World Economy – Page 14

The Impact of The Rising Dollar

March 18, 2015April 17, 2017deenazaidiUnited States of America, World EconomyLeave a Reply

The US dollar has been on the rise every day setting high records. With the upward pressure on dollar, stronger dollar could tighten financial conditions across the growth. Further the rising dollar could be offsetting the benefit of low cost oil. Over the past six months, the trade-weighted dollar has risen 25% and faster than anytime the last 40 years. US dollar is a global unit of account in debt contracts and that could be a cause of slow down in the rest of the world. Not only that, if the dollar continues to increase, inflation and US economic could weaken.

The Hits and Misses of Indian Budget 2015

March 3, 2015deenazaidiAsia-Pacific, India, World EconomyLeave a Reply

With India having the world’s second largest population and the maximum number of poor people in the world, the Indian budget 2015 could be a turning point for the poor and the unemployed. While many have supported the budget, others have criticized it for being very ‘pro-corporate’. The Indian Budget has been more or less termed as “stable” in its approach allowing more public spending through emphasis on strategic plans that could modernize India’s infrastructure.

The First Internet-Only Bank in China

January 28, 2015January 22, 2018deenazaidiChinaLeave a Reply

State-owned banks have long dominated banking in China but China wants to do things differently now. The Chinese government wants improve its financial sector by creating more confidence and responsiveness towards private customers. China has lately seen a lot of changes in its banking system, which could see some big changes in Chinese banking sector in 2015.

Greece Exit (GREXIT) – A Boon Or A Bane?

January 24, 2015April 17, 2017deenazaidiEurope, Eurozone Crisis, Financial Crises timeline, InfographicsLeave a Reply

By the end of 2014, Greece owed “troika”(European Central Bank, the International Monetary Fund and the European Commission) €253.3bn. In 2014, many talks were doing the rounds of a possible exit of Greece from the Eurozone. With snap elections in January 2015, Greece is again put on a spot. There is a lot of speculation as to how things could change for Greece in case radical left-wing party Syriza wins. Sunday Elections for Greece could either make or break the future of Greece depending how the elected government handles rising tensions between the troubled nation and its creditors, Eurozone government and IMF.