Tag: stimulus packages

France’s public debt soars to 80% of GDP

France’s public debt soars to 80% of GDP

Further concerns for euro zone debt was raised today after the national statistics bureau INSEE said France’s public debt rose to 80.3% of national output in the first quarter of the year. EU rules state that debt should not exceed 60% of GDP. According to INSEE, at the end of March, French gross public debt [...]

June 30, 2010 | 0 Comments More
IMF: Asia leads global recovery

IMF: Asia leads global recovery

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 [...]

January 18, 2010 | 0 Comments More
G20 agreement sees shares rise

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. [...]

November 10, 2009 | 0 Comments More
Dollar receives a boost after 1st day of G20 summit

Dollar receives a boost after 1st day of G20 summit

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 [...]

September 25, 2009 | 0 Comments More
Economist Joseph Stiglitz fears for ‘W’ shaped recession in US

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 [...]

September 8, 2009 | 0 Comments More
World’s no.2 economy exits recession

World’s no.2 economy exits recession

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, [...]

August 17, 2009 | 0 Comments More
G8 nations acknowledge signs of stability in world’s largest economies

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

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 [...]

June 14, 2009 | 0 Comments More
Eurozone economy facing deep recession unless fiscal measures implemented

Eurozone economy facing deep recession unless fiscal measures implemented

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 [...]

January 19, 2009 | 0 Comments More