Decisive policies must be urgently put in place to stop the euro area sovereign debt crisis from spreading and to put weakening global activity back on track. [If not we can expect to see a] massive escalation in economic disruption, an increase in the risk of a credit crunch [and] the global economy tipping into a recession. Words: 834 So says the OECD (www.oecd.org) in an article* regarding their latest Economic Outlook report.
Who in the world is currently reading this article along with you? Click here The article goes on to say, in part: The euro area crisis remains the key risk to the world economy, the Outlook says. Concerns about sovereign debt sustainability are becoming increasingly widespread. If not addressed, recent contagion to countries thought to have relatively solid public finances could
The Outlook’s baseline scenario assumes that policy-makers take sufficient action to avoid:
and sees:
Mr. Padoan went on to say: “We are concerned that policy-makers fail to see the urgency of taking decisive action to tackle the real and growing risks to the global economy. We see:
GDP is projected:
World growth will be sustained by the non-OECD countries Source: OECD Economic Outlook 90 database. Download the underlying data in Excel Under the baseline scenario, weak activity, low levels of inflation and predominantly downside risks:
In the Strategic Response section of its Outlook, the OECD:
*http://www.oecd.org/document/47/0,3746,en_21571361_44315115_49095919_1_1_1_1,00.html
Related Articles: 1. Where Is This Unprecedented Global Financial Crisis Headed? A Retrospective from Alf Field Everyone must be wondering where this “unprecedented global financial crisis”, (the World Bank’s words), is heading. What follows, for what they are worth, are my cogitations on this crisis. Words: 1641 2. Market Fear and Uncertainty Is Inhibiting Economic Growth – These 8 Charts Show How The market believes that there is more profit to be made in speculation than in new business investment – and speculation is what you get when you weaken the incentives to invest in productive activities for the long haul. In fact, fear and uncertainty are inhibiting growth [- almost everywhere – as shown in graphic form in the 8 charts below]. Words: 1000 3. Continuing High Unemployment = More Money Printing = Higher Gold & Silver Prices The Federal Reserve has a dual mandate set by Congress of maximum employment and stable prices. 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This is the Developing Disaster facing the US Dollar and the world. This is the factor that could become the single most important criterion in investment allocation decisions and possibly even for individual financial survival…[Let me explain this further by reviewing the 7 major problems facing the U.S. (and thus the world) and how they all will lead to problem #7 – devolution.] Words: 1520 7. Alf Field: America’s Current Account Deficit Causing World’s Financial Crisis! Here’s Why The onset of the world’s worst financial crisis in many decades is one of the most important factors (if not the most important factor) currently influencing investment decisions. The crisis has created chaos and confusion. Not many people understand how the world has arrived at this unfortunate situation. This report endeavours to identify the underlying causes of the crisis and explains why the USA current account deficit has been the main destabilising force in world finance. Words: 3806 8. 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There is no way of getting around it – a horrific economic collapse is coming [and] it is going to change the world. You better get ready. [Let me explain further.] Words: 1771
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