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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: global economy

global economy stories: 90 news summaries

1 - 20 of 90 Stories | 1 2 3 4 5 Next >>

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 Bartering Turns Into 
 $10B Recession-Buster 

More businesses signing on to trend of exchanging services

Oct 27, 09 1:19 PM CDT
(Newser) - The global recession has made bartering hot, but don’t go thinking it’s all a backrub for a plumbing fix. Big money—though no cash—is changing hands through the world’s largest barter service, Bartercard. The worldwide service’s transactions are valued at $2 billion this year, up... More »

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Iraq • England • business • recession • trading • global economy • barter • bartering

 How Australia Dodged 
 the Recession

How one country ducked the economic downturn

Oct 16, 09 5:42 PM CDT
(Newser) - Australia has weathered the financial crisis better than any other developed country. Last week its central bank raised interest rates, indicating its primary concern is now inflation, not growth. What were the keys? Phil Dobbie of BNET explains:
  • Befriending China: Australia used to export much of what it made
... More »

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China • international trade • real estate • Australia • globalization • United Kingdom • United States • trade • housing • recession • global economy • banking • bilateral trade • economy • what recession? • population growth

 IMF: Global Recession Is Over 

World economy is growing, but recovery will be slow

Oct 1, 09 5:37 AM CDT
(Newser) - The global recession is over, the International Monetary Fund said today, revising its economic forecasts in response to Asian growth and more than $2 trillion in stimulus packages worldwide. The IMF now says the world economy is growing and will expand by 3.1% in 2010, with China growing at... More »

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International Monetary Fund • growth • recession • IMF • global economy • Dominique Strauss Kahn • financial crisis • economic recovery

 G20 Near Deal to Open 
 Economies to Scrutiny 

'Peer review' system will let nations assess each other's policies

Sep 25, 09 6:17 AM CDT
(Newser) - The G20 is on the brink of a deal this morning that will require members to "peer review" one another's economic policies—a substantial shift that will expose the US and China to wider scrutiny from less wealthy countries. The new top table for international negotiation wants less American... More »

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International Monetary Fund • oversight • IMF • global economy • US economy • Chinese economy • peer reviews • G20 • Group of 20

(AP) - Top finance officials from rich and developing countries today pledged to maintain stimulus measures to boost the global economy, warning that the fledging recovery that provided the backdrop to their meeting is by no means assured. Group of 20 finance ministers also promised a crackdown on bankers' pay—but stopped... More »

MORE ABOUT:
global economy • Alistair Darling • G20 • global stimulus

 Manufacturing Drives 
 Global Recovery 

US production grows for first time since Jan. '08

Sep 2, 09 5:56 AM CDT
(Newser) - The world may be manufacturing its way out of the global recession, with new figures showing a faster-than-expected recovery from the US to Europe and Asia. The Wall Street Journal reports that American factory output is growing for the first time since January 2008, while separate surveys showed expanded manufacturing... More »

MORE ABOUT:
Barack Obama • recession • global economy • manufacturing • economic stimulus package • manufacturing index • macroeconomic data

OPINION

Recession Soon Over, but Here Comes Another

Roubini: Unwinding rescue could produce 'W-shaped' recovery

Aug 24, 09 7:02 AM CDT
(Newser) - The global recession is nearly over, but the recovery is far from certain, writes NYU professor and professional pessimist Nouriel Roubini in a Financial Times op-ed. The economist who predicted the financial crisis chides colleagues who foresee a V-shaped recovery, with a quick return to growth. Rather, the recovery will... More »

MORE ABOUT:
recession • global economy • stagflation • financial crisis • recession depression • Nouriel Roubini • economic recovery

(Newser) - Ben Bernanke patted himself on the back today for helping to save the world from a complete economic meltdown, MarketWatch reports. Facing public outrage and the prospect of President Obama dumping him in 6 months, the Fed chair said at a retreat in Wyoming that the world’s central banks... More »

MORE ABOUT:
Ben Bernanke • Federal Reserve • recession • global economy • central bank • bailout • financial crisis • economic downturn

(Newser) - The New Kids on the Block have canceled a planned tour of Australia because of weak ticket sales amid the recession, Reuters reports. “We are, in fact, in the middle of a worldwide recession and we just cannot make it work,” said Donnie Wahlberg. He said the group... More »

MORE ABOUT:
entertainment • Australia • recession • global economy • ticket sales • New Kids on the Block • Donnie Wahlberg • concert tour

Economic
Crisis Hits
Al Qaeda, Too

Terrorist activities
must wait as fundraising falters

Jun 12, 09 2:29 PM CDT
(Newser) - Al Qaeda operations are struggling due to a lack of capital brought on in part by the global economic downturn, the New York Post reports. “In Afghanistan, we have a severe supply deficit,” the group said in a plea for donations. “Mujahideen sit and wait and... More »

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Iraq • Afghanistan • terrorism • donation • global economy • al-Qaeda • mujahedeen • economic downturn • economic crisis

