Azerbaijan has been affected much less by the global financial crisis than some other CIS countries, as it entered the crisis without a large credit bubble or high private external indebtedness.
New Zealand prior to the crisis seems to have developed a social convention where the government does the saving, leaving spending to households and firms (making New Zealand the exact opposite of Japan in this regard).
Economic Report Dutch version
On Friday, 11 March, 2011, Japan was struck by a historically severe earthquake, a devastating tsunami, and a nuclear crisis that is yet unresolved.The impact on the lives of those affected is foremost in our minds, dwarfing the huge economic impact, the magnitude of which we attempt to estimate in this Special Report.
Economic Update Dutch version
As the export and the government sector step back gradually this year, all eyes are on the Belgian firms and households. Based on high producer confidence and a rising capacity utilisation rate, we expect businesses to increase their investments this year to expand production capacity.