Showing posts with label world economy. Show all posts
Showing posts with label world economy. Show all posts
7/09/2015
BRICS a stabiliser of global economy, says Xinhua
10/01/2014
IMF urges greater infrastructure spending after 30-year decline
A decline in infrastructure spending over the last 30 years needs to be reversed to boost growth, according to the International Monetary Fund, which meets next week in Washington against a backdrop of slowing global growth.
6/12/2014
World Bank cuts growth outlook as Ukraine crisis weighs
(Reuters) - The World Bank on Tuesday trimmed its global growth forecast, saying a confluence of events, from the Ukraine crisis to unusually cold weather in the United States, dampened economic expansion in the first half of the year.
5/07/2014
No UK trade benefit from EU membership - Civitas report
EU membership has not given the UK any "insider advantages" in trade with other European countries, a report by social policy think tank Civitas says.
4/18/2014
World economy on steady course at best, China a worry, polls show
(Reuters) - The world economy can expect steady growth at best over the coming year, but any rapid slowdown in China as it tries to rebalance its economy could upset the still-unsteady progress, Reuters polls showed.
10/15/2013
EU sees US default risk for world economy
LUXEMBOURG: A possible US debt default would have "dramatic consequences" for the global economy, EU Economic Affairs Commissioner Olli Rehn warned on Monday.
2/06/2013
G20 should focus on debts, not Japan-bashing: Russia
MOSCOW (Reuters) - Russia's top financial diplomat said the Group of 20 should focus on making new commitments to curb borrowing, and not rush to judge Japan's bid to reflate its economy when policy makers meet this month.
9/20/2012
Global Economy in Twilight Zone as Stocks Suggest Growth1
The world economy is sliding into a “twilight zone,” trapped between outright expansion and renewed recession.
“It could go either way,” said Joachim Fels, chief economist at Morgan Stanley in London, who coined the description in an Aug. 15 report.
9/05/2012
Global economic uncertainty hurts stocks
LONDON (AP) — Global financial markets fell Tuesday amid uncertainty over what authorities in the U.S., China and Europe might do to help the slowing world economy.
6/19/2012
G20 summit: Greece must 'get on with it' or face dangerous consequences, warns David Cameron
Speaking on board the plane taking him to the G20 summit in Mexico, the Prime Minister said that if Greece “wants to stay in the eurozone” then the country’s politicians “have got to get on with it”.
5/27/2012
Greek exit would destabilise world economy: lobby
The head of the global banking lobby which handled the private debt write-off for Greece warned on Friday that if the country leaves the eurozone, the world economy would suffer badly.
5/18/2012
Bank of Canada says G20 pledge delays to cost $6 trillion
OTTAWA (Reuters) - The world economy could forgo US$6 trillion in growth by 2015 if heavyweight countries delay fiscal and currency reforms they promised to implement in November last year, the Bank of Canada said in a publication released on Thursday.
5/17/2012
China, SKorea, Japan try to ease NKorea tensions
BEIJING (AP) — The leaders of China, South Korea and Japan said Sunday that they will work together to try to calm tensions on the Korean peninsula.
4/23/2012
Outlay of $14 Trillion Hasn't Solved Problem of Debt
WASHINGTON — The amount of money thrown at rescuing the world economy since the beginning of the current crisis is truly staggering — probably more than $14 trillion — and the financial spigots are still open.
4/18/2012
World economy still on life support
(Financial Times) -- The world economy "remains on life support" from central banks and has deteriorated since last autumn, the latest Brookings Institution-Financial Times tracking index shows, despite some recent signs of stabilisation.
1/23/2012
G-20 Looks to Shore Up Sovereign Financing After Mexico Meeting
Jan. 20 (Bloomberg) -- The G-20 agreed on the need to do more to support indebted nations, Mexico’s Deputy Finance Minister Gerardo Rodriguez said.
10/19/2011
Rescuing the global economy
The state of the world economy could hardly be gloomier. Developments in the bond markets, particularly in the case of sovereign debt, are causing much anxiety among investors.
Little reassurance is offered by macroeconomic trends: in the US and Europe, employment data offer no room for optimism and even China’s growth rates have been affected by the slowdown in global trade. Business decisions are on hold and the risk of a double-dip recession appears ever harder to escape.
Little reassurance is offered by macroeconomic trends: in the US and Europe, employment data offer no room for optimism and even China’s growth rates have been affected by the slowdown in global trade. Business decisions are on hold and the risk of a double-dip recession appears ever harder to escape.
9/28/2011
G20 ministers promise to help jobs, social justice
Labor ministers from the Group of 20 rich and developing nations vowed on Tuesday to make job creation a priority despite strained public finances and to ensure workers enjoy fundamental rights like health and unemployment benefits.
