Among the Nordic countries, Norway’s economy is strong and is well positioned for an economic recovery. In fact, Norway is one of the favorite investment destinations among European countries. The Norwegian economy was able withstand the current economic crisis better than most other European countries since Norway’s financial institutions did not invest in risky sub-prime …
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The global economic recession is projected to impact the economy of India adversely taking down the GDP for this year according to paper titled “Indian Economic Outlook 2008-09 and 2009-10” from the Indian Council for Research on International Economic Relations (ICRIER). The authors also argue that “There is real downside risk that the growth rate …
Continue reading ‘Research Paper Review: Economic Outlook for India’ »
Yesterday the BLS released the unemployment data for the month of June. A total of 467,000 jobs were lost in June and the unemployment rate remained almost the same at 9.5%. The Eurostat also released the unemployment report for the EU but for the month of May. The unemployment rate in the Euro area stood …
Continue reading ‘Spain has the Highest Unemployment Rate in EU at 18.7%’ »
Source: Broad Money Demand and Asset Substitution in China, Ge Wu, IMF Working Paper
The Organisation for Economic and Co-operation and Development (OECD) released the “OECD Health Data 2009” report which compares the health care statistics across OECD countries. Some of the key points from this study comparing the U.S. health care system with other countries are listed below: In 2007, the total spending for health care accounted for …
Continue reading ‘A Comparison of U.S. Health Care Spending with Other OECD Countries’ »