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Category Archives: International

Global economy to shrink for first time since World War Two

In a paper prepared for last weekend’s G20 meeting of Finance Ministers, the World Bank said that the global economy is likely to shrink this year for the first time since the second world war. With growth at least 5 percentage points below potential, the World Bank forecasts that global industrial production could be as much as 15% lower by … Continue reading

Posted by Nigel Tree | Comments Off on Global economy to shrink for first time since World War Two

Flight of capital from the UK

Money held in UK banks on the behalf of foreign investors fell by just over $1 trillion or £707 billion over the last three quarters of 2008. These figures are classified as the external liabilities of the major banks operating in the UK. There was an outflow of funds amounting to $682.5 billion in the second quarter of 2008, followed … Continue reading

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Land of the sinking sun?

Why is Japan suffering from its worst economic crisis in the post war era? Continue reading

Posted by Nigel Tree | Comments Off on Land of the sinking sun?