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This 2009 Article IV Consultation highlights that the U.S. economy has experienced the worst financial crisis since the Great Depression. In the second half of 2008, financial pressures intensified and came to a head with the failure of Lehman Brothers in September. Executive Directors have...
Persistent link: https://www.econbiz.de/10011244122
to deny access by Singapore-based carriers to the Pacific Route between Australia and the US. It is argued that a … consideration of commercial reasons and the economics of protectionism. The article traces the decision chronologically, and …
Persistent link: https://www.econbiz.de/10010688254
Protectionism played a pivotal role in establishing and nurturing the growth of the Australian passenger motor vehicle … run, protectionism simultaneously led to an inefficient inward looking industry which could not compete against the … viability of motor vehicle production in Australia, but also other sectors of the economy, such as the components sector, that …
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GDP growth is likely to remain strong, although narrowly driven by a mining investment boom, increasing the economy’s vulnerability to terms of trade shocks. Outside the mining sector, growth is expected to be slow with still weak consumer confidence and a strong exchange rate weighing on...
Persistent link: https://www.econbiz.de/10011244092
This 2008 Article IV Consultation highlights that Tunisia’s sound economic policies and pragmatic approach to structural reforms continue to bear fruit, as evidenced by strong growth and improved social indicators. Real GDP growth averaged 5 percent a year while the macroeconomic and...
Persistent link: https://www.econbiz.de/10011244286
Iran's 2005 Article IV Consultation highlights Fourth Five-Year Development Plan (FFYDP) and the Twenty-Year Vision. The country's real GDP growth reached 5½ percent a year on average, unemployment declined, and macroeconomic indicators improved significantly, supported by favorable oil...
Persistent link: https://www.econbiz.de/10011244296
This 2009 Article IV Consultation highlights that economic conditions in the Solomon Islands have weakened in 2009, given the effects of the global recession and a logging sector decline. Real GDP growth is projected at 0.4 percent in 2009, compared with 6.9 percent in 2008. On the positive...
Persistent link: https://www.econbiz.de/10011244490