Tag "Debt"
3 factors that will affect China’s GDP growth rate this year
Economists and China watchers alike have waited for news on whether China’s growth will remain high. Contrary to popular belief, a decline in growth would actually signify effective implementation of
Vietnam increases foreign bank ownership
Vietnam looks to attract more foreign investment to sustain growth trajectories. The government hopes that changing regulations of foreign ownership of its banks will attract more capital. To boost growth
Could Puerto Rico default?
Puerto Rico is about to follow in the footsteps of Detroit, with few options left but declaring bankruptcy. With U.S. retirement funds relying on Puerto Rican bonds in portfolios, the
IMF urges Japan to address debt and reform economy
Recently, there has even been hope that Japan might move away from its persistent deflation, yet the IMF continues to urge Tokyo to do more. The International Monetary Fund urged
China to Audit Local Governments and Reduce Financial Risk
On July 28th, China’s National Audit Office (NAO) announced that it will conduct a nationwide audit of government debt as Beijing tries to ascertain the financial risks to China’s continued
10 Facts about the Detroit Chapter 9 Bankruptcy
“They (outsiders) think Detroit is a dump. No respect. It’s a dump now. Detroit can’t even handle its own business? That’s sad.” — Detroit resident Everett Cottrell, 52. 1. The largest
Competitiveness Report Digest Part II: The Levant and North Africa
See Part I for an introduction to the Arab World Competitiveness Report 2013. Just as the Gulf countries exhibit similar strengths and weaknesses, countries of the Levant and North Africa
Austerity Unravelled?
Austerity proponent have been dealt a blow as research has shown glaring errors in the Reinhart-Rogoff “Growth in a Time of Debt” paper. Since the start of the economic crisis,
Ecuador continues to roar
Nicknamed ‘the jaguar of Latin America’, Ecuador continues to live up to its worthy title despite global economic slowdown that has affected much of its neighbouring states over the past
