Friday, May 16, 2008
how thin?
CNN: World economy on thin ice - U.N.
UNITED NATIONS (AP) -- The U.N. says the world economy is "teetering on the brink" of a severe downturn and will grow by only 1.8 percent in 2008.
That's down from a global growth rate of 3.8 percent in 2007.
The U.N.'s mid-year economic projections released Thursday blamed the downturn on further deterioration in the U.S. housing and financial sectors in the first quarter.
Posted by mark @ 10:49 AM (437 views) Add Comment
5 Comments
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1. Jamonit said...
And yet stock markets are soaring, UK bankruptcies are down on a year ago, there's talk of big companys buying out the small BTLs, there's talk of agricultural commodity prices having peaked, BA profits are up, gold is down...can someone please reconcile these with a supposed impending global crash for me?
2. jamonit said...
And yet stock markets are soaring, UK bankruptcies are down, gold is down, there's talk of agricultural commodity prices having peaked, and talk of companys buying out small btls, BAs profits are way up....can someone please do me a favour and reconcile these with a supposed global slump?
3. mark wadsworth said...
Cool! Polar bears on thin ice, economy on thin ice.
4. afrobaggie said...
mw @2
Ergo polar bears = economy?
Save a polar bear, save the economy! Who's with me?
5. plato said...
jamonit@1
Been asking myself the same question, (although not sure about the bankruptcies)------- just don't understand, other than : Must be a big delay factor to kick in, in year 2009. Strange! As the markets operate on forecasts as well as results. Good results are still coming in many sectors but that leaves an even bigger negative for the future.