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World economy


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Photo Paul Mattsson

Photo Paul Mattsson

28 September 2011

World economy in meltdown - we won't pay for capitalist crisis

In a recent address to the Canadian parliament, David Cameron bluntly said: "Growth in Europe is stalled. Growth in America has stalled. The effects of the Japanese earthquake, high oil and food prices have created a drag on growth. We're not quite staring down the barrel, but the pattern is clear".

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31 August 2011

New phase in the great recession

Capitalist strategists are filled with gloom at the prospect of a new economic downturn. Fear of recession in the US, its credit rating downgrade and political dysfunction, not to mention the ongoing eurozone. Lynn Walsh reports.

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17 August 2011

World economy: Capitalists unable to stop the turmoil

Capitalists unable to stop the turmoil: As their system continues to slide further into its worst crisis since the 1930s, the frantic efforts of world capitalist leaders to reverse the process are farcical, contradictory and ineffective, writes Clare Doyle

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18 May 2011

World Economy

5) The chorus of capitalist commentators to the effect that capitalism is on a recovery road to promised 'sunny economic uplands' is bogus...

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20 October 2010

World economy heading for 'double-dip' recession

THE WORLD economy grew by only 2.8% in 2008 and shrank, for the first time for over 65 years, by 0.6% in 2009, while the economies of the advanced capitalist countries shrank by 3.2% on average, writes Per-Åke Westerlund, Rättvisepartiet Socialisterna (CWI in Sweden).

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16 December 2009

Where is the world economy going?

Is the worst post-war economic downturn coming to an end? Are the green shoots of recovery really visible, as many politician would have us believe? Opinion is divided, with some commentators counting...

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19 March 2008

Global economic crisis

Dow Jones falls amid turbulence, 19 march 2008

Dow Jones falls amid turbulence

AMERICA IS in recession and news of deepening financial disaster comes thick and fast. Bear Stearns, America's fifth largest investment bank, suddenly collapsed, writes Judy Beishon

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14 November 2007

Editorial: Shattering confidence in world economy

Earlier this year, capitalist leaders were boasting of record growth in the world economy, around 5% a year for over five years...

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28 June 2007

World economy grows but workers lose out

IN 2006 the world economy grew by 5.4%. That annual rate is comparable with growth in the years of the post-war economic upswing of the 1960s. The ability...

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22 February 2006

Trade wars and protectionism

THE FAILURE of the capitalist powers at the recent WTO (World Trade Organisation) talks in Hong Kong to further 'liberalise' world trade reflects the growing difficulties and contradictions inherent in the world economy...

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22 May 2004

New shocks cast cloud over world economy recovery

THE RECOVERY in the world economy continues to assume an anaemic character. While most attention is currently fixed on the debacle in Iraq, serious commentators fret that accumulated economic imbalances could yet derail the fragile and contradictory...

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28 February 2004

World Currencies - Turbulent Times Ahead?

ECONOMISTS WORLDWIDE are grasping at any sign of a revival in the US and world capitalist economies...

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18 October 2003

World economy: Will There Be A Recovery?

CAN US capitalism pull the world economy out of its present stagnation? Japan has been stuck at near-zero growth for over ten years...

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14 March 2003

World economy: Is War Good For Business?

FINANCE MINISTERS from the seven largest economies in the world met recently to debate how to revive the sick world economy. However, there was little agreement on how to revive the patient, writes Kevin Parslow.

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9 November 2001

World Economy: Deepest Downturn Since The 1930s?

THE USA's economy is contracting in its worst industrial crisis since 1945. In the three months ending in September its gross domestic product (GDP) was shrinking at a 0.4% annual rate while consumer...

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7 September 2001

World Economy: The Panic Spreads

A RECENT Economist special report on the world economy, 25 August, sums up the panic now gripping the capitalists internationally...

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10 August 2001

World Economy: Here comes the slump

The Bank of England's fourth cut in interest rates this year was prompted by government figures showing manufacturing in sharp decline, with 35,000 jobs lost in the last week alone...

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