The International Monetary Fund (IMF) stated that the impact of the global financial crisis will interfere with economic growth for at least the next seven years. The IMF also recommends structural reforms to reduce the damage.
“Typically the banking crisis has long-term impact on the level of economic output, although growth eventually recover. The low employment, [...]
IMF: Impact of crisis felt Seven Years
The weakening U.S. Dollar Raise Oil Prices
Crude oil prices in Asian trade Tuesday on strong to penetrate the $ 70 per barrel. This strengthening of the exchange rate triggered by the weakening U.S. dollar against the euro and a strong currency in Asia.
Price contract, light sweet oil in New York for October 2009 delivery rose 41 cents to as low as [...]