OPINION

Brown's Woes Offers Obama Reality Check

Voters don't reward economic competence after crisis: Krugman

Jun 8, 09 8:50 AM CDT
(Newser) - The Bush administration has taken much of the blame for the American recession, but a "huge housing bubble and a financial crisis" were always on the cards, as Paul Krugman writes for the New York Times. Writing from London, where voters gave Gordon Brown a pummeling in Thursday's... More »

MORE ABOUT:
United Kingdom • Gordon Brown • recession • global economy • Robert Rubin • housing bubble • bank regulation • deregulation • Obama administration • financial crisis

 Merkel Rips the Fed 
 for Deepening Crisis 

German chancellor says central banks have made economy worse

Jun 3, 09 6:46 AM CDT
(Newser) - World leaders rarely criticize central banks in public, but yesterday Angela Merkel laid into the Fed, the European Central Bank, and other institutions for deepening the global economic crisis. In a tough speech, the German chancellor claimed that the banks were too powerful, had acted too aggressively, and, in the... More »

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Angela Merkel • Federal Reserve • global economy • central bank • European Central Bank • monetary policy • Chancellor of Germany • financial crisis

OPINION

Only Trade Can Rescue World Economy: Brown

'A banking crisis has become a trade crisis,' writes British PM

May 28, 09 8:35 AM CDT
(Newser) - The banking crisis has stabilized, according to Gordon Brown, but a new calamity has replaced it: "a trade crisis" that is killing jobs in industrialized nations and exacerbating poverty in developing ones. Globalization has compounded the downturn, but it can also accelerate the pickup, the British PM writes in... More »

MORE ABOUT:
Germany • Japan • United Kingdom • Gordon Brown • trade • global economy • protectionism • protectionist trade measures • trade barriers • Doha Round • financial crisis

US Trading Partners See Huge GDP Falls

Mexico contracts
21.5% as American demand dries up

May 21, 09 6:16 AM CDT
(Newser) - Yesterday Mexico became the latest country to disclose a sharp economic contraction as a result of the slowdown in US consumption of imported goods. Mexican GDP fell at an annualized rate of 21.5% in the first quarter, following Germany, down 14.4%, and Japan, 15.2%—its worst performance... More »

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Germany • Japan • Mexico • globalization • recession • global economy • US economy • GDP • NAFTA • Japanese economy • financial crisis

 German Economy Dives 3.8% 

Quarterly fall in GDP is worst in over 40 years

May 15, 09 7:28 AM CDT
(Newser) - The German economy has suffered its worst decline in more than 40 years, with GDP shrinking by 3.8% in the first quarter of 2009. The fall is the most severe on record and worse than economists had predicted, reports the Guardian. News of the contraction in Europe's largest nation... More »

MORE ABOUT:
Germany • Europe • global economy • GDP • euro • recession depression

 IMF: Blame Europe for Longer Recession

EU policy blunders likely to result in longer slowdown for rest of world

Apr 23, 09 5:41 AM CDT
(Newser) - The European economy will sink deepest out of all global economies, bounce back slowest—and delay recovery for the rest of the world to boot, according to the IMF's latest forecast. The agency predicts the EU's economy—at $18 trillion, nearly a third of the world's total—will shrink 4%... More »

MORE ABOUT:
European Union • world economy • recession • IMF • global economy • financial crisis

(AP) - The world economy is likely to shrink this year for the first time in 6 decades, says the International Monetary Fund in projecting a 1.3% drop in a dour forecast today. That could leave at least 10 million more people around the world jobless, some private economists said. "... More »

MORE ABOUT:
International Monetary Fund • recession • IMF • global economy

Spanish Price Collapse Could Signal New Global Woes

'It’s like the front line of a new virus outbreak'

Apr 21, 09 4:45 AM CDT
(Newser) - Spain has suffered a major blow from the global economic crisis, with sky-high unemployment that could soon reach 20%, and merchants across the country are taking a drastic step: slashing retail prices. While lower costs in shops and restaurants might sound appealing, it's actually very bad news—the first sign... More »

MORE ABOUT:
Spain • Europe • unemployment • global economy • deflation • economic crisis

 Religious Tourists 
 Still Flocking to Italy 

Easter likely to see 100,000 in St. Peter's Square

Apr 10, 09 7:56 AM CDT
(Newser) - While industries around the world feel the weight of recession, Italy’s religious tourism appears fairly immune, USA Today reports. “It's one of the only areas where things haven't slowed down much," said a religious tour marketer. "Religious pilgrims still want to have the same experiences”—... More »

MORE ABOUT:
Vatican City • tourism • Italy • Vatican • recession • global economy • Catholicism • religious pilgrims • St. Peter's Square • pilgrimage

Pentagon Game Simulates Global Economic Warfare

The exercise showed China to be the savviest economic operator

Apr 9, 09 9:33 AM CDT
(Newser) - Last month, the Pentagon hosted a new kind of war game, focused not on a “shooting war,” but on how hostile states might damage the US economy, Politico reports. Instead of decorated military brass calling the shots, shirt-sleeved hedge fund managers, academics, and executives played out scenarios shifting... More »

MORE ABOUT:
China • Russia • Pentagon • war games • global economy • Chinese economy • economy

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