Posts Tagged ‘Economics’

Utopia

July 2014ECONOMICS – The United States could soon become a large-scale Spain or Greece, teetering on the edge of financial ruin. That’s according to Donald Trump, who painted a very ugly picture of where this country is headed. Trump made the comments during a recent appearance on Fox News’ “On the Record with Greta Van Susteren.” According to Trump, the United States is no longer a rich country. “When you’re not rich, you have to go out and borrow money. We’re borrowing from the Chinese and others. We’re up to $16 trillion in debt.” He goes on to point out that the downgrade of U.S. debt is inevitable. “We are going up to $16 trillion [in debt] very soon, and it’s going to be a lot higher than that before he gets finished. When you have [debt] in the $21-$22 trillion, you are talking about a downgrade no…

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Occupied Palestine | فلسطين

IMF expects growth in Palestinian economy to slow this year to about 4.25 percent, with little progress expected in cutting unemployment.

Middle East Online | July 3, 2013

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Victims of Israel’s restrictions

WASHINGTON – The International Monetary Fund said Wednesday that Israel’s tight restrictions hinder the growth of the Palestinian private sector, holding back the Palestinian economy.

In a report following a mission to the West Bank and Gaza, the IMF said it expected growth in the Palestinian economy to slow this year to about 4.25 percent, with little progress expected in cutting unemployment from the current 24 percent.

The report said the Palestinians need to build the private sector in an economy dominated by spending by the authorities, mainly the Palestinian Authority, heavily dependent on foreign aid to surmount a chronic deficit.

“Persistent Israeli controls and obstacles on internal movement, exports, and imports in the West Bank, as well…

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