10 Countries, 10 Solutions
by David GoldmanTuesday, March 31, 2009provided by
A financial crisis has engulfed countries from the best-off to the worst-off around the world. The solutions to the problem are varied.
United States
Source: US Department of Labor
GDP -1.6% Inflation 0.2% Unemployment 8.1% Markets -10.7% Gallon of gas $1.99 Interest Rates 0% to 0.25%
Challenges: Home prices have plummeted since the summer of 2007, devaluing many of banks' holdings that were backed by mortgages. To prevent further losses, banks largely stopped lending. The economic downturn that ensued led the economy to shed 4.4 million jobs in the past 14 months.
Solutions: The government flooded the frozen financial system with trillions of dollars of unprecedented liquidity programs, including a $700 billion bank bailout. After a $168 billion stimulus package unveiled in February 2008, the Obama administration produced another $787 billion stimulus plan in February 2009.
Brazil
Courtesy: Presidencia.gov.br
Brazilian President Luiz Inacio Lula da Silva recently boosted the nation's stimulus plan.
GDP 1.8%Inflation 5.9%Unemployment 8.2%Markets 6.9%Gallon of gas $4.17Interest Rates 11.25%Challenges: Sinking crude prices have dealt a tremendous blow to this oil-driven economy. Falling global demand for oil and manufactured goods have driven up unemployment, and in January, Brazil experienced a trade gap deficit for the first time in eight years. Many economists say the largest Latin American economy is in a recession.Solutions: President Luiz Inacio Lula da Silva's administration boosted an existing government infrastructure plan, called the Accelerated Growth Program, by about $62 billion to $280 billion in February. The central bank has also orchestrated increased lending programs to banks, lower interest rates and currency swaps with the U.S. Federal Reserve.
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by David GoldmanTuesday, March 31, 2009provided by
A financial crisis has engulfed countries from the best-off to the worst-off around the world. The solutions to the problem are varied.
United States
Source: US Department of Labor
GDP -1.6% Inflation 0.2% Unemployment 8.1% Markets -10.7% Gallon of gas $1.99 Interest Rates 0% to 0.25%
Challenges: Home prices have plummeted since the summer of 2007, devaluing many of banks' holdings that were backed by mortgages. To prevent further losses, banks largely stopped lending. The economic downturn that ensued led the economy to shed 4.4 million jobs in the past 14 months.
Solutions: The government flooded the frozen financial system with trillions of dollars of unprecedented liquidity programs, including a $700 billion bank bailout. After a $168 billion stimulus package unveiled in February 2008, the Obama administration produced another $787 billion stimulus plan in February 2009.
Brazil
Courtesy: Presidencia.gov.br
Brazilian President Luiz Inacio Lula da Silva recently boosted the nation's stimulus plan.
GDP 1.8%Inflation 5.9%Unemployment 8.2%Markets 6.9%Gallon of gas $4.17Interest Rates 11.25%Challenges: Sinking crude prices have dealt a tremendous blow to this oil-driven economy. Falling global demand for oil and manufactured goods have driven up unemployment, and in January, Brazil experienced a trade gap deficit for the first time in eight years. Many economists say the largest Latin American economy is in a recession.Solutions: President Luiz Inacio Lula da Silva's administration boosted an existing government infrastructure plan, called the Accelerated Growth Program, by about $62 billion to $280 billion in February. The central bank has also orchestrated increased lending programs to banks, lower interest rates and currency swaps with the U.S. Federal Reserve.
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E' por isso que eu digo que se aqui esta ruim no brasil esta muito pior. A crise que estamos vivendo hoje aqui e' a mesma que o Brasil vive ha anos mas, que nao sente porque ja se acostumou. Claro que agora esta muito pior mas, nada comparado com o que vivemos aqui. O que sao 8.1% de desempregados? O brasil vive isso desde que me entendo por gente... claro que nao estou dizendo que isso e' uma coisa positiva mas, gracas a Deus o nosso Obama esta segurando as "redias" dessa economia e conseguira amancar esse "boi bravo".
E o abençoado do Lula ainda diz que o que passamos por aqui é uma 'marolinha'.
ReplyDeleteMarolinha nada. Está mais para vendaval! E como vc disse, desde que eu me conheço por gente é assim...
Só Deus na causa, né!
Um graaaande beijooooo!!!!