The International Monetary Fund said on Tuesday that the financial crisis "is likely to be deep and long lasting." Peter Coy of BusinessWeek magazine discusses Britain's plans to help struggling homeowners and Germany's new approach to getting rid of toxic assets.
All Posts Tagged With: "financial crisis"
Though China's growth rate is sluggish compared to recent years, some media reports have referred to China as a "knight" who will rescue the world from the global financial crisis. A Worldfocus contributing blogger writes to explore how China is leveraging its power and planning for the future.
Despite the recession, many world financial markets have risen sharply in the last six weeks, but analysts warn that those gains mask the deep economic problems that remain and will continue for some time. Marcus Mabry of The New York Times discusses the economic outlook for the rest of 2009.
Worldfocus producer Ara Ayer reported on a signature series from the Baltics and writes about those nations' efforts to retain their national and cultural identities, even as the global economic crisis looms and Russia reemerges as a world power.
Brazil's economy -- Latin America's largest -- has seen slipping industrial production and will take a hit this year. A Worldfocus contributing blogger writes about the fate of Brazil's scrap collectors as prices for recyclable materials drop.
The global recession may cost the African continent billions in aid, and several African leaders have acknowledged that they underestimated the effects of the financial crisis. However, a Worldfocus contributing blogger writes that there is a bright side for rural Africans.
Martin Wolf of the Financial Times of London discusses whether the measures announced by the G-20 leaders in London will have a real impact on the global economic crisis.
As U.S. President Barack Obama prepares for the G-20 economic summit and offers assurances that differences between world leaders are exaggerated, a Worldfocus contributing blogger argues that member states' interests are too divergent to find an economic fix, and that the G-20 is not a representative international body.
For years, as Spain's economy soared, immigrants poured into the country from Africa, Eastern Europe and even South America. It was a land of opportunity -- but no longer, with jobs vanishing and antagonism growing.
Leslie H. Gelb, the president emeritus of the Council on Foreign Relations and the author of "Power Rules," discusses his belief that major conflicts like that in Afghanistan should not be the focus of President Obama's foreign policy.