The price of oil is now about a quarter of what it was only a few months ago, and economic problems are building within Russia. Investors are gone; the stock market barely exists. After nine years of surpluses, Russia will have a budget deficit in 2009, and the solid economic growth of recent years may [...]
1913 Intel
Your world at risk. How the impossible becomes the inevitable.
For Russia, A Dark Horizon
Posted by Matt in January 3rd, 2009 | no comment
Published in Economy, Russia, Budget Deficit, Company Towns, Contraction, Dark Horizon, Economic Growth, Economic Problems, Geographic Mobility, Housing Market, Investors, Limited, New Jobs, Nine Years, Price Of Oil, Russia, Social Infrastructure, Stock Market, Surpluses, Unemployment, Vacations
Fire dies under China’s once booming manufacturing industry
Posted by Matt in January 3rd, 2009 | no comment
Published in China, Economy, Brink, China Industry, China Manufacturing, Driving Force, Economic Growth, Factories, Global Financial Crisis, Manufacturing Industry, Manufacturing Sector, Order Books, Pmi, Recession, Vulnerability
China’s vast manufacturing sector, the driving force behind the country’s celebrated economic growth story, is on the brink of technical recession as order books run dry and once humming factories fall silent.
Over the past 12 weeks the manufacturing purchasing mangers’ index (PMI) has painted a far more rapidly worsening picture than anyone predicted and now [...]
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