According to the first reactions, adoption of Serbia’s Stabilization and Association Agreement (SAA) is a positive stimulus for further EU integration.
Serbian PM Mirko Cvetković has stated he expects that the SAA ratification would encourage other EU member states that still have not ratified the SAA to do so.
I’ve read countless news headlines recently about how economists are “surprised” over an “unexpectedly bad” economic indicator.But it’s not surprising at all. It’s no mystery.The government hasn’t taken the necessary actions, and has instead been doi…
Singapore today announced a smaller budget deficit for 2010/11, as governments across Asia start to unwind the stimulus policies introduced at the height of the financial crisis last year.
The government halted income and property tax rebates introduced last year and said it will phase out subsidies paid to employers to hold onto staff amid a strengthening labour market.
On the anniversary of the passing of the economic stimulus package, President Obama discusses the accomplishments and challenges still facing the economy. In terms of job creation, the president says he believes there is still a long way to go, but says technology jobs will be a major part of that future.
– The 2009 economic stimulus package has not been proven to have
created a whole lot of technology jobs, but that is not stopping President Obama
from talking up its importance to the economy of the future. By and large,
stimulus funds have been shown to have helped out beleaguered state and local
…
Economists Friday suggested to Finance Minister Pranab Mukherjee to continue the stimulus packages till the country’s economy recovered further.
“It is not the time to withdraw the stimulus. It is the general feeling of the economists,” Nitin Desai, former chief economic advisor, told reporters after a pre-budget discussion between economists and the finance minister here.
The suggestion [...]
Technology vendors like Dell and HP are seeking some U.S. school systems using some of the billions of dollars in federal stimulus funds to bring technology into the classroom. A Louisiana system is looking to create connected classrooms with Dell technology, while a Florida system is upgrading its networking infrastructure with HP products.
– It was early in 2009, as Congress debated what would turn out to be a $787 billion spending plan to help the ailing economy, that Sheryl Abshire and her colleagues at the Calcasieu Parish public school system in Louisiana started making plans.
“When we saw that there was an opportunity for public s…
Next year, two chapters is expected to unfold in the Singapore market. The Great Recovery which started from 2Q09 is expected to continue until mid-2010 when The Great Exit takes over, says Citigroup analyst Chua Hak Bin.
Citi says the STI is likely to climb higher in early 2010 to 3,250, driven by a synchronised global recovery, inventory restocking to a mean by 2Q10, and continued accommodative fiscal and monetary policies.
Japan’s cabinet on Tuesday approved an economic stimulus package worth $274 billion including more than $80 billion in direct spending, Dow Jones Newswires reported. The package is meant to boost a fragile recovery from Japan’s worst post-war recession, which is now threatened by deflation
Keynesians argue that we must increase fiscal stimulus to prevent a full-scale depression.They argue that “deficit hawks” are wrong when they say that we can’t afford any more stimulus, and that worrying about debt in a crisis of this size is penny wis…
Finance ministers from the Group of Seven large industrialized countries pledged to continue government spending programs until an economic recovery is assured. The ministers, meeting in Istanbul, said the recovery was still fragile and warned that high unemployment rates remain a concern along with volatile currency exchange rates.
Kevin Harrington, managing director at Clarium Capital Management LLC – which manages over $2 billion dollars – told Bloomberg:If we have a recovery at all, it isn’t sustainable. This is more likely a ski-jump recession, with short-term stimulus crea…
Premature withdrawal of stimulus measures would pose a risk to the global economy, Singapore Finance Minister Tharman Shanmugaratnam said in Kuala Lumpur today.
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Our current economic crisis has elevated the ombudsperson to an unusually visible role in politics. On the one hand, the economic crisis has required accountants…
Hans Timmer, Director of Economic Forecasting at the World Bank, told the Wall Street Journal that China will lead the world out of this recession. He appears to be correct.
By Roland Buerk
BBC News, Tokyo
The slide in Japan’s exports slowed in June in a sign government stimulus spending around the world may be propping up demand.
But they were still 35.7% lower than the same month a year earlier.
Japan, dependent on exports for growth, has been suffering its steepest recession since World War II.
It is a sign of just how badly Japan’s economy has been battered that a drop in exports of more than one-third is hailed as perhaps a positive sign.
But the decline in June, of 35.7% compared the same month a year before, is better than May, when exports were down by more than 40%.
With imports also lower, Japan made a trade surplus of $5.4bn (£3.3bn).
Japanese companies have benefited particularly from government stimulus spending in China.
Japan’s economy shrank at an annualized pace of 14.2% in the first quarter of the year, the worst performance on record.
The Bank of Japan recently said conditions had stopped getting worse.
But any improvement is mostly being felt by bigger manufacturers.
Smaller companies are still struggling and unemployment is expected to continue to rise.</p
This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.
By Roland Buerk
BBC News, Tokyo
The slide in Japan’s exports slowed in June in a sign government stimulus spending around the world may be propping up demand.
But they were still 35.7% lower than the same month a year earlier.
Japan, dependent on exports for growth, has been suffering its steepest recession since World War II.
It is a sign of just how badly Japan’s economy has been battered that a drop in exports of more than one-third is hailed as perhaps a positive sign.
But the decline in June, of 35.7% compared the same month a year before, is better than May, when exports were down by more than 40%.
With imports also lower, Japan made a trade surplus of $5.4bn (£3.3bn).
Japanese companies have benefited particularly from government stimulus spending in China.
Japan’s economy shrank at an annualized pace of 14.2% in the first quarter of the year, the worst performance on record.
The Bank of Japan recently said conditions had stopped getting worse.
But any improvement is mostly being felt by bigger manufacturers.
Smaller companies are still struggling and unemployment is expected to continue to rise.</p
This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.
Federalism, the most disputed aspect of American governance, is once again under the microscope. In this week’s New Yorker, James Surowiecki calls our fifty states…
by Amanda Michel, ProPublica (flickr user kylemay) It’s the middle of July and we’re all wondering whether the stimulus is working. If we do as…
The credit markets are improving and the banks can sell the guaranteed portion of their SBA loans at premiums closer to what they got before the financial meltdown.
