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global resession 2009 and beyond
Theme: Global Economy. greece destruction. Six years of recession, an impressive drop in GDP from €231 billion in 2009 to €193 billion in 2012, unemployment at 26.9% in April 2013 from 7.5% in 2008, 57% for the under 25s, and an explosion ... Beyond the infatuation with balance of payments deficit reduction, the IMF report on Greece, published at the end of July 2013, confirms that the Greek population is still writhing in the stranglehold of increasing public debt.
What do Bernie Madoff`s epic Ponzi scheme, the big bank-driven global recession, and massive multiplayer online games all have in common? ... Massive, multiplayer online games, among them World of Warcraft and Second Life, in addition to EVE, are developing their own independent economies with the help of their online communities, pushing beyond the boundaries of virtual video games into the world of hard monetary value. By replicating real-life economic& ...
By Sam Silverstein | June 1, 2009 | Broadcasting, Cover Story. Satellite operators doing business in Asia are thriving despite the global recession, with revenue from transponder leasing in the region remaining strong even as other sectors of the world`s economy have withered. The commercial communications ... Beyond television, Dickins says mobile communications also is emerging as an important business catalyst for the satellite industry in the Asian region. Satellites provide an& ...
In fact, austerity has worked as advertised in some cases. Germany`s fiscal deficit temporarily increased by about 2.5 percentage points of GDP during the global recession of 2009; subsequent rapid deficit reduction had no significant negative impact on growth. ... Austerity always involves huge social costs; but it is unavoidable when a country has lived beyond its means and lost its foreign creditors` confidence. The external fundamentals of the eurozone`s periphery& ...
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