Today the IMF released its “World Economic Outlook Update – Global Economic Slump Challenges Policies” report. The following are some of the main points noted in this report: 1. The United Kingdom is going to have the worst economic downturn this year with a projected figure of -2.80%. The British economy will fare the worst …
There are three major economic growth theories: Classical economic theory, Neo-Classical theory and New-Growth Economics. Classical theory states that the output of a country depends on the capital available per worker. If capital per worker increased output would increase. The problem with this theory is that it does not account for important factors like technological …
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Day after day we are bombarded with stories about the recession, job losses, the TARP bailout program, companies going bankrupt, store closures, etc. In times like these it is tough to makes sense to take a step back and try to understand where we are and what should happen in order to get ourselves out …
The Organization for Economic Co-operation and Development (OECD) comprises of 30 countries “that accept the principles of representative democracy and free-market economy. Most OECD members are high-income economies with a high Human Development Index (HDI) and are regarded as developed countries.” (Source: Wikipedia). The following are some interesting graphs from the “OECD in Figures 2008 …
deWell thats the $64,000 question many investors are worried about. We will never know until the FDIC announces the closings. This year (2008) so far 25 banks have failed. This number is lower than the hundreds predicted by some folks. With 3 business days remaining this year, we can only hope that the FDIC does …