Shamim Adam Archive

IMF statement

[Skip to the end] “Ten days ago, the IMF cut its world-growth estimate for this year to 0.5 percent, the weakest pace since World War II. Stimulus packages alone won’t succeed in dragging the global economy out of recession unless confidence is restored in the banking system, Strauss-Kahn said today.” I do ...Read More

Pac Rim vows ‘Extraordinary’ steps

[Skip to the end] How about: ‘Conduct ongoing fiscal adjustments to support domestic demand at full employment levels?’ Not quite, but moving in that direction. They would all rather export than sell their output internally. Pacific Rim Leaders Vow Further ‘Extraordinary’ Steps on Crisis By Shamim Adam and Bill Faries Nov. 23- ...Read More