Tags » Economic Crisis
THE developing world is catching up with advanced economies, but no longer as quickly as they would like. That has spooked investors. The slump in commodity prices and fears of an increase in interest rates in America led to 2015 being the first year since 1988 in which there will be a net capital ouflow from emerging markets.The IMF’s new World Economic Outlook, published yesterday, offers little comfort. Some of the IMF’s headline projections seem relatively chirpy. Despite deepening recessions in Brazil and Russia, the BRICS economies as a whole are still growing at a decent speed of 4.8% this year, and growth is projected to rise to nearly 6.0% in 2020. Last month Citi warned that a global recession led by an emerging-market slowdown is on the way; the IMF are positively bullish by contrast. In 2016 the IMF expects China to steam ahead at 6.3% growth, and India at a whopping 7.5%.But the IMF has been accused of over-optimism in the past, and they themselves admit that there are some big risks. 64 more words
Bob Patrick knows the true meaning of down and out.
A few years back, his marriage fell apart. Then he lost his house. It wasn’t long before he also lost his job. 783 more words
The U.N. Sustainable Development Goals (SDGs), agreed at the U.N. in September 2015, together set out a vision of a more peaceful, equitable and sustainable world. 579 more words
Martin Van Buren was the first president born in the official United States of America. His ancestors were Dutch. Van Buren’s father managed a tavern in Kinderhook, New York. 289 more words