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Sunday 21st of March 2010

News Tag: stimulus packages

January 18, 2010

IMF: Asia leads global recovery

by Kay Murchie
”IMF:
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 ...



November 10, 2009

G20 agreement sees shares rise

by Kay Murchie
G20 agreement sees shares rise
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 ...



September 25, 2009

Dollar receives a boost after 1st day of G20 summit

by Kay Murchie
”Dollar
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 ...



September 8, 2009

Economist Joseph Stiglitz fears for ‘W’ shaped recession in US

by Kay Murchie
Economist Joseph Stiglitz fears for ‘W’ shaped recession in US
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 ...



August 17, 2009

World’s no.2 economy exits recession

by Kay Murchie
”World’s
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 ...



June 14, 2009

G8 nations acknowledge signs of stability in world’s largest economies

by Kay Murchie
”G8
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 ...



January 19, 2009

Eurozone economy facing deep recession unless fiscal measures implemented

by Kay Murchie
”Eurozone
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 ...