Dr. Rick C. Ernst
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Global Economy

Africa's contribution to global economy is growing, says Old Mutual
www.investmenteurope.net

African informal economy figures suggest that the continent's formal $1.3trn GDP is set to grow faster, according to Old Mutual Investment Group. In 2012, total GDP of Africa was $1.3trn, equating to 2.5% of world's $54trn. The economic performance …

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Hope on the horizon thanks to Uncle Sam as global economies brace for rough …
www.theaustralian.com.au

But over the next 12 months we'll often hear the phrase "multi-speed economy" — in the global context — with the main economic blocs experiencing unusually disparate rates of growth. Even then, these differences are unlikely to be the main drivers of …

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Developing world faces domestic challenges, as global economy stabilizes
www.worldbank.org

June 12, 2013 – The world economy appears to be getting back on its feet as risks from advanced economies ease. Growth in the developing world will remain solid, albeit slower than the frenetic growth rates seen during the pre-crisis boom period, as …

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The death of easy cash : Can the global economy deal ?
theweek.com

ederal Reserve Chairman Ben Bernanke's announcement this week that the central bank could begin winding down its stimulus program initially seemed like good news. After all, the impetus behind the tapering, as it is known, is that the U.S. economy is …

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Turmoil on Financial Markets: Share Selloff Points to New Economic Crisis
www.globalresearch.ca

The renewed turmoil on global financial markets, which saw major falls on Asian markets and a one percent downturn on Wall Street yesterday, underscores the fact that none of the problems that erupted in the 2008 meltdown have been overcome. On the …

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Miti: Trade outlook challenging on global economy weakness
biz.thestar.com.my

But based on trade data for the first four months of the year, which saw exports and imports contracting 2.7% on the back of continued weakness in the global economy and softening commodity prices, he said Malaysia's trade growth would likely end 2013 …

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Central Banks Criticize Europe for Political Gridlock on Economy
www.nytimes.com

The Bank for International Settlements acts as a financial clearinghouse for most large central banks, including the Fed and the E.C.B., and as a forum for central bankers to discuss policy issues. It uses its annual report to take stock of the global …

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Oracle Becomes Bellwether of Rough Global Economy
www.cnbc.com

If you needed a sign that the global economy is not going along with the program engineered by massive central bank liquidity, look no further than Oracle. The company's shares are down eight percent as earnings fell short for the second quarter in a row.

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North American business leaders more upbeat on their economies, report finds
www.washingtonpost.com

Business executives in North America are more positive than those elsewhere about their own countries' economic prospects, according to a report on global economic conditions released Friday. But those executives are more uneasy about the world …

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