Reading List: Portugal’s pain (video edition)

2nd April 2012

 

Portugal's pain

Despite receiving praise from the EC, IMF and ECB for its progress in introducing austerity measures, this report says that it's no comfort to the people of Portugal. With the economy forecast to shrink 3.3 per cent this year and an unemployment rate of 14 per cent, some economists are warning that the country's slump could continue for years to come. Euro news

 

Will the expansion of China's economy last?

Lending-backed consumption has kept the Chinese economy growing year on year by 9 per cent or more. However, "the trouble with relying on all this construction to grow your economy is that every year you have to build more and more just to stand still." BBC

 

Economy: Europe vs. GOP version of Europe

The state of the European economy has become something of an issue in GOP presidential campaign, but how bad things are over there? Correspondent Allen Pizzey goes to Europe to find out. CBS

 

Economist on the Street: OECD and BRICS

Meridian Equity Partners' Stephen Guilfoyle says the set-up of a ‘BRICS Bank' would be a ‘really big deal' because it could be countries like Russia and China – who have shown an aversion to the US dollar, trying to start something that gets around the US currency. NYFP

 

O'Neill Says US Will `Continue to Surprise'

Two prominent economists, Jim O'Neil and Nouriel Roubini, discuss the European debt crisis, oil prices and how the US economy could be a ‘surprise' driver of global growth in the first few quarters of 2012. Bloomberg

 

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