CoOrganization's-day meeting in Paris, G20 ministers promised to implement basic social protection and respect the International Labor Organization's (ILO) fundamental standards, with the aim of building a balanced globalised economy as the world struggles to emerge from financial crisis.
CoOrganization's-day meeting in Paris, G20 ministers promised to implement basic social protection and respect the International Labor Organization's (ILO) fundamental standards, with the aim of building a balanced globalised economy as the world struggles to emerge from financial crisis.
3/11/2011
Bank's King renews call for G20 imbalances deal
The world economy is at risk of 1930s-style protectionism if leading nations cannot reach a deal to reduce imbalances in trade and capital flows, Bank of England Governor Mervyn King said on Friday.
In a speech to an economics conference in California, King reiterated the call he made last October for a "grand bargain" between surplus and deficit countries in the G20 group of major economies to reduce global imbalances.
In a speech to an economics conference in California, King reiterated the call he made last October for a "grand bargain" between surplus and deficit countries in the G20 group of major economies to reduce global imbalances.
1/01/2011
United Nations needs a new direction
The United Nations today leads what seems at times like a double life. On the one hand, pundits criticize it for not solving all the world's ills. On the other hand, UN member states and people around the world are asking it to do more, in more places, than ever before -- a trend that will continue in 2011.
It is not hard to see why. We have only to read the newspaper, turn on the television, or go online to appreciate the sheer scale of the need. Conflicts rage in too many places. Natural disasters strike with greater fury, and in greater numbers, than ever before.
On top of all this, we face a new generation of threats, unlike any in history, which spill across borders and have global reach. No single country or group, however powerful, can deal with them alone. All must work together — in common cause for common solutions — to address challenges like climate change, poverty, and nuclear disarmament.
But there is profound skepticism that we can do so. The world looks to the UN as never before, yet the conventional wisdom is that we are not up to the job. The problems are too complicated. Resources are too few. The UN itself appears too divided to make the vital difference.
The conventional wisdom is, however, wrong; worse, it is dangerous, for we have all seen how quickly it can take hold, distort reality, and then harden like cement. For example, four years ago, when I came to office, only a handful of global leaders knew enough even to talk about climate change - the defining challenge of our times, whose effects we see every day, all around us. Today, we have moved climate change to the top of the global agenda.
But make no mistake: it has been a difficult road. In December 2009 in Copenhagen, world leaders talked far into the night, and emerged, according to the conventional wisdom, with virtually nothing. In fact, though we did not get a comprehensive, legally binding treaty that would usher in an era of sustainable, low-carbon prosperity, as we had hoped, there were significant achievements in Copenhagen.
For the first time ever, developed and developing countries acknowledged their responsibility to curb emissions of greenhouse gasses and agreed on the goal of limiting global temperature rise to below two degrees Celsius. And, for the first time ever, countries made large pledges to finance mitigation and adaptation efforts: $30 billion over the next three years for fast-start financing, and $100 billion per year by 2020.
The lesson is that we should not dream of overnight breakthroughs, or allow ourselves to fall into despair in the absence of immediate progress. Let us work, instead, to build on many smaller advances, wherever we can make them — by mobilizing support, creating broad alliances, building coalitions, and taking into account a web of moving parts and complex issues — because that will set the stage for the eventual breakthroughs of tomorrow.
Collective action has never been easy, but it has never been more necessary than in achieving the UN's Millennium Development Goals (MDGs) — the world's blueprint for ending extreme poverty.
Way forward
The conventional wisdom will tell you that the MDGs targets — reducing poverty and hunger, improving the health of mothers and children, combating HIV/Aids, increasing access to education, protecting the environment, and forging a global partnership for development — are simply unattainable. In fact, we are controlling disease — polio, malaria, and Aids — better than ever before, and making big new investments in women's and children's health — the key to progress in many other areas.
Nevertheless, on climate change, poverty, and other issues, the conventional wisdom is that the UN should cede responsibility to the G20. But the G20, by itself, is not the answer. Despite strenuous debate about currency issues and trade imbalances at its summit in Seoul in November, the sole area of agreement concerned an issue on the G20's agenda for the first time — economic development.
Recognizing that global recovery depends on the emerging economies — that is, the developing world — G20 leaders embraced investments aimed at lifting the world's most vulnerable people out of poverty. That is why they accept the need to work closely with the UN — after all, no organization does development better. The G20 and the UN are finding new ways to work constructively together - not as rivals, but as increasingly close partners. And that is the way it should be.
Forty years ago, a great American statesman, Dean Acheson, looked back at the excitement he felt in helping to build the post-Second World War order. Present at the Creation, he called his memoir.
Today, we find ourselves at an equally exciting moment, no less critical to the future of humankind. We, too, are present at a new creation. And the UN must constantly re-create itself as well. We must evolve and keep pace with a rapidly changing world.
