The World In Depression: Living With Crisis (Many articles concerning many countries are placed below) Information Directly From The Horses Mouths The following is a reformatted version of the introductory remarks of European Central Bank President Mario Draghi at a press conference in Frankfurt. The risks surrounding the economic outlook for the euro area continue to be on the downside. Developments in global money and financial market conditions and related uncertainties may have the potential to negatively affect economic conditions. Other downside risks include higher commodity prices, weaker than expected domestic demand and export growth...downside risks stem from weaker than expected economic activity. (1) The world economy is recovering but at a pace too slow to create jobs, International Monetary Fund Managing Director Christine Lagarde said... Recovery is under way but unfortunately at too slow a rhythm to create the jobs needed around the world, she told journalists in Paris. (2) (US) Federal Reserve Chairman Ben Bernanke...said he still sees an awful lot of slack in the labor market, while saying that economic data does not do a good job of providing an accurate measure. (3)
Posted on: Sun, 10 Nov 2013 12:44:39 +0000
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