Pain on home front keeps exports flowing

Article Abstract:

The rate of economic expansion in the UK is starting to slow down, according to Eddie George, governor of the Bank of England. Export orders are still at very high levels, but economic recovery still seems to have not been felt in other sectors. Homeowners are still unable to move, and many employees still fear redundancy. House prices have not risen, and many people still face the problem of 'negative equity.' The housing market is likely to remain weak while interest rates are still rising.

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Shrinking costs mean that anyone can be a star

Article Abstract:

There is a clear trend towards the value produced in industrialised economies being contained in less tangible items, such as new communications technologies, rather than in material goods. Within these dematerialised economies, the products of that economy are infinitely expansible, with many people being able to use the same piece of software, for example. This applies to may different products in the modern world, such as films, broadcast programs and CDs.

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Let's be positive after all the shock treatment

Article Abstract:

New information and communication technologies are changing the ways in which economies grow, according to a special edition of the Organisation for Economic Cooperation and Development's annual Science, Technology and Industry Outlook. Long-term economic growth fuelled by these technologies will not be restricted by the recent terrorist attacks in the US.

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