Wednesday, May 7, 2014

GLOBAL RECESSION HAS BEEN ON THE TREND TOWARD RECOVERY WITH EITHER MINIMAL, OR PROFOUND REBOUND RATES OF BOTH THE STRUGGLING, OR DOMINANT FINANCE INSTITUTIONS AND ECONOMIES OF THIS WORLD.

GLOBAL RECESSION HAS BEEN ON THE TREND TOWARD RECOVERY WITH EITHER MINIMAL, OR PROFOUND REBOUND RATES OF BOTH THE STRUGGLING, OR DOMINANT FINANCE INSTITUTIONS AND ECONOMIES IN THIS WORLD.

      Global recession has been on the trend toward recovery, although attributes of recovery may have remained unknown both the major and struggling World's finance institutions, financial markets and economies have profoundly rebounded at the rates measured at zero point five percent (0.5%) to one point five percent (1.5%) respectively. The USA, Canada, Australia, European Union countries, Russia, China, Japan, the Middle East, the Arab World and few African countries have been on the up-trend of the World's financial and economic recovery, despite the current disputed political reforms for Democracy and citizens freedom in may parts of the World that resulted either in civil disobedience, strike, demonstration, or armed conflicts in few parts of this World. The USA has attributed its financial recovery and minimal economic growth to the recent rebound in the heavy industrial sector, the automotive vehicles industry and Monetary policy adjustment, while the European Union countries have pointed at the unified European Union finance and bank system reform intended to upgrade European Union struggling finance Institutions  and weak economies to acceptable credit lines and efficient production capacity by thorough implementation of the European Union Austerity Measures that have caused widerange political unrest, civil disobedience and short term finance and economic difficulties in few Eurozone countries.

                                                  Written by Professor Godfrey Ohia.

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