Tuesday, the IMF updated it’s World Economic Outlook downgrading three-out-of-four of the world’s most powerful economies. While the Eurozone was given an outlook putting them more into reverse, the U.S. and China are now expected to grow even more slowly than the previous projections. Only Japan was given an improved outlook. News reports have spun […]
Tag: "Global economy"
The Organization for Economic Cooperation and Development released a report today showing that the economy will slow in coming months for all but two of its developed member nations. 34 nations are included in the OECD membership and all but the U.K. and Brazil are showing signs of economic slowdown. The OECDs lead indicator dropped […]
NEW YORK and LONDON, Aug. 15, 2012 — BNY Mellon Chief Economist Richard Hoey said the worst of the global slowdown is occurring right now and he continues to expect a global growth recession in 2012 with global GDP to grow at three percent. Hoey also expects a moderate strengthening of global economic indicators in late 2012 and 2013, […]
THE FACTS ABOUT UNITED STATES ENERGY One of the biggest drains on the American economy is, undoubtedly the importation of energy. In the early 1970’s the United States was the world’s largest producer of Oil and Natural Gas. If we still remain near the top of the world’s list of producers – #3 according to the […]
Ok, I know.. I haven’t written an honest-to-goodness analysis piece in awhile – but now.. the world is ending and I’ve noticed that no one else was writing about it.. well not just this moment .. We’ve been hearing that EU is going to crash any day now, that Americans are over-leveraged and as Conservatives […]
French President Nicolas Sarkozy placed a phone call to China’s President Hu Jintao after European leaders reached another last-minute deal to increase bailout funding in an attempt to tackle the regions worst debt crisis in over two decades. Apparently, Sarkozy’s pleas for China to contribute upwards of $100 billion (U.S.) to the EU bailout fund […]