Chart: Comparing Current Recession in U.K. to Past Recessions
Source: National Institute of Economic and Social Research The above chart compares the current recession in U.K. to past economic slumps.
Archive of entries posted by David Hunkar
Lost Value of Equities in U.S. State and Local Government Pension Plans = $1 Trillion
In the U.S., the pension plans of state and local governments have a large portion of their assets in equities. Due to this high exposure to equities, the plans suffered severe losses as the markets fell hard until March this year. The average asset allocation of U.S. Define Benefit (DB) plan has 60% in equities, …
IMF: Outlook for the UK Economy is Highly Uncertain
Today the Office for National Statistics announced that GDP shrank at a rate of 0.8% between in the second quarter. This is higher than the 0.3% economists had predicted.The GDP has contracted for the fifth consecutive quarter and is approaching the levels of 1980s recession. On July 16th, IMF released the Staff Report for UK. …
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The Best Banks of Russia for 2009
The Best Banks of Russia in different categories for 2009 as per Global Finance magazine are as follows: Domestic -Â Â Â VTB Foreign -Â Â Â Citi (C) Regional -Â Â Â UralSib Domestic Investment – Â Â Â Troika Dialog Foreign Investment – Â Â Â Credit Suisse (CS) Commercial -Â Â Â Sberbank Consumer -Â Â Â Raiffeisen (RAIFF.PK) Foreign Exchange -Â Â Â VTB Domestic Trade Finance …
Daily Wisdom: Is Britain Bankrupt? Edition
Bank declares recession over Bank of Canada forecasting economic growth of 1.3 per cent on an annualized basis in the third quarter Commodities investing is back in fashion Expect volatility to remain a key factor in prices throughout the rest of the year, says Deutsche’s Asia head of commodities, but look for growth in the …
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