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July 1, 2009

UK Economy Shrinks Most In 50 years

 

 

The UK economy shrank by the most in more than half a century in the first three months of the year, according to revised figures which were much weaker than originally estimated.

 

Read more: http://globaleconomicnews.blogspot.com/2009/07/uk-economy-shrinks-most-in-50-years.html

 

Tags: UK, UK Economy, Economic contraction, Capital Economics, UK National Accounts, Triple-A rating, GDP, Fitch, FT, Global Economic News, S&P, Standard and Poor’s, Inventories,  Office for National Statistics, 

Filed under  //   Capital Economics   Economic contraction   Fitch   FT   GDP   Global Economic News   Inventories   Office for National Statistics   S&P   Standard and Poor’s   Triple-A rating   UK   UK Economy   UK National Accounts  
Posted by Kxlsyd 

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June 24, 2009

World Bank Cuts 2009 Global Growth Forecast

The World Bank has cut its 2009 global growth forecast, saying the world economy will shrink by 2.9 percent and warning that a drop in investment in developing countries will increase poverty.

 

"The global recession has deepened," the Washington-based multilateral lender said in a report.

 

Read more: http://globaleconomicnews.blogspot.com/2009/06/world-bank-cuts-2009-global-growth.html

 

Tags: World Bank, GDP, Investment, Credit, China, India, Eastern Europe, Central Asia, Caribbean, North Africa, Global Economic News, Developing Economies, Global Trade, Global recession, Unemployment, Global Development News, Global Blog Network, Economics, 

Filed under  //   Caribbean   Central Asia   China   Credit   Developing Economies   Eastern Europe   Economics   GDP   Global Blog Network   Global Development News   Global Economic News   Global recession   Global Trade   India   Investment   North Africa   Unemployment   World Bank  
Posted by Kxlsyd 

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June 11, 2009

The Great Deficit Scare Returns


Even liberals are getting antsy about debt and government spending. Stop worrying. The deficit hawks are wrong.

 

By Robert Reich

 

It's the kind of thing I expect to hear from deficit hawks and chicken littles -- from the self-described "fiscally responsible" right, from the scolds Ross Perot and Pete Peterson, from my former cabinet colleague Bob Rubin. But yesterday I was shown slides developed by the putatively liberal Center for American Progress intended to make the point. And today's front page story in the New York Times, by the eminent David Leonhardt, entitled "Sea of Red Ink: How It Spread From A Puddle," puts the issue right before our progressive noses, so to speak.

 

The Great Debt Scare is back.

 

Read more: http://globaleconomicnews.blogspot.com/2009/06/great-deficit-scare-returns.html

 

Tags: Robert Reich, Salon, Debt, Deficit, Economics, Obama, New York times, Center For American Progress, Republicans, Democrats, GDP, Wall Street, Global Economic News, Bill Clinton, Budgets, 

Filed under  //   Bill Clinton   Budgets   Center For American Progress   Debt   Deficit   Democrats   Economics   GDP   Global Economic News   New York times   Obama   Republicans   Robert Reich   Salon   Wall Street  
Posted by Kxlsyd 

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