GE (General Electric) is known for the fact that it is a well diversified conglomerate that caters to companies as well as consumers. Now the company’s CEO Jeff Immelt has said that the recovery of the company in the US will be driven more by business investment and less by consumers. As you may be [...]
In what can be heartening news for some, the US economy grew at around 5.9% in the fourth quarter. This is higher than what was reported by the US government last month. This was on the back of better business investment and improved contribution from inventories. Companies like Deere & Co. have shown encouraging results, [...]
CHAPTER 1INTRODUCTION AND THEORETICAL BACKGROUND Economists through out the world are searching for what really are the major determinants of growth of an economy and different policies have been used in pursuit of the answers. The world as large has gone through a lot of economic problems, such as depressions of 1930s, 1970s [...]
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