The Governor of the National Bank of Poland wants to make sure reserves will be covered in case the zloty strongly fluctuates.
The conflict between President Lech Kaczyński and the Polish Prime Minister Donald Tusk about central bank activity had deep after Piotr Kownacki, head of the presidential cabinet, said the intention of the Warsaw government [...]
Vice President Joe Biden said recently that the Obama administration had underestimated how badly the U.S. economy was doing when it first took office.
Now, members of government are not optimistic. “I am skeptical regarding the impact of the program to stimulate the economy. I doubt that will produce something good, and if it will have [...]
Unemployment could continue to grow in the United States until 2010, according to a study of analysts conducted by Reuters. This will likely make the Federal Reserve keep interest rates unchanged through nest year.
Results of this investigation were made public after the Labor Department announced that the job cuts rose in June, more than was [...]
The annual inflation rate in the European Union fell in June for the first time, according to preliminary estimates by the Statistical Office of the European Union, Eurostat. Inflation went from 0% in May to -0.1% in June, just in the negative zone.
The data on inflation in the EU, in each Member State [...]
The Federal Reserve Bank has tried to hide the pressure it applied to Bank of America to buy the faltering investment bank Merrill Lynch, charged Darrell Issa of the House Oversight and Government Reform Committee.
The Fed has deliberately hidden in front of other federal regulatory agencies relevant details related to the merger, said Issa. Fed [...]
The International Monetary Fund (IMF) concluded the 2008-2009 fiscal year with a profit of 126 million dollars, as the global economic crisis has increased demand for fund loans, after a year before it had lost 89 million dollars.
IMF announced that the financial situation has improved significantly due to higher demand for loans from Member States, [...]
The Chinese economy will grow this year by 7.2%, estimates the World Bank (WB) in its most recent quarterly forecast. In March, the World Bank estimate for China was 6.5%.
The change of forecast is a consequence of economic stimulation program of the Government in Beijing, of 585 billion dollars (418 billion U.S. dollars) grant [...]
The strong development in China will help lift the world economy from recession, said the president of the World Bank, Robert Zoellick, quoted by Mediafax.
“Evolution of the Chinese economy this year will surprise you. Growth is not just an element of stability, but a force that will bring the system of global recession, “said Zoellick [...]
Emerging countries will grow faster compared with those of developed nations after emerging from the world economic crisis, and banks that have operations in these markets will benefit from of a number of advantages, according to the head of a group that owns Renaissance Capital, the largest investment bank in Russia, writes The Guardian.
“If we [...]
The global economic recovery will be slow, increasing unemployment worldwide which raise the threat of social crisis and protectionism, said World Bank president, Robert Zoellick, in an interview for Spanish newspaper El Pais.
“What began as a major financial crisis and become a major economic crisis now turns into a crisis of unemployment, and if we [...]
The global economy will return to growth starting next year, said deputy director of the International Monetary Fund (IMF), John Lipsky, quoted by Bloomberg.
“Our outlook on the global economy suggests a return to economic expansion in 2010”; said Lipsky. “However, the return will be much more slowly than in previous periods of recession “the IMF [...]
