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World Bank Warns on Emerging GDP

Source: Asian Wall Street Journal

Brussels : Belgium | 5 months ago

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Developing countries' net private capital inflows fell 41% last year and will be cut nearly in half this year, the World Bank said in a report that offers little hope that the countries will provide the spark for the global economic engine. Meanwhile, European Central Bank Gov. Jean-Claude Trichet...

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News Stories

France's budget deficit to top 7 percent

News Source: EU Observer | 5 months ago

The announcement highlights the heavy toll being extracted on public finances by the government's stimulus plan and falling tax receipts, with the latest figure a considerable increase on a previous March forecast for a 5.6 percent deficit this year.
Japanese manufacturers less pessimistic

News Source: New Zealand Infotech Weekly | 5 months ago

Sentiment at big Japanese manufacturing firms improved in the three months to June, but the World Bank said prospects for the global economy remain "unusually uncertain" as it cut 2009 growth forecasts for most economies. Governments around the world...
World Bank Warns on Emerging GDP

News Source: Asian Wall Street Journal | 5 months ago

Developing countries' net private capital inflows fell 41% last year and will be cut nearly in half this year, the World Bank said in a report that offers little hope that the countries will provide the spark for the global economic engine. Meanwhile,...
ECB: governments must curb deficits

News Source: Guardian Unlimited | 5 months ago

European Central Bank president Jean-Claude Trichet warned today that governments that have borrowed billions to fight the economic crisis had no room for more debt and would have to start bringing down budget deficits. Trichet said the large...
Bloomberg: Trichet Says European Governments Must Start Narrowing Deficits ...

News Source: Uinta County News | 5 months ago

Budget consolidation should start “as soon as 2010,” provided the “base scenario” of a return to growth is intact, Trichet said in an interview with France’s Europe 1 radio in Paris today. Cutting deficits “progressively toward balance”...
Yorkshire Post, UK: ECB's Trichet says no room for more debt ...

News Source: Androscoggin News | 5 months ago

There is no room for governments that have borrowed billions to fight the economic crisis to accumulate more debt, European Central Bank President Jean-Claude Trichet said on Sunday. "There is a moment where you can't spend anymore and you can't...