Dithering in the Dark; The Cloud of Uncertainty  

Oleh:

[s.n]

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 403 no. 8789 (Jun. 2012), page 67-68.
Topik: Recessions; Politics; Economic Policy; International Relations; Uncertainty; International

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.72 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

Lihat Detail Induk

Isi artikel

Europe teeters at the edge of an economic abyss, its fate in the hands of political leaders at odds over how to solve the continent's twin debt and bank crises. America may be pushed over a "fiscal cliff" at the end of the year by political dysfunction. And even China, although unlikely to take a deep dive, is hostage to the will and ability of its government to stimulate growth. More than at any point in recent history, the global economy's fate is tied to the capriciousness of policymakers. How much does such uncertainty cost? Anecdotal evidence suggests that it costs a lot. Customers of Cisco Systems, the world's biggest maker of internet gear, are taking longer to make decisions, according to John Chambers, the company's boss. Their orders tend to be smaller than before, and to require more in-house approvals. They say they are planning to buy more stuff later this year, reported Mr Chambers recently, but "then in the very next breath they say it depends on what happens on a global and macro scale." In Europe firms must reckon not only with recession but also with the risk that their investments may be redenominated in a different currency or locked in by capital controls.

Opini Anda

Klik untuk menuliskan opini Anda tentang koleksi ini!

Kembali