Category: Economy

Unsustainable economic recovery?

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FROM THE ECONOMIST INTELLIGENCE UNIT The global recovery is now well under way, with economic conditions improving in most regions. After shrinking by 1% last year, world GDP at purchasing power parity will grow by 3.6% in 2010. However, the…

Uganda’s oil reserves

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FROM THE ECONOMIST INTELLIGENCE UNIT A battle is being fought for the rights to Uganda’s burgeoning oil sector. The risks–and rewards–for potential investors are substantial. Uganda has oil–lots of it. Another discovery in the Lake Albert Basin along the Congolese border in fourth-quarter 2009 brought…

Corporate expectations continue to rise: EIU report

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When the Corporate Expectations Barometer was launched, it was anyone’s guess how an online survey of business perceptions would fare in predicting the future. The May 2009 baseline survey, conducted by the Economist Intelligence Unit and sponsored by SAP, showed…

Economist sees threat to Euro-zone economic stability

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Jan. 27 (Bloomberg) — New York University Professor Nouriel Roubini said he’s never been more pessimistic about the future of European monetary union, saying Spain poses a looming threat to the euro region holding together.

Greek deficit ‘endangers’ euro, EU commission says

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EUObserver: Soaring public deficits in euro countries such as Greece weaken the credibility and “endanger” the cohesion of the common currency, according to a leaked European Commission paper. Meanwhile, the Greek finance minister has rejected speculation that his country might…

First Dubai, Next Europe

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NYTimes:  When it looked as if Dubai would go bust last month, making global financial markets swoon, its wealthy neighboring emirate stepped in and bailed it out with a $10 billion loan. Unfortunately Dubai isn’t the only one teetering on…