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How to Avoid a Double Dip; The West's Economy
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 400 no. 8748 (Aug. 2011)
,
page 12.
Topik:
Global Economy
;
Economic Growth
;
Consumer Confidence Index
;
International
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.67
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
The world economy is in much worse shape than it was only a few weeks ago. Growth has slowed sharply in both America and Europe. Even the emerging world has lost some of its sizzle. Global share prices have dropped by around 15% since early July. Consumer confidence has slumped. All this has led to a grim, and sudden, reassessment of growth prospects, especially in the rich world. Forecasts for 2012 have been slashed. The odds of a double-dip recession have risen sharply on both sides of the Atlantic. It does not have to be this way. Echoing the spirit of 2008, policymakers could adopt a co-ordinated strategy to boost growth. Two priorities stand out. First, a recalibration of fiscal and (in some places) monetary policy. Second, a big push on supply-side reforms, from freeing trade to slashing red tape.
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