World Economy Review

Essay specific features

 

Issue:

Business

 

Written by:

Jess M

 

Date added:

January 16, 2012

 

Level:

University

 

Grade:

B

 

No of pages / words:

4 / 1043

 

Was viewed:

5122 times

 

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Essay content:

That alone could drag Western economies’ growth rates down by 1.5 percentage points. Without government action along the lines of America’s $700 billion plan, the IMF reckons credit could shrink by 7.3% in America, 6.3% in Britain and 4.5% in the rest of Europe.. That will cushion the world economy but may not save it from recession...
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That will cushion the world economy but may not save it from recession. Reasons for unwelcomed recession 1. Oil prices 2. Tighter credit The author says that history teaches an important lesson: that big banking crises are ultimately solved by throwing in large dollops of public money and that early and decisive government action, whether to recapitalize banks or take on troubled debts, can minimize the cost to the taxpayer and the damage to the economy...
displayed 300 characters

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