World Bank issued warning that the world is on the cusp of a new global recession that could be as bad as the crisis four years ago.
The U.S. economy is headed for another recession that government intervention cannot prevent, according to the Economic Cycle Research Institute. Such downturns will occur more often. Lakshman Achuthan, co-founder of ECRI says: “This is a new recession; it’s not a double dip recession…We can’t avert it.” Last Friday, ECRI’s Weekly Leading Index growth indicator reported […]
Thomas Schroeder, managing director at Chart Partners Group Ltd., talks with Bloomberg’s Rishaad Salamat about technical analysis of the oil market. Speaking from Bangkok, Schroeder also discusses the outlook for U.S. and Asia-Pacific stocks, commodity demand and the Australian dollar.
Growth in the Gulf Cooperation Council states is expected to rise to 4.4 percent in 2010 and 4.7 percent in 2011, the Washington-based Institute of International Finance (IFF) said in a report on Monday. United Arab Emirates is forecast to lag behind the other Gulf countries at two percent growth in 2010 and 3.1 percent […]
During the last 12 months, analysts and researchers from the most prestigious firms, such as BofA Meril Lynch and EFG Hermes, produced reports aiming to convince the general public that The Recession is well over and behind us. In 2010, UAE’s GDP growth is roughly projected to reach nearly 2%, while inflation is even slowly […]
Having an MBA once guaranteed you a high-flying job with an even higher salary. But that’s not necessarily true anymore. In the wake of the global recession, there are now more skilled jobseekers than there are skilled jobs. But that’s not deterred record numbers of students applying for MBAs this year. But why?
Dear Readers, To all those who have followed Dubai Chronicle coverage online, we would like to offer a hearty thanks and a promise for 2010. In the coming 12 months, we at Dubai Chronicle will continue with our efforts to cover the major businessÂ and financial developments with authority, judgment and imagination. Next year will […]
Middle East analysts from London-based risk consultancy Exclusive Analysis answer emailed questions about Iran, Saudi Arabia and UAE, reported Reuters. Q: Do you anticipate widespread defaults in the UAE in light of the global credit crisis? Which sectors are most likely to be affected? How will this affect the internal dynamics of the United Arab […]
While financial experts around the world talk of economic recovery, many of us remain boggled by all the jargon. But apparently it’s as easy as ABC, well V, W, U, L. Al Jazeera’s Samah El-Shahat took to the streets of London to explain.
A recession is defined to be a period of two quarters of negative GDP growth. By definition is a national or world event and statistical aberrations or one-time events can’t create it, as for a recession to occur the real economy must decline. Are we in a recession or depression? While economists can’t even agree […]