The article reports on the forecast by Gordon Moffat of Eurofer about the European Union (EU) economy. Moffat said they expect negative domestic growth in the second quarter of 2008. Italy, Spain, Ireland and Great Britain are reportedly expecting a downturn in the residential construction market...
Interestingly,some have painted Britain as a loserin the current situation in some corners. As an EU member that does not use the euro, the United Kingdom is being “marginalized,” this reasoning goes, by the German and French leadership amid the crisis. This sounds to me like being margi...
For example, a deep economic recession requires a response from politicians. Economic performance affects voting39, with government parties typically punished for poor economic performance, and opposition parties rewarded. Politicians, therefore, are incentivized to respond to changes in the economy. This...
In a world on the brink of recession, transport can be a driver of economic progress. The ITF’s2022 Global Pollprovides clear evidence of the global public’s recognition of the critical role that transport, and transport workers, play to th...
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This is a monetary crisis, caused by a jejune central bank that aborted a fragile recovery by raising rates earlier this year, allowed the money supply to collapse at vertiginous rates in southern Europe, and caused a completely unnecessary recession — and a deep one judging by the collapse ...
On Figure 2, a line is drawn at 2005, when many people believe that peak “conventional” oil was reached. The line at 2009 points out the long-term slide in oil consumption per capita between 2005 and 2009, related at least in part to the Great Recession of 2008-...
Fears of a fresh banking crisis have been cited as one reason for the cuts. The turmoil in the banking sector has led investors to sell out of risk assets, such as commodities, asa global recession could lead to lower oil prices. This sell-off ...
According to the World Bank, Russia's economy grew 4.3% in 2021, a strong rebound from the COVID-19pandemic. The organization expects the recession to continue through 2023 because of the effects of the global economic sanctions.2223
Spillover effect refers to the impact that seemingly unrelated events in one nation can have on the economies of other nations. Although there are positive spillover effects, the term is most commonly applied to the negative impact a domestic event has on other parts of the world. Recent examp...