In China, economic growth rate drops for the third quarter in succession and there are fears that the economy may see an intense downturn in the coming days.

According to the National Bureau of Statistics, during the 3rd Q the economy grew at a rate of 9% that was 10.1% down compared to previous quarter.

Li Xiaochao, a spokesman from the National Bureau of Statistics, says in this connection, “The government wasn’t expecting such an intense impact of the global financial crisis.”

…read the rest of this entry»

During July a considerable surge was noticed in wholesale inflation that left the increasing prices at the fastest pace in almost thirty years. After that recent drop in oil and other commodity prices, there are hopes that inflation may be bridled, but some economists believe that it will take some more time to ease that pressure on Wall Street after the widespread nature of the July price surge.

According to the Labor Department report, there was 1.2 percent increase in wholesale prices during July and the rising costs for energy and other materials were the basic factors behind surge.

…read the rest of this entry»

PARIS (AFP): The fall down of the sub-prime mortgage market place in the United States and the following international economic recession has forced the sharpest decline in the world stock markets since the end of the Internet fizz in 2001-2002.

During the last year, forthcoming indices have lost by 12 to 25 % of their value.

The prevailing drop has been in Tokyo, 23.6 %, subsequent to Paris, 20.7 %, the Dow Jones Industrial Average in New York, 14.8 %, the US Standard and Poor’s 500 index, 13.6 %, Frankfurt, 12.2 %, and London, 12.1 %.

…read the rest of this entry»

Declining-economy

One of the realistic aspects of the modern day economy is the mounting inflationary rate and economic recession which is leading the world into depression as millions of people in the World are severely protesting against the regime of the United States why the prices of oil and gasoline are increasing and causing an ample influence on the overall economic-structure of the U.S.  This is all just because high oil and gasoline prices are also approved by the economists of the European countries.

Historic oil increase agonizing truckers

As the oil prices reached at $140 per barrel, the truckers get agitated and fell-down in a desperate way where they couldn’t do any thing special regarding the feasibility of their transportability just due to the consequences of highly-profiling inflationary cycles.

…read the rest of this entry»

As oil reached at $139.54 per barrel two weeks before has impacted greatly on the U.S economic structure. Today, million of the United States civilians are deadly worried while seeing at the hovering oil and gasoline prices rates.

The economic is going on under the recessionary and inflationary cycle which is being carried on since the oil and gasoline prices have been raised in the U.S. The majority of the people in the United States are agitating so much against the policies of the President Bush regime, while Bush says no matter, because the U.S is the solo and dominant country in the world, ruling upon all over the world.

Asian economic market is also declining these days due to high oil prices in the U.S and all over the Euro around. These effected countries are India, Afghanistan, Indonesia, Sri Lanka, Pakistan, etc moving along with economic-recession.

…read the rest of this entry»

The analysts gave the prediction that oil prices might cruise of about $200 per barrel within next 18 months. This led towards a major worry to the people of the U.S.

As the oil prices reached at $139.54 during the last two weeks in the United States, the agitation and angriness of the people could observed by seeing their faces and mouth of callings upon the regime of the United States to keep control on the high oil price and mounting inflationary rates of any of the commodities for the human survival.

The impact of economic recession is not only moving on in the United States and European countries but also in the Asian regions. The most effected and inflationary countries of the Asia these days are India, Indonesia, Bangladesh, Pakistan, Sri Lanka and Afghanistan, etc.

…read the rest of this entry»