The large macroeconomic imbalances with which Ghana entered the global financial crisis have narrowed recently. However, there are still sizeable vulnerabilities.
Monthly Update The Netherlands
The severe deterioration of asset quality in late 2007 marked the opening act of the financial crisis. A drop in global economic activity during 2008 and early 2009 was next. A wave of sovereign defaults in the industrialised world is step three.
The finance ministers of the G20 have called for an end to expansionary fiscal policies in their latest communiqué. This can prove costly while households and firms are still busy repairing their balance sheets and facing massive headwinds.
The UK government claimed that the fiscal consolidation plan will be tough and they certainly did not disappoint. The government plans to reduce its structural budget deficit by 8% of GDP over the next five years.
This study shows how close the links are between Rabobank and cycling. By delving into a huge number of results from bicycle races we have charted the development of Dutch road cycling since 1970.
Economic Quarterly Report Dutch version
While Europe is being dragged into the Greek tragedy, the former Soviet Union is facing completely different challenges. In this article we compare this region with Africa and conclude that there are some striking resemblances.
Morocco’s stable growth and banking sector, despite the global crisis, mark the county’s present relatively sound economic state.