Showing posts with label Economic Index. Show all posts
Showing posts with label Economic Index. Show all posts

Sunday, 6 October 2013

Economic confidence surges down within a week of shutdown

It has not even been a week since the shutdown of the public services in the US, however, it is reported that there has been a drastic decrease in the economic index for the nation.
 After Obamacare was declined by the legislature due to the already high debt of the U.S, there was an economic breakdown of services as the executive and legislature could not come to a reasonable agreement, this meant that many services were closed down. During this period, the economic index has now fallen down to minus 34, 14 lower than the previous week and the lowest since December 2011!
The legislature are adamant that they will not allow Obamacare to go through as it will raise the debt ceiling, however the treasury have already notified that the debt ceiling will need to be raised by October 17th before some bills go back to default.
Do you think the Legislature should allow Obama to pass Obamacare in a bid to get rid of the controversy at hand?

Wednesday, 31 July 2013

BFG (Bust For Greece) meaning help from the BFG's (Big Friendly Giant's)?

Hey Guys. A critical update on Greece here. Has anyone been monitoring the bad economical situation in the past year? It may come as a shock to some, but even though Greece are the 34th largest economy worldwide with a $292 billion nominal GDP, and have EU power, their 2010 government debt crisis dragging up to now, received a further blow.
Economists in the past year, predicted that this financial issue would be rectified in the coming years, however, in the July, the economic index fell from 93.5 to 91.7. Big blow to the future prospects of Greece. What do you think?
Sources claim that the decrease in consumer index has risen from the decline in consumer trust which has an impact mainly on industry. Will Greece need any sort of help from its fellow EU siblings or the US in order to re-instill the prosperity and positive future for itself?
If you have any ideas or opinions, feel free to post them in comments.