News Tag: stimulus packages
January 18, 2010
The International Monetary Fund (IMF) has today warned that the global recovery “remains very fragile“.
Dominique Strauss-Kahn of the IMF said the global economy has been stronger than expected and China and developing Asian economies are leading the way in the global economic recovery but warned all major economies of an early withdrawal from stimulus packages.
He said stimulus measures have led to a ...
IMF: Asia leads global recovery
by Kay Murchie
November 10, 2009
Over the weekend, G20 finance ministers at St Andrews in Fife reached an agreement to maintain financial support until recovery is ensured.
The agreement was reached following concerns over rising unemployment and unsteady growth which saw finance ministers from developing and rich countries vow to keep fiscal measures in place until global recovery is assured.
The International Monetary Fund (IMF) also believes that ...
G20 agreement sees shares rise
by Kay Murchie
September 25, 2009
Sterling fell this morning to a near four-month low to $1.5917 against the US dollar before creeping back up to $1.5989.
The level was the lowest seen since early June after G20 leaders said stimulus packages will remain until a recovery is sustainable.
However, the pound is still currently higher than the low levels of below $1.50 seen ...
Dollar receives a boost after 1st day of G20 summit
by Kay Murchie
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 17, 2009
The Japanese economy, which is the world’s second largest, has emerged from its longest recession since World War II after the economy grew by 0.9% in the second quarter.
The news follows on from the announcement last week that Hong Kong had emerged from recession after the economy grew 3.3% in the second quarter.
Furthermore, it followed the news that Singapore, France and ...
World’s no.2 economy exits recession
by Kay Murchie
June 14, 2009
At a meeting in Italy yesterday for the Group of Eight (G8) industrialised nations, it was acknowledged that there are signs of stabilisation in the world’s leading economies.
G8 ministers said stock markets were rising, interest rates more stable, and consumer confidence was returning.
However, finance ministers reluctantly admitted that the global situation still "remains uncertain” and the ...
G8 nations acknowledge signs of stability in world’s largest economies
by Kay Murchie
January 19, 2009
According to the European Commission, the eurozone is faced with a deep and prolonged recession and forecasted that the economy will contract by 1.9% this year and expand by just 0.4% next year.
Official figures show that the 16-member nation has been in recession since September 2008. However, recovery will be seen in the second half of this year ...
Eurozone economy facing deep recession unless fiscal measures implemented
by Kay Murchie
