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  1. Argentina's poor still paying the price of economic stagnation

    Posted Apr 29th 2004, 12:00am by Staff Reporter

    ... growing, as climbing back to pre-crisis levels after five years of recession. Spurring this recovery has been a favourable exchange rate since the government devalued the peso in January 2002 after ...

  2. Japanese-style depression looms for South Koreans

    Posted Jul 15th 2004, 12:00am by Staff Reporter

    ... consumption in the first quarter fell by 1.4 per cent, leaving consumer sentiment at its lowest since last year's six-month-long recession. Domestic demand has remained stubbornly low, fuelling fears the country is facing an extended recession. Finance and Economy Minister Lee Hun-jai is doing his best to talk up the economy. 'It may take time for the effects to be felt ...

  3. It's time to pay the piper for the Bush-era deficits

    Posted Nov 07th 2004, 12:00am by Chris Oliver

    ... and heavy government spending that held off recession in the first term will not be in the arsenal this time, he says. The tax rate on personal income for the average US household has dropped ... scenario: a synchronised global recession that encompasses the bulk of the global economy, hitting the US, China, Europe and Japan. Faced with few fiscal policy options, the US will have little ...

  4. Global investors advised to play safe

    Posted Feb 23rd 2004, 12:00am by Staff Reporter

    ... to recession next year to deflation in 2006. Mr Nageswaran said growth in the United States was not sustainable, as the world's largest economy had been goosed by one-time factors such as tax cuts ... a recession. If they don't, there would be further US dollar depreciation. But the US dollar depreciation has limits and won't work forever... Other countries can't take too much ...

  5. Slowdown to test UK market's mettle

    Posted Aug 11th 2004, 12:00am by Richard Warren

    ... levels. 'The Leeds market has exploded in the past five years. It has become an established European centre in financial services. It had an industrial recession earlier than many other ...

  6. ABN Amro warns of accelerating risk to economy

    Posted Oct 10th 2004, 12:00am by Chris Oliver

    ... New data shows China's manufacturing sector has accelerated since June, evidence that the austerity measures are not working, according to ABN Amro. With exports up 36 per cent year to date, China is running the risk of exhausting its economy just as ...

  7. Tip markets seen as shelter in event of global slowdown

    Posted Jul 25th 2004, 12:00am by Chris Oliver

    ... The counter-cyclical economies of Thailand, Indonesia and the Philippines (Tip) could prove to be a golden triangle ahead of an expected global economic slowdown, according to ABN Amro. The brokerage upgraded the three markets to 'overweight' ow ...

  8. Unsteady growth seen holding down US rates

    Posted Jun 06th 2004, 12:00am by Suzanne Dennis

    ... SUZANNE DENNIS Forget talk about the rising United States interest-rate cycle, says fund manager Kevin Colglazier- low rates are here to stay. In a break with the consensus that rate rises will begin before the presidential elections in November, Mr Colgl ...

  9. School cleared of isolating pupil, 11

    Posted Sep 09th 2004, 12:00am by May Chan

    ... alone during recess for two months, forbidding him to move or make contact with other students. The alleged incident happened in March, when the boy was in Primary Five, according to Mo ... schoolmates during recess. 'He was permitted by the teachers to buy snacks and go to the toilet,' the bureau said in its report. 'Teachers also made use of the recess time to provide ...

  10. Doing the right maths on jobless numbers

    Posted Mar 01st 2004, 12:00am by Jake Van Der Kamp

    ... Jake van der Kamp 'Hong Kong is undergoing economic restructuring and transformation into a knowledge-based and higher value-added economy. This together with the economic downturn since the Asian financial crisis of 1997-1998 has resulted in stubbor ...




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