Results 1 to 1 of 1
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
-
07-17-2009, 04:48 PM #1
- Join Date
- May 2007
- Location
- South West Florida (Behind friendly lines but still in Occupied Territory)
- Posts
- 117,696
World Bank: Global Economy Faces Deflation
World Bank: Global Economy Faces Deflation
Friday, July 17, 2009 8:53 AM
By: Julie Crawshaw
The World Bank has given warning that the global economy will fall into a "deflationary spiral" unless urgent action is taken to reduce high levels of excess capacity in industry, Ambrose Evans-Pritchard reported in the UK Telegraph.
Justin Lin, the bank’s chief economist, said factories running idle around world threaten to trap economies in a vicious cycle, risking further spasms of financial stress that require more rescue packages.
"No country can count on currency depreciation and exports as a way out of recession. Unless we deal with excess capacity, it will wreak havoc on all countries,â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
Mike Johnson betrays border security for more foreign aid
04-18-2024, 10:31 PM in illegal immigration News Stories & Reports