Stepping out of the box and diagnosing the global financial situation. Ah, nothing like fresh coffee in the morning.
John Lipsky, First Deputy Managing Director of the IMF spoke of the world economy and the financial crisis. Read more.
It appears that people across the world are being affected by the financial distress of the United States. Emerging economies in Southeast Asis including "the Philippines, Thailand, Malaysia, Taiwan PoC, Singapore, Hong Kong SAR, and-to a lesser extent, India," have all fallen due to weak demand from global markets, especially in the manufacturing sector. Combined with a huge increase in headline inflation, this comes at an interesting time when so many emerging nations are trying to increase exports and GDP, capture foreign security through global investors, and lower their cost of living.
No comments:
Post a Comment