PHIL

EDITORIAL : ABOUT THE ECONOMY & THE RECOVERY ( IF ANY ? ).

The recovery seems to be holding up in the world’s advanced economies, but the outlook is still a major concern due to stalling world trade and worsening financial markets in emerging countries.

GDP growth slowed in the second quarter of 2015 among G7 countries, slightly down from 0.5% in the previous quarter. Inflation was stable at 0.6% in the year to August 2015.

Energy prices fell by 9.5% in the same period.

The unemployment rate in the euro area remained stable at 11.1% and at 6.9% in the OECD area i.e some 42.2 million people were out of work in May 2015.

Investment has been hit hard by the crisis.

At www.conversationprivee.com / www.off-the-recordmessaging.com, we believe that it is  still vital to address the legacies of the crisis, with a strong focus on identifying new policy initiatives to meet the challenges of our time.