Global Economy, Economic Environment, Energy, Money & Finance, GDP
The impact of the load-shedding crisis of 2008 is still being felt in South Africa. The cost to the economy of the blackouts that rolled across the country for three months is estimated at R50 billion ($6.5 billion). Under the combined weight of global recession and the self-inflicted wound of massive power cuts, GDP growth slipped to 2.1% in the first quarter of 2008 and ended the year below 4% for the first time in five years.
The Manufacturers Alliance for Productivity and Innovation (MAPI), a leading business research and executive education organization and advocate for manufacturing interests since 1933, announced the election of a new Chairman and Vice Chairman and two new members to its Board of Trustees.
Robust spending on goods in the first quarter of 2012, spurred primarily by pent-up demand to purchase items previously postponed by both consumers and businesses, is enabling manufacturing to continue leading the U.S. economic recovery.
The Eurozone is headed for a recession in 2012, much of it due to concern with the negative effects of the ongoing sovereign debt crisis weighing on both confidence and the outlook, according to the Manufacturers Alliance for Productivity and Innovation (MAPI) European Industrial Outl
The following is an analysis from Daniel J. Meckstroth, Ph.D., Vice President and Chief Economist for the Manufacturers Alliance for Productivity and Innovation (MAPI), regarding the durable goods report for April 2012: