The World Economic Forum yesterday released the Global Risks 2010, its annual report on the most important risks facing the global economy this year and beyond. Graphic This year’s report “highlights the impact of the fiscal crisis and the social and political implications of high unemployment rates in several major economies as key concerns. Notably, …
The private-sector job growth in the last decade was non-existent. I discussed this issue last August here. More recently Neil Irwin of Washington Post wrote about the lack of private-sector job growth in the last decade in a piece titled Aughts were a lost decade for U.S. economy, workers. Charts: Source: Washington Post During the …
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Howard F. Rosen of The Peterson Institute for International Economics presented a testimony on International Trade to the Senate Finance Committee Subcommittee this month. He argues that “In order to avoid another financial crisis and recession, it is imperative that America produce more than it consumes and increase the amount of goods and services it …
Continue reading ‘U.S. Should Increase Exports To Avoid Another Recession and Financial Crisis’ »
The fDi Magazine has published the Asian Cities of the Future 2009/10 list. Singapore tops the rankings followed by Tokyo and Shanghai. The selection methodology: “fDi Cities of the Future shortlists are created by the independent collection of data by fDi Benchmark across 133 Asia-Pacific cities. This information was set under six categories: economic potential, …
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The credit rating agency Standard & Poors downgraded Greece’s credit rating today.Last week Fitch downgraded Greece’s rating. Both the agencies cut the credit rating due to the country’s huge debts. The public debt of Greece stands at $442B and its public deficit is about 13% of GDP. In Debt Fears rattle Europe the Journal notes …
Continue reading ‘The Latest External Debt Position of European Countries’ »