Tuesday, March 17, 2009

Some more great news from around the world

The Japanese central bank will buy more government bonds from banks to boost lending and get funds flowing again in the recession-stoked economy. The central bank said the government bond purchases were aimed at easing a credit crunch in Japan, as the economy fights its worst recession since 1974.

The world bank has cut down Chinas GDP forecast with 1% and at the same time comes reports of foreign investments in China going way down. In India predictions of GDP is down 1,5%.

The Venezuelan dictator (that gets fatter for every time you see him) is now going to centralize power held by regional leaders. And a new law would further reinforce his ability to intervene in state affairs.

No comments:

Post a Comment