Asian stock markets maintained their upward momentum amid optimism that economic stimulus plans in the US and elsewhere would shore up the global economy
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Across-the-board tax cuts or bail-outs of troubled industries such as the automotive sector are likely to waste government money while doing little to stimulate the global economy, the International Monetary Fund warned
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Across-the-board tax cuts or bail-outs of troubled industries such as the automotive sector are likely to waste government money while doing little to stimulate the global economy, the International Monetary Fund warned
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(CEP News) - Speaking at the Council on Foreign Relations in New York, IMF Deputy Managing Director John Lipsky called on leaders of developed nations to continue providing support to the global economy in the form of fiscal and monetary policy stimulus.
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(CEP News) - The Reserve Bank of Australia (RBA) minutes from the Dec. 3 meeting revealed the Bank is confident tools are in place to stimulate the domestic economy, but that the outlook for the global economy remains a wild card. All this is a case for more rate cuts, albeit smaller ones, economists say.
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The current strength of the dollar is temporary and the US currency risks a hard landing in 2009, according to a team of United Nations economists who foresaw a year ago that a US downturn would bring the global economy to a near standstill
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The current strength of the dollar is temporary and the US currency risks a hard landing in 2009, according to a team of United Nations economists who foresaw a year ago that a US downturn would bring the global economy to a near standstill
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With the global economy sinking and deflation looming, low bond yields are part of the solution, says Michael Mackenzie
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Renewed concerns about the health of the global economy sent equity indices sharply lower, with US measures falling to six-year lows in early trade
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London equities suffered a punishing afternoon on Wednesday, which took the FTSE 100 briefly back below 4,000 as fears that the global economy was creeping into deflation persisted
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Asia-Pacific equities were trading lower for a second day as the fall in commodity prices weighed on resource stocks, raising further concerns about the slowdown in the global economy following the drop in Wall Street overnight
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(CEP News) Ottawa - Tough times likely lie ahead for Canadian small businesses in 2009, two new reports by economists say, but there are signs Canadian entrepreneurs are adapting and will reap the benefits of an anticipated recovery in the global economy in 2010.
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Peru has ‘a lot of latitude’ to respond swiftly to the global economy crisis without seeking further authorisation from its board, Julio Velarde, central bank president, said
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(CEP News) Frankfurt - European Central Bank Governing Council member Erkki Liikanen said that, while the co-ordinated central bank rate cuts will take time to fully impact the global economy, the decision is the right one, and reaction to the action is already appearing.
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Equity markets in London looked set for a day of losses on Wednesday after the two-session boost from banking sector bail-outs wilted and focus returned to the struggling global economy
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The Hungarian forint dropped sharply as fears over the country’s ability to finance its large external debt were heightened by signs that the global economy was set to slow.
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China and its neighbours can chase remaining export markets, or they can stimulate domestic consumption and help the global economy, and themselves
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(CEP News) - The challenges facing the U.S. and global economy are “extraordinarily complex and historic in scope,” but the critical measures announced Tuesday should contribute effectively to restoring normal market functioning, said Federal Reserve Chairman Ben Bernanke at the President’s Working Group on Financial Markets.
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(CEP News) - The challenges facing the U.S. and global economy are “extraordinarily complex and historic in scope,” but critical measures to be announced Tuesday morning should contribute effectively to restoring normal market functioning, writes Federal Reserve Chairman Ben Bernanke in Tuesday’s Wall Street Journal.
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(CEP News)- The outlook for global growth in 2009 took a pessimistic tone on Tuesday as the International Monetary Fund released a staff report forecasting a “major downturn” in the global economy in 2009. The report was prepared for the Oct. 10 meeting of finance ministers and central banker from G7 nations.
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