The Capital Gains Tax Rate in USA is unfavorable for economic growth when compared with other major economies in the world, as per a report published by the American Council for Capital Formation (ACCF), based in Washington,DC. More specifically the study was based on the long-term capital gains tax rates for individuals. More than half …

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According to the OECD’s Economic Outlook Interim Report released today GDP is expected to fall by 4.3% in the OECD countries in 2009. Unemployment rate is projected to soar to double digits by the end of 2010. Some of the key takeaways from this report are: International is projected to fall by 13% this year …

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The WTO sees a 9% global trade decline in 2009 as recession strikes. In a press release today, the WTO said: “The collapse in global demand brought on by the biggest economic downturn in decades will drive exports down by roughly 9% in volume terms in 2009, the biggest such contraction since the Second World …

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In response to falling sales many car makers around the world have announced temporary shutdown of their assembly plants. The severity of the situation was evident from the recently published photos of unsold new cars parked in ports, factories, etc. in various countries. A sample photo is shown below. Photo: Imported cars stored at Sheerness …

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On February 10, I wrote about savings rate in the US in the article How High Will The US Personal Savings Rate Go?. As a follow up to that piece, here is a chart showing household savings in the UK, USA, France, Germany and Japan since 1980: Source: The Global Economic Crisis: Systemic Failures and …

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