Boards chew on economic development plan
CSU prof named to federal economic advisory committee
Economic development effort faces funding cut
Economic development group for Northeast Ohio focuses on 'smart regionalism'
Economic indicators creep up in October
Fishman to build $350m Ottawa residential project - Jerusalem Economic Corporation and Darban Investments will build1,100 apartments and 1,200 shops adjacent to the Bridlewood Mall
Former county manager to lead economic think tank
Greeley City Council delays decision about economic development incentives
High Point Economic Development Corp. reports banner year
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MK Avraham delays arrangement bill - Finance Minister Hirchson wants the Knesset Finance Committee to handle the 2007 budget and economic arrangements bills together
Nakaima wins Okinawa race - Economic issues appear to win out over U.S. base opposition
Navajo foundation to promote health, violence prevention, economic strength
Newspaper publisher Wood to leave to lead Valley Economic Partnership
Okinawa economic woes trump base ills for voters
On wings of change - Williams Gateway gradually growing into a major economic force in the Valley
The week ahead - Economics
The World Economic Forum returns to Jordan for its Middle East meeting next year
U.S.-funded project to stimulate growth in Nicaragua Rural businesses in western Nicaragua - will receive U.S. aid to reduce poverty through economic growth




 


The week ahead - Economics

Gross domestic product figures for the third quarter, due on Friday, are expected to show economic growth running at close to its long-term trend rate. Trevor Williams, economist at Lloyds TSB, expects the data to show 0.7 per cent growth in the third quarter, taking the rate for the 12 months since the same period last year to 2.8 per cent.

Elsewhere, October's public-sector finances data is released tomorrow and on Wednesday, September's figures for average weekly earnings come out, along with the third-quarter index of hourly labour costs.

Soaring personal insolvencies are likely to translate into bumper results this week for two providers of individual voluntary arrangements, writes Dan Atkinson.

Debt Free Direct, one of the country's best-known IVA suppliers, is expected to report tomorrow pre-tax profits for the six months to October 31 of about 4.6 million, against 1.7 million a year ago. Rival Debtmatters, which reports interims on Tuesday, is forecast to show itself on course for 8.3 million in the full year, about 40 per cent of which will have been made during the six months to September 30.

IVAs are an alternative to bankruptcy for people heavily in debt, where lenders agree to write off part the debt in return for the debtor undertaking to repay the rest. Firms such as Debt Free Direct and Debtmatters put together IVAs and then propose them to creditors.

In the third quarter of this year, 12,228 IVAs were agreed, a 118 per cent rise on the same period in 2005.