Tuesday, April 10, 2012
eldridge financial switzerland: http://www.kazor.com/2012/02/eldridge-financial-bl...
eldridge financial switzerland: http://www.kazor.com/2012/02/eldridge-financial-bl...: http://www.kazor.com/2012/02/eldridge-financial-blog-uk-in-recession-again-as-recovery-is-%E2%80%98paralyzed%E2%80%99-by-the-european-debt-c...
http://www.kazor.com/2012/02/eldridge-financial-blog-uk-in-recession-again-as-recovery-is-%E2%80%98paralyzed%E2%80%99-by-the-european-debt-crisis-forecasted/
February 15, 2012 – LOS ANGELES, CALIFORNIA – (Kazor.com) – Britain is once again suffering a recession and unemployment risks coming close into three million this year as forecasted by the leading economic forecaster. The UK’s economic recovery is ‘paralyzed’ by Europe’s debt crisis, the Ernst & Young Item club will warn, as it cut its GDP growth forecast from 1.5 per cent to 0.2 per cent. According to Eldridge Financial Blog, the dire prediction comes after nine European countries including France, have had their credit ratings downgraded on Friday, dropping world stock markets into turmoil.
Economists had hoped that exports and business investment would strengthen the economy this year, with public and consumerspending still in the doldrums. Nevertheless, Europe accounts for more than 40 percent of British trade and business confidence has been roughly hit by insecurity about the future of the Continent and the single currency. On Eldridge Financial Blog in the Sunday Telegraph quoted Professor Peter Spencer, chief economist at the Item Club, as saying: ‘Figures for the last quarter of 2011 and the first quarter of this year are likely to show that we are back in recession, and we are going to have to wait until summer before there are signs of improvement. Although he said the double dip was unlikely to be prolonged, he warned that unemployment was nevertheless likely to hit three million by early next year. Figures set for release on Wednesday are expected to show the jobless figures continued to rise in the three months up until the end of November. Professor Spencer admitted that the Item Club’s predictions were based on positive assumptions about European policymakers’ ability to keep the euro zone from falling apart. The longer the uncertainty continues, the more debilitating the impact will be on the UK’s economic prospects, he added. The European Commission vice-president for economic affairs, Olli Rehn, yesterday attacked the decision by Standard & Poor’s to cut down the credit ratings of so many European countries.
The downgrades were ‘inconsistent’, claiming that the euro zone was taking ‘decisive action’ over the economic crisis.
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eldridge financial switzerland: Eldrige Financial Blog: Fed Apprehension job gains...
eldridge financial switzerland: Eldrige Financial Blog: Fed Apprehension job gains...: http://www.eldridgefinancial-blog.com/tag/fed-apprehension-job-gains-could-fade/ WASHINGTON – The current strong gains in hiring makes the...
Eldrige Financial Blog: Fed Apprehension job gains could fade
http://www.eldridgefinancial-blog.com/tag/fed-apprehension-job-gains-could-fade/
WASHINGTON – The current strong gains in hiring makes the Federal Reserve policymakers worried that it could buzz if the economic growth of the US doesn’t go up.
According to the Fed’s minutes on Tuesday, members were first stated their concerns before they make a plan to keep interest rates at record lows until at least late year 2014. However, some of the members want to take further procedures to improve the economy current status if a condition gets worse or inflation remains reclaimed.
After the meeting, Fed presented the somewhat current view of the economy mainly because of the three consecutive months of hiring in two years. It was concluded that there have been similar raptures of hiring in the previous two years which ended up fading.
On the speech echoed by the Fed Chairman Ben Bernanke last week in the economists gathering, the decline of the economy recovery was the main concern of Fed as it did last year.
Americans aren’t receiving meaningful pay augmentation. Gas prices are high. Additionally, Europe’s debt crisis could reflect on the U.S economy. Provided that the inflation will remain on its current position, analysts think that the Fed will likely give interest rates down in order for them to give the economy an additional support. Most of the economists don’t think that Fed officials will alter their interest-rate policy at their following meeting on April 24-25 and will only relieve credits if the economy gradually moves from its current status.
The economy outlook is going up. Employers added an average of 245,000 jobs a month from December through February. On the other side, the rate of unemployed dropped nearly to 8.3%. The government will report Friday on the job market in March. Most of the economists supposed that the report will give a better month of job creation with a net gain of 210,000 jobs. They also expect that the unemployment rate will remain at 8.3%.
Monday, January 30, 2012
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