Friday, 16 January 2009

Global economy to shrink; deflation greatest threat, says UN

7 comments:

Justintime said...

the worldwide price level goes down caused by both decrease in aggregate demand and aggregate supply. The current solutions mostly and monetary policies like decrease interest rate to stimulate economy.

Aaron 施 said...

With official interest rates across the West tumbling towards zero, the UN issued a call for coordinated fiscal stimulus packages in countries around the world

Susan said...

It is a truth that every one knows.History is repeating and the ressesion is inevitable and unpredicatable.

Andy Nan said...

That's what everybody knows

Anonymous said...

Experiencing all the crisises hapeended at my age is kind of lucky, not too old or I will be suffered from it , not too young or I will not understand it. ALL that happened are lessons to all of us , especially our generation, We should take responsibility for all the deeds.

Anonymous said...

deflation
shrink in demand=> price go down=>company goes bankrupt=>in come cut=> increase in unemployment

To takle this situation government should acts some fical stimulus such as cutting tax.....but eventually will raise goverment budget

E. Vicente said...

read it