News Tag: economist
October 9, 2009
Nouriel Roubini, a leading US economist who was accurate in predicting the severity of the financial crisis, has warned "the crisis is not yet over."
Mr Roubini, a New York University professor, told the BBC yesterday of his concern that we are already "planting the seeds of the next crisis".
He comments: "I see an economy where the consumers are ...
Leading economist warns ‘crisis is not yet over’
by Kay Murchie
September 15, 2009
French President Nicolas Sarkozy has called on world leaders to scrap economic growth as a measure of progress.
Measuring a nation's well-being through gross domestic product (GDP) has resulted in an economic system that is destroying more than it is creating, Sarkozy said.
The president made the comments at the launch of a report he commissioned from Nobel Prize winning economist Joseph Stiglitz.
According to Stiglitz, ...
Ditch GDP says Sarkozy
by David Masters
September 8, 2009
Despite recent signs of an imminent recovery within the US, Nobel Prize-winning economist Joseph Stiglitz has expressed his concern for a "double-dip" recession in the world’s largest economy.
Mr Stiglitz, who said he has been consulted on an informal basis by the Obama Administration to discuss economic issues, said "the prospects of a robust recovery are very, very ...
Economist Joseph Stiglitz fears for ‘W’ shaped recession in US
by Kay Murchie
August 20, 2009
Gerard Lyons, chief economist at Standard Chartered Bank, is predicting that interest rates could remain at historically low levels for many years to come.
Interest rates currently stand at 0.5% - the lowest level since the Bank of England was established over 300 years ago.
According to Mr Lyons, it is quite likely that the Bank of England’s ...
Historically low interest rates to stay for years, predicts top economist
by Kay Murchie
March 26, 2009
DeAnne Julius, chairman of think tank Chatham House, has warned that the world could face five years of economic slowdown and a 10% decline in output.
Addressing a G20 breakfast seminar organised by BBC News, Mrs Julius, who was previously a Monetary Policy Committee member of the Bank of England, said there was a 40% chance of such a ...
Leading economist delivers pessimistic outlook for global growth
by Kay Murchie
December 23, 2008
The recent 2.5% cut in VAT has been criticised by Olivier Blanchard, an International Monetary Fund economist.
VAT was cut from 17.5% to 15% from Monday, December 1 for 13 months in an attempt to boost spending.
However, Mr Blanchard believes the temporary cut in VAT is not a good idea would not significantly change the behaviour of shoppers, adding that the ...
VAT cut criticised by IMF chief economist
by Kay Murchie
