiencing imbalances. - EL and IT are now found to be experiencing imbalances after experiencing excessive imbalances until last year. - SK is now found to be experiencing imbalances. The vulnerabilities related to cost competitiveness, external balance, housing market and household debt have lingered, and policy action has not been forthcoming. - RO is now found to be experiencing excessive imbalances after experiencing imbalances until last year as vulnerabilities related to external accounts, mainly linked to large and increasing government deficits, remain, while significant price and cost pressures have increased and policy action has been weak. - DE, CY, HU, NL, SE continue to experience imbalances. Report under Article 126(3) of the Treaty suggests that the deficit criterion was not fulfilled in 2023 in 10 Member States (BE, CZ, EE, ES, FR, IT, HU, MT, PL, SK). The general government gross debt ratio-to-GDP at the end of 2023 exceeded the 60% reference value in 13 States (BE, DE, EL, ES, FR, HR, IT, CY, HU, AT, PT, SI, FI). The Commission intends to propose the opening of excessive deficit procedures for BE, FR, IT, HU, MT, PL and SK. #EuropeanCommission #EuropeanSemester #imbalances