- Vietnamese consumers spent less during the 2009 Tet holiday compared to previous years, with almost 50% reporting lower spending. The average household spent around 3.5 million VND in Ho Chi Minh City and nearly 5 million VND in Hanoi.
- Consumers indicated that things are more expensive and they have less money to spend. One third of households spent less on key fast-moving consumer goods (FMCG) categories during Tet like beer, confectionery and beverages. However, spending on food was not reduced for most households.
- While Vietnam's economy has grown rapidly in recent years, GDP growth is expected to slow in 2009 to around 6-7% according to government forecasts
The root-causes of the Greek sovereign debt crisisSamant Jain
To better understand the current sovereign debt crisis in Greece, a longer view is warranted. In this paper presented at the 2nd Bank of Greece workshop on the economies of Eastern European and Mediterranean countries, the Bank of Greece covers a 2 decade history of Greece leading to current financial crisis prevailing in the country and looming large over Europe and the future of EU.
The 20 year period 1989-2009 is bounded by two major fiscal crises in Greece: the 1989-1993 crisis, and the ongoing crisis. In both crises deficits exceeded 15% of GDP. In between, Greece entered the Economic and Monetary Union and adopted the Euro. To facilitate discussion the 20 year period will be divided into two parts: the 1989-1999 period, and the 2000-2009 period.
In the final part of the presentation, solutions and remedies to overcome the crisis are suggested.
The root-causes of the Greek sovereign debt crisisSamant Jain
To better understand the current sovereign debt crisis in Greece, a longer view is warranted. In this paper presented at the 2nd Bank of Greece workshop on the economies of Eastern European and Mediterranean countries, the Bank of Greece covers a 2 decade history of Greece leading to current financial crisis prevailing in the country and looming large over Europe and the future of EU.
The 20 year period 1989-2009 is bounded by two major fiscal crises in Greece: the 1989-1993 crisis, and the ongoing crisis. In both crises deficits exceeded 15% of GDP. In between, Greece entered the Economic and Monetary Union and adopted the Euro. To facilitate discussion the 20 year period will be divided into two parts: the 1989-1999 period, and the 2000-2009 period.
In the final part of the presentation, solutions and remedies to overcome the crisis are suggested.
The World 2050 Beyond the BRICs: A broader look at emerging market growth pro...PARIS
In the words of the report’s joint authors John Hawksworth and Gordon Cookson: "The general message is that investors with long-time horizons should look beyond the BRICs — there are many other alternatives worth considering depending on the nature of the investment and the risk tolerance of the investor."
Some of the highlighted projections of this latest analysis:
* By 2050, the E7 emerging economies will be around 50% larger than the current G7 (US, Japan, Germany, UK, France, Italy and Canada)
* China is expected to overtake the US as the largest economy in around 2025
* India has the potential to nearly catch up with the US by 2050
* The projected list of fastest growing economies to 2050 is headed by Vietnam, and the top 10 includes Nigeria, Philippines, Egypt and Bangladesh.
http://www.pwc.com/Extweb/pwcpublications.nsf/docid/146E4E4D52487154852573FA0058A179
FCE is just a step in to the direction of prosperity. Food, Clothes and Education are a basic part of life. They are three elements, which are essential for life. Although we take them for granted most of the time, there are people in the world who can’t afford all three or either one of them. Our objective is to help people who fall under these categories in Nepal.
Government revises its 2009 real GDP growth forecast. The Prime
Minister (PM) announced yesterday that the official real GDP growth
forecast for this year is now between -4% and -5% from +1% to -1%
announced by Bank Negara Malaysia (BNM) in Mar 09. This is due to
the impact of the global recession on external demand which also
weakened domestic demand, especially private investment (1Q09: -
26% YoY), including FDI (1Q09: -50% YoY). However, apart from
mentioning a 25% drop in exports, no detailed breakdown of the
revised forecast was provided.
The World 2050 Beyond the BRICs: A broader look at emerging market growth pro...PARIS
In the words of the report’s joint authors John Hawksworth and Gordon Cookson: "The general message is that investors with long-time horizons should look beyond the BRICs — there are many other alternatives worth considering depending on the nature of the investment and the risk tolerance of the investor."
Some of the highlighted projections of this latest analysis:
* By 2050, the E7 emerging economies will be around 50% larger than the current G7 (US, Japan, Germany, UK, France, Italy and Canada)
* China is expected to overtake the US as the largest economy in around 2025
* India has the potential to nearly catch up with the US by 2050
* The projected list of fastest growing economies to 2050 is headed by Vietnam, and the top 10 includes Nigeria, Philippines, Egypt and Bangladesh.
http://www.pwc.com/Extweb/pwcpublications.nsf/docid/146E4E4D52487154852573FA0058A179
FCE is just a step in to the direction of prosperity. Food, Clothes and Education are a basic part of life. They are three elements, which are essential for life. Although we take them for granted most of the time, there are people in the world who can’t afford all three or either one of them. Our objective is to help people who fall under these categories in Nepal.
Government revises its 2009 real GDP growth forecast. The Prime
Minister (PM) announced yesterday that the official real GDP growth
forecast for this year is now between -4% and -5% from +1% to -1%
announced by Bank Negara Malaysia (BNM) in Mar 09. This is due to
the impact of the global recession on external demand which also
weakened domestic demand, especially private investment (1Q09: -
26% YoY), including FDI (1Q09: -50% YoY). However, apart from
mentioning a 25% drop in exports, no detailed breakdown of the
revised forecast was provided.