Posts Tagged ‘ The Recovery ’

Eliminate bad debts once and for all: experts 

November 13, 2011
Eliminate bad debts once and for all: experts 

  Wiping out small banks should not be the goal of banking reform A customer exits a branch of Joint-Stock Commercial Bank for Foreign Trade of Vietnam, or Vietcombank, in Hanoi. Bad debts at local banks are rising, raising concerns about the safety of the whole banking system. With bad debt exposure rising among local [...]

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IMF revises up global forecast to near 4% for 2010

January 28, 2010
IMF revises up global forecast to near 4% for 2010

The International Monetary Fund (IMF) said Tuesday the global economy is recovering faster than previously anticipated and will grow 3.9 percent this year and 4.3 percent in 2011. The IMF said it had revised upwards its earlier forecast for global growth by 0.75 percentage point from the October 2009 forecast.RECOVERY SLUGGISH IN ADVANCED ECONOMIESBut the [...]

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Asia needs low interest rates amid recovery, ADB says

December 17, 2009
Asia needs low interest rates amid recovery, ADB says

Asia should keep interest rates low even as China, South Korea and other emerging economies in the region may grow at the fastest pace in three years in 2010, the Asian Development Bank said. “Inflation is still low,” Jong-Wha Lee, the Asian Development Bank’s chief economist, told reporters in Manila Tuesday. “We haven’t seen a [...]

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U.S. economic expansion to be moderate: Bernanke

December 9, 2009
U.S. economic expansion to be moderate: Bernanke

The U.S. economy is likely to expand moderately, Federal Reserve Chairman Ben Bernanke said on Monday. U.S. Federal Reserve Chairman Ben Bernanke delivers remarks during the December Luncheon meeting of the Economic Club of Washington, at the Capital Hilton in Washington on Dec. 7, 2009. (Xinhua/Zhang Yan)The recovery “will continue at least into next year,” [...]

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Global economy to rise by 2.4% in 2010, but recovery "fragile": UN

December 3, 2009
Global economy to rise by 2.4% in 2010, but recovery "fragile": UN

The United Nations predicted on Wednesday that the world economy would bounce back next year with a global growth rate of 2.4 percent. “We’re not out of the woods yet,” said Rob Vos, Director of Development Policy and Analysis from the Department of Economic and Social Affairs (DESA), ahead of the launch next month of [...]

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Bernanke says Federal Reserve seeks to ensure strong dollar

November 18, 2009
Bernanke says Federal Reserve seeks to ensure strong dollar

Federal Reserve Chairman Ben Bernanke said on Monday that the U.S. central bank will pay attention on the depreciation of the U.S. dollar and help ensure the dollar is strong. Chairman of the Federal Reserve Ben Bernanke speaks during The Economic Club of New York luncheon in New York, November 16, 2009. (Xinhua/Reuters Photo)“We are [...]

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Stimulus package exacts its toll

November 13, 2009
Stimulus package exacts its toll

The government’s stimulus package has come with a cost as inflation has recently been on the rise again. While it has staved off the worst impacts of the global crisis, Vietnam needs to phase out government stimulus, says IMF Senior Resident Representative Benedict Bingham. Thanh Nien: How has the stimulus package contributed to Vietnam’s economic [...]

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G20 agrees to maintain support for global recovery

November 10, 2009
G20 agrees to maintain support for global recovery

G20 policymakers agreed to maintain support for the recovery until it is assured in order to restore the global economy and financial system to health. Though a series of positive signs have shown that global economy is in the recovery process, the G20 policymakers said “while we will continue to provide support for the economy [...]

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Wall Street surges to year highs

November 10, 2009
Wall Street surges to year highs

Wall Street surged on Monday as the Group of 20 (G20) nations agreed to maintain measures to boost economic growth. All the major indexes set new highs of 2009 at the closing. Traders work on the floor of the New York Stock Exchange November 9, 2009. (Xinhua/Reuters Photo)The rally followed the lead of overseas markets, [...]

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EU finance ministers agree on principles of exit strategy

October 2, 2009
EU finance ministers agree on principles of exit strategy

European Union (EU) finance ministers on Thursday agreed on some principles of an exit strategy to phase out their economic stimulus, but left a question mark on when to put it into practice. Sweden’s Finance Minister Anders Borg arrives for the dinner of the G20 Finance Ministers’ meeting at the Guildhall in the City of [...]

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Feature

Vietnam, Cuba foreign ministries to bolster ties

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Vietnam’s top diplomat has affirmed that the Foreign Ministry will closely cooperate with its Cuban counterpart to implement the agreements reached by the two...