U.S. stocks Down, Unemployment Rate Still High
August 26, 2009
U.S. banking financial report pessimistic on the stock market to make Uncle Sam’s country was experiencing weakening. Fed report reveals, the economic slowdown is still going on long enough, so the level is still unemployment will continue to grow in number.
On Thursday local time, the Fed predicted the unemployment rate could reach 9.6 percent level. This figure is worse than the previous forecast of only 8.8 percent. That high unemployment that emerged after the U.S. government did stress tests to determine how healthy a bank is in the State uncle Sam.
On the same day, the Fed issued a statement after an internal meeting that the Bank of America get the funds of USD13, 5 billion through stock sales. That caused the bank requires extra effort in order healthy.
Meanwhile, on the other side of the market, shares of energy companies from emerging increased crude oil prices up Read more
IMF Warn Increasing Debt State Forward
August 3, 2009
The International Monetary Fund (IMF), the rising public debt developed countries, leading to hamper efforts to spur economic recovery.
Growth level of debt can damage the trust investors and encourage increased interest rates, and ultimately reverse the increase economy, according to an IMF report.
“With the delays in the withdrawal of investor concerns about sustainability will increase, pushing the interest rate increase in government securities,recovery and increase the risk of ’snow ball’ debt,” said the institute based in Washington.
IMF says the public debt will reflect about 120 percent of gross domestic product (GDP) in 2014 in nine developed countries from Group 20 (G-20). It will reflect the increase of 40 percentage points since the beginning of the financial crisis and global economy in 2007. Read more
Trimming Staff Due To Economic Crisis
August 3, 2009
ROMA. The majority of European citizens, said the recession has not been low level. Based on the results of a survey conducted by the European Commission, almost a third of workers in the area feel worried will trimming staff due to the economic crisis.
“Among the workers of Europe, 32% are concerned about the loss of eye will job occurred during the crisis,” said European Union Executive in Brussels last week. Meanwhile, 60% of respondents felt, worst economic crisis has not occurred.
Simply just the information, surveys are carried out on more than 30,000 people in 27 European countries surveyed in the period June 1-15 ago. According to the European Commission, level of concern related closely to the level of possible loss of the employment. Read more