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The International Monetary Fund on US Fiscal Policy:

ElderThinker | ElderThink

01.13.10

 

John Lipsky, First Deputy Managing Director of the IMF tells us that the US has a near-term window of opportunity for policy adjustment.

 

He explains that U.S. low interest rates are keeping public debt service payments below the GDP. So as the economy gains momentum, this position will help to lower the deficit.

 

It is important to note that the U.S. accounts for a quarter of the global economy. According to Dr. Lipsky, the world looks to the U.S. to stimulate economic recovery through entrepreneurial acitivities and sound fiscal policies.

 

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Global Economic Indicators

 

Breaking News From The World Bank

Gretchen Heuring | ElderThink | 01.13.10

 

Retirees are effected tremendously by economic condition. When the situation is dire, one of the first places open to change is our retirement income from social security and medicare. In addition, the value of any savings or pension we may have is dependent on a healthy economy. A significant downturn in the economy can injure our financial resources with little hope of finding employment to repair the damage.

 

The world economy is an important indicator of our own financial prosperity. The World Bank has announced a new report on Global Economic Prospects.

 

In quick summary, the report tells us that in most developing countries, GDP has regained levels that would have prevailed had there been no boom-bust cycle.

 

While steady growth is projected through 2012, the recovery in several economies in emerging Europe and Central Asia and in some high-income countries is tentative. Withouth corrective domestic policies, high household debt and unemployement, and weak housing and banking sectors are likely to mute the recovery.

 

Worldwide Entrepreneurial Activity

Entrepreneurial activity, always a hallmark of growth and development, is monitored globally by the World Bank

 

In the past five years, about 85 percent of the world's economies have made it easier for local entrepreneurs to operte, through 1,511 improvements to business regulation. Doing Business 2011 pioneers a new mesure showing how much business regulation has changed in 174 economies since 2005. China and India are among the top most-improved economies.

 

Doing Business in 2011 - The World Bank

A video about Changes in WorldWide Entrepreneurial Activity