Arab Today, arab today global recovery in danger of skidding off course
Last Updated : GMT 05:49:56
Arab Today, arab today
Arab Today, arab today

Global recovery in danger of skidding off course

Arab Today, arab today

Arab Today, arab today Global recovery in danger of skidding off course

London - Qna

The global recovery \"is in danger of skidding off course\", according to the latest Brookings Institution-Financial Times tracking index of the world economy, with growth slowing down sharply amid financial turbulence and policy paralysis. The gloomy prognosis applies across the Group of 20 leading economies, the TIGER index shows, although the slide back towards stagnation is much more prevalent in the advanced world compared with emerging economies. Professor Eswar Prasad of the Brookings Institution said: \"Debt crises, weak employment growth and policy dithering in the major advanced economies have exacerbated global economic uncertainty\", reported the Financial Times Monday. The financial market component of the indicator has been particularly hard hit, reflecting widespread anxiety in markets since the spring and the lack of rapid resolution to the uncertainties hanging over the eurozone and the US debt ceiling. In the US, Prasad said, \"political wrangling and weak employment growth have contributed to declines in business and consumer confidence, with these factors feeding off one another and stunting the recovery\". Across the rest of the advanced world, Japan\'\'s economy has been reeling from the effects of the earthquake and tsunami in March, while even in Germany, the fastest growing advanced economy, employment growth has levelled off and the eurozone crisis has dented business and consumer confidence. The real economies of emerging countries of the G20 have performed better, with China still leading the way with continued rapid growth, punctured only by domestic tensions between high inflation and the desire to promote continued rapid domestic demand. India\'\'s financial sector has slowed, while industrial production growth has also cooled in Brazil. \"Emerging markets may find it difficult to continue being the drivers of global growth for much longer if advanced economies\'\' policies fail to restore their own economic growth and, instead, just add to global financial instability,\" Prasad said. The ambition to restore the rate of growth and the pace of the global recovery to 2010 levels is compromised by the already exceptionally loose monetary policies around the world and the lack of additional firepower in fiscal policy with deficits remaining extremely high. Added to this is the perception in companies and financial markets that advanced economy politicians are unwilling or unable to address the escalating risks of another descent into financial crisis.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today global recovery in danger of skidding off course Arab Today, arab today global recovery in danger of skidding off course

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today global recovery in danger of skidding off course Arab Today, arab today global recovery in danger of skidding off course

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday