Yet, he also warned of the obstacles still pre

#1 von huge12345 , 28.01.2019 04:56

UNITED NATIONS Jonnu Smith Jersey , March 20 (Xinhua) -- UN Secretary-General Ban Ki-moon on Friday called for efforts towards a world filled with happiness.

"The pursuit of happiness is serious business. Happiness for the entire human family is one of the main goals of the United Nations," Ban said in his message to mark the annual observance of the International Day of Happiness, which fell on Friday.

"Peace, prosperity, lives of dignity for all -- this is what we seek," Ban said. "We want all men Taywan Taylor Jersey , women and children to enjoy all their human rights. We want all countries to know the pleasure of peace."

He also hoped that people and planet alike will be blessed with sustainable development and be spared the catastrophic impacts of climate change. The UN chief called on people to give thanks for " what makes us happy," and to dedicate the efforts to filling the world with happiness.

In April 2012, the UN held a high-level meeting on "Happiness and Well-Being: Defining a New Economic Paradigm" at the initiative of Bhutan, a country which recognized the supremacy of national happiness over national income since the early 1970s and famously adopted the goal of Gross National Happiness over Gross National Product.

In June of that year, the UN General Assembly adopted a resolution proclaiming March 20 the International Day of Happiness to recognize the relevance of happiness and well-being as universal goals and aspirations in people's lives and the importance of their recognition in public policy objectives.

by Alessandra Cardone

ROME, March 31 (Xinhua) -- Despite a recent reduction of industrial turnover and sales Adoree' Jackson Jersey , Italy is still on its way to a full recovery thanks to a combination of favorable factors and country's own efforts, an Italian analyst has said.

In January 2015, Italian industrial sales fell by 1.6 percent in seasonally adjusted terms compared to the previous month, showing a 3.1 percent decrease in foreign demand, the National Institute for Statistics (ISTAT) stated in late March.

This result reversed a 1.4 percent gain on monthly basis shown in December.

Industrial production and orders also decreased in January, and this uncertain trend fueled new concerns that the country might still be unable to leave its six-year-long economic crisis behind.

Yet Corey Davis Jersey , some experts suggested the industrial decrease hide different tendencies among sectors and type of goods and that it should not be a matter of excessive concern.

"The reduction seems to be mainly associated with the 27 percent oil-related-product price fall," Piero Esposito with the School of European Political Economy at LUISS University in Rome told Xinhua.

"The decrease in oil prices spilled over to the whole energy sector, with a 13.6 percent decrease, and, to a lower extent, to have ripple effect on all other branches of the economy Harold Landry Jersey ," he added.

Yet, there were also positive signs. The production of transport equipment increased its turnover by 10 percent, and the automotive sector grew by 18.9 percent. These data coupled with a 14.7 percent increase in orders.

Therefore, the economist seemed confident.

"Despite the negative figures, I believe Italy is finally on its way to a full recovery: domestic demand is improving, early employment data (for January) were encouraging and the low exchange rate with the U.S. dollar is giving a boost to trade performance Rashaan Evans Jersey ," he explained.

On March 31st, a preliminary statistics from ISTAT actually showed unemployment increased again in February to 12.7 percent from 12.6 percent in January.

Still, the indexes for business and consumer confidence were both on the rise in March, the latter at its highest level since 2008.

"There is optimism about our economy in the current and the next year," the expert confirmed.

These expectations would be justified by two main factors. Firstly, positive effects are expected from the bond-buying program of the European Central Bank (ECB) Marcus Mariota Jersey , the so-called Quantitative Easing (QE); secondly, the low energy prices would likely boost Italian exports and production.

"The QE will relax the pressure on Italy's public finances in terms of debt repayment. Some early estimates indicate the lower interest rate connected with the ECB asset purchases may free between 5 billion and 10 billion euros of resources," Esposito said.

The QE program would also reduce the pressure on the country's financial system.

"The injection of liquidity is expected to increase the supply of credit to the real economy, although our financial system still suffer from some backwardness. Finally, the effect of the QE on the exchange rate is giving a boost to the export performance as the latest data show," Esposito said.

On the other hand Tennessee Titans Hats , the current low energy prices would give an additional stimulus to Italy's production thanks to a reduction in the costs of inputs.

"This is likely to increase the competitiveness of our exports as well, since Italy depends more on external energy sources than the rest of Europe".

These favorable conditions in the global economy would combine with domestic factors: a positive outcome expected from the on-going reform process in Italy, especially from a labor market reform; and a boost to domestic demand likely resulting from two major events such as the EXPO Milan 2015 starting in May; and the Jubilee opening in Rome few months later.

"These factors combined will surely improve Italy's growth prospects," the economist said.

Yet, he also warned of the obstacles still present on the path to recovery, most of which are connected with the government's ability to implement reforms improving structural competitiveness.

"I especially refer to the historical problems affecting Italy: the slow justice system Tennessee Titans T-Shirts , the excess of red tape, and the slowness in implementing ICT and other new technologies," he said.<

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