The housing market in U.S. and Canada have taken different paths since the credit crisis began. In the U.S. it continues to get worse since the crash that started last year. In 2008, more than 3 millions foreclosures were filed setting a record. Foreclosures in 2008 was up 71% from 2007. This year foreclosures have …
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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 …
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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%’ »
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’ »
The latest trade data shows that US exports to fell slightly in April over March. However imports were up.Imports have picked up since reaching lows in February. The trade deficit with China continues to be still high since the US imports more than four times what it exports to China. US exports to China is …