According to the latest Doing Business Report 2009 published by the World Bank, the USA ranks third in ease of doing business. This report is based on comparison of 181 economies from around the world. The following regulations affecting 10 stages of a business’s life were measured : “starting a business, dealing with construction permits, …
Continue reading ‘US Ranks 3rd in Ease of Doing Business 2009’ »
The IMF released it Regional Economic Outlook for Europe on May 12th. Some of the key takeaways from this release are: Source: IMF Europe’s current deep recession there is a risk that it could worsen further Western Europe is projected to see their economies shrink by 4.0% in 2009 Output in Emerging European countries would …
Continue reading ‘IMF: European Economies To Contract Sharply This Year’ »
The latest US trade data show a small improvement. The trade balance for February 2009 stood at -$26.0BÂ from $36.2 in January. Canada, China and Mexico remained the top three countries with which the US trades. Trade with Canada, the largest trading partner of US, stood at $33.02B but that is still 32% less than …
Continue reading ‘A Look at the Latest US International Trade Data’ »
Emerging market indices have outperformed developed markets since the lows reached on March 9 this year. The following table lists the performance of select indices: [TABLE=149] The top markets in the global recovery were Singapore and Hong Kong with both rising over 50%. During the same period the S&P 500 is up 37%. Latin American …
Continue reading ‘Emerging Markets Rose Sharply From March Lows’ »
We all have heard that the rich get richer in the US and other parts of the world. But is it really true?. How high has the income inequality between the rich and poor grown in the US?. According to a research paper titled “Striking it Richer: The Evolution of Top Incomes in the United …
Continue reading ‘Do The Rich Really Get Richer Overtime?’ »