The Philippines along with China and Taiwan were given the biggest chance of escaping unscathed from the global financial turmoil brought about by the European debt crisis mainly as a result of internal liquidity among the three economies, a study released yesterday by credit watchdog Fitch Ratings. Read the rest of this entry »
RP among Asian economies seen to withstand Euro woes
November 22, 2011
Phl can survive global eco crisis – IMF
November 8, 2011
MANILA, Philippines – Multilateral lender International Monetary Fund (IMF) believes the Philippines has the capability to survive the impact of the fragile economic growth in advanced economies led by the US as well as the sovereign debt crisis in Europe. Read the rest of this entry »
World of Work Report 2011- ILO says world heading for a new and deeper jobs recession, warns of more social unrest
October 31, 2011
In a grim analysis issued on the eve of the G20 leaders summit, the International Labour Organization (ILO) says the global economy is on the verge of a new and deeper jobs recession that will further delay the global economic recovery and may ignite more social unrest in scores of countries. Read the rest of this entry »
Phl firms unfazed by global eco crisis
October 10, 2011
MANILA, Philippines - The country’s top corporations and giant conglomerates are unperturbed by the downturn in the world economy. Read the rest of this entry »
IMF warns global recession in 2012 ‘can’t be ruled out’
October 6, 2011
BRUSSELS: Recession is a live risk next year, particularly in Europe, a senior IMF figure said Wednesday in Brussels as the eurozone toils with twin sovereign debt and banking crises. Read the rest of this entry »
World economy enters ‘dangerous new phase of crisis,’ IMF chief
September 16, 2011
WASHINGTON (Kyodo) — International Monetary Fund Managing Director Christine Lagarde on Thursday urged policymakers of advanced economies to cooperate in tackling European debt crisis and other financial problems, saying, “We have entered a dangerous new phase of the crisis.” Read the rest of this entry »
WB’s Zoellick says double-dip recession unlikely
September 7, 2011
SINGAPORE – The global economy is unlikely to fall back into recession but there are risks, World Bank President Robert Zoellick said on Tuesday. “I don’t believe that the United States or the world will go into a double-dip but there’s a high degree of uncertainty,” Zoellick told reporters in Singapore. The United States is more likely to go through a period of slow growth with ongoing high unemployment, he added. Read the rest of this entry »
Weak demand, fiscal tightening impede recovery in developed economies – UN report
September 6, 2011
Economic recovery in developed economies may grind to a halt because of weak domestic demand and the replacement of stimulus packages with fiscal austerity measures as governments try to regain the confidence of the financial markets, according to a United Nations report unveiled today. Read the rest of this entry »
Hiring standstill in US points to rising recession risk
September 5, 2011
WASHINGTON (AP) – Employers added no jobs in August – an alarming setback for the economy that renewed fears of another recession and raised pressure on Washington to end the hiring standstill. Read the rest of this entry »
Crisis in the West: The impact on Asia
August 26, 2011
REPUBLIC SERVICE
Last of Two Parts
WHAT will be the impact of the economic and financial crises in America and Europe on Asia? For the region outside Japan, Morgan Stanley analysts see “No Escape from Weaker Growth in the Developed World”, as their Hong Kong report predicts. Read the rest of this entry »