We must be faster and more flexible, efficient, transparent, and accountable. In an age of austerity, resources are precious; we must make every dollar count. These are testing times for everyone. People everywhere live in growing anxiety and fear. There is near-universal loss of trust in institutions and leaders.
Amid such uncertainty, our future depends on a UN that brings together the countries of the world not only to talk and debate, but also to agree and to act; that mobilizes civil society, business, philanthropists, and ordinary citizens to help the world's governments solve current problems; and that delivers peace, development, human rights, and global public goods — in a word, hope — to people around the world every day.
By Ban Ki-moon
Source: http://www.tehrantimes.com
It is not hard to see why. We have only to read the newspaper, turn on the television, or go online to appreciate the sheer scale of the need. Conflicts rage in too many places. Natural disasters strike with greater fury, and in greater numbers, than ever before.
On top of all this, we face a new generation of threats, unlike any in history, which spill across borders and have global reach. No single country or group, however powerful, can deal with them alone. All must work together — in common cause for common solutions — to address challenges like climate change, poverty, and nuclear disarmament.
But there is profound skepticism that we can do so. The world looks to the UN as never before, yet the conventional wisdom is that we are not up to the job. The problems are too complicated. Resources are too few. The UN itself appears too divided to make the vital difference.
The conventional wisdom is, however, wrong; worse, it is dangerous, for we have all seen how quickly it can take hold, distort reality, and then harden like cement. For example, four years ago, when I came to office, only a handful of global leaders knew enough even to talk about climate change - the defining challenge of our times, whose effects we see every day, all around us. Today, we have moved climate change to the top of the global agenda.
But make no mistake: it has been a difficult road. In December 2009 in Copenhagen, world leaders talked far into the night, and emerged, according to the conventional wisdom, with virtually nothing. In fact, though we did not get a comprehensive, legally binding treaty that would usher in an era of sustainable, low-carbon prosperity, as we had hoped, there were significant achievements in Copenhagen.
For the first time ever, developed and developing countries acknowledged their responsibility to curb emissions of greenhouse gasses and agreed on the goal of limiting global temperature rise to below two degrees Celsius. And, for the first time ever, countries made large pledges to finance mitigation and adaptation efforts: $30 billion over the next three years for fast-start financing, and $100 billion per year by 2020.
The lesson is that we should not dream of overnight breakthroughs, or allow ourselves to fall into despair in the absence of immediate progress. Let us work, instead, to build on many smaller advances, wherever we can make them — by mobilizing support, creating broad alliances, building coalitions, and taking into account a web of moving parts and complex issues — because that will set the stage for the eventual breakthroughs of tomorrow.
Collective action has never been easy, but it has never been more necessary than in achieving the UN's Millennium Development Goals (MDGs) — the world's blueprint for ending extreme poverty.
Way forward
The conventional wisdom will tell you that the MDGs targets — reducing poverty and hunger, improving the health of mothers and children, combating HIV/Aids, increasing access to education, protecting the environment, and forging a global partnership for development — are simply unattainable. In fact, we are controlling disease — polio, malaria, and Aids — better than ever before, and making big new investments in women's and children's health — the key to progress in many other areas.
Nevertheless, on climate change, poverty, and other issues, the conventional wisdom is that the UN should cede responsibility to the G20. But the G20, by itself, is not the answer. Despite strenuous debate about currency issues and trade imbalances at its summit in Seoul in November, the sole area of agreement concerned an issue on the G20's agenda for the first time — economic development.
Recognizing that global recovery depends on the emerging economies — that is, the developing world — G20 leaders embraced investments aimed at lifting the world's most vulnerable people out of poverty. That is why they accept the need to work closely with the UN — after all, no organization does development better. The G20 and the UN are finding new ways to work constructively together - not as rivals, but as increasingly close partners. And that is the way it should be.
Forty years ago, a great American statesman, Dean Acheson, looked back at the excitement he felt in helping to build the post-Second World War order. Present at the Creation, he called his memoir.
Today, we find ourselves at an equally exciting moment, no less critical to the future of humankind. We, too, are present at a new creation. And the UN must constantly re-create itself as well. We must evolve and keep pace with a rapidly changing world.
We must be faster and more flexible, efficient, transparent, and accountable. In an age of austerity, resources are precious; we must make every dollar count. These are testing times for everyone. People everywhere live in growing anxiety and fear. There is near-universal loss of trust in institutions and leaders.
Amid such uncertainty, our future depends on a UN that brings together the countries of the world not only to talk and debate, but also to agree and to act; that mobilizes civil society, business, philanthropists, and ordinary citizens to help the world's governments solve current problems; and that delivers peace, development, human rights, and global public goods — in a word, hope — to people around the world every day.
By Ban Ki-moon
Source: http://www.tehrantimes.com
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