Global Financial Crisis – International

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BY R.A. | WASHINGTON, Oct 26th 2016, http://www.economist.com/blogs/freeexchange/2016/10/glut-punch?fsrc=scn/tw/te/bl/ed/glutpunchglobalimbalancesaprecrisisscourgeareback BRAD SETSER, an economist at the Council on Foreign Relations, is the author of a new discussion paper looking at “the return of the East Asian savings glut”. A summary of his paper begins in arresting fashion:

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Now that the Federal Reserve has brought its program of quantitative easing to a successful conclusion, while the French and German governments have ended their shadow-boxing over European budget “rules,” macroeconomic policy all over the world is entering a period of unusual stability and predictability. Rightly or wrongly, the main advanced economies have reached a…

Geneva (AFP) – The global economy will see only modest growth this year, the UN said Wednesday, calling for wage hikes to boost the demand and investment needed to move towards true recovery.

PARIS – The 2008 financial crisis that devastated many Western economies also reaped a heavy toll in suicides among men, a study published on Tuesday suggests.

(Financial Times) — The International Monetary Fund on Saturday sounded a note of cautious optimism on the global economy, but warned that recovery will be derailed if officials relent on policy commitments. In a communiqué to mark the conclusion of the IMF’s annual meetings in Tokyo this week, members of the fund said: “Key policy…

The ILO Director-General says G20 countries should stand by their commitment to take new, urgent measures in the face of deteriorating global economic conditions. GENEVA (ILO News) ILO Director-General, Guy Ryder, has called on G20 nations to act on their pledge to take urgent action if the global economic crisis worsened.

The IMF said the eurozone crisis was the main cause of instability in the global financial system Continue reading the main story Risks to global financial stability have increased in the past six months despite efforts by policymakers to make the financial system safer, according to the International Monetary Fund.

BUDAPEST – The world economic crisis could take 10 years to run its course, the IMF’s chief economist Olivier Blanchard told Hungarian business news site Portfolio.hu in an interview published on Wednesday.

In his first interview as Director-General of the International Labour Organization, Guy Ryder gives an overview of the major challenges facing the world of work and the ILO. GENEVA (ILO News) – International labour standards must be preserved and promoted if the world is to recover from the economic and employment crisis, ILO Director-General Guy…

Is it possible for banks to devote themselves to the financial welfare of workers and still survive financial crises? The ILO looks at the Rokin Bank, a union-led cooperative in Japan.

WASHINGTON (AP) — The Federal Reserve signaled Wednesday that a full economic recovery could take nearly three more years, and it went further than ever to assure consumers and businesses that they will be able to borrow cheaply well into the future.

SINGAPORE — Asia’s major economies are set for a modest slowdown in coming months, while next year’s growth prospects hinge on how quickly inflation cools at home and demand recovers abroad, a Reuters poll showed. Economists have trimmed their 2011 and 2012 growth forecasts for China, India, and a handful of the other economies in…

(Reuters) – Austerity measures being adopted by many industrialized world governments in the wake of the 2008-09 financial crisis are undermining economic recovery, a United Nations report said on Wednesday.

ST PETERSBURG, Russia (Reuters) – The world economic recovery remains “slow and fragile” with the outlook uncertain, but China will promote its own rapid and stable growth, Chinese President Hu Jintao said on Friday.

WASHINGTON (AP) – The nation’s unemployment rate dropped to its lowest level in two years in March, and the outlook is brightening as major companies plan to add more jobs.

Number of women holding top posts down, study says MANILA, Philippines-The recent global economic recession that felled financial giants across the globe has also affected the proportion of women holding key positions in senior management.

Asia Pacific CEOs confidence spread across all countries within the region according to PwC’s 14th Annual Global CEO Survey. CEOs in India (88%), China (72%) and ASEAN (60%) were standouts about near term growth. However, Japan was the least confident (25%). Globally, chief executives in Western Europe were not as optimistic as their Asian counterparts,…

Growth is recovering across the globe from the Great Recession. The IMF’s latest World Economic Outlook projects global growth of 4-1/2% this year (available at http://www.imf.org/external/pubs/ft/weo/2011/update/01/index.htm). However, as pointed out in a recent speech by IMF Managing Director Strauss-Kahn, while the recovery is underway, it is not the recovery we wanted (see http://www.imf.org/external/np/speeches/2011/020111.htm for the…

The IMF ignored warnings about the financial crisis from its own top economist and acted like cheerleader for the US economy rather than monitoring it, according to a scathing watchdog report published Wednesday.

NEW YORK — The outlook for the global economy in 2011 is, partly, for a persistence of the trends established in 2010. These are: an anemic, below-trend, U-shaped recovery in advanced economies, as firms and households continue to repair their balance sheets; a stronger, V-shaped recovery in emerging-market countries, owing to stronger macroeconomic, financial, and…

WASHINGTON – The US economy may finally be hitting its stride even if growth remains too weak to put a real dent in the nation’s jobless rate, Federal Reserve Chairman Ben Bernanke said on Friday.

Corporate profits are up. Stock prices are up. So why isn’t anyone hiring? Actually, many American companies are — just maybe not in your town. They’re hiring overseas, where sales are surging and the pipeline of orders is fat.

NEW YORK, United States—A United Nations report unveiled Wednesday paints a gloomy picture of the performance of the global economy next year, with growth projected to be a meager 3.1 per cent, followed by 3.5 per cent in 2012—rates that are insufficient to spur the recovery of the jobs that were lost during the economic…

FRANKFURT—The head of the International Monetary Fund said Friday the post-crisis global economy would be very different to the system in place before the turbulence, calling for nations to pull together.

PARIS: The global recovery shows signs of easing on slowdown in emerging economies but remains on track for 4.6-percent growth this year, dipping to 4.2 percent in 2011, the Organisation for Economic Cooperation and Development (OECD) said on Thursday. Many countries must work harder and faster to cut budget deficits next year and some may…

There must be many millions of citizen-of-the-world Filipinos, OFWS mainly and those who proclaim wishing they were born nationals of some other countries. They are at home in the global village, the planet that—as far as marketing, products and the entertainment media go—has become an economic and, except for passports and visas, political unity.