Weekly Postcards
France New
On January 7, France President Nicholas Sarkozy stunned the Internet world when he proposed an initiative known as the “Google Tax.” His idea? To tax online advertizing revenues from firms like Google, Yahoo, AOL, Facebook, and Yahoo! among others. It is an idea that evoked surprise, indignation, and scorn in the blogging sphere.
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Global Overview
Policy reversals increase risk of slower growth New
While economic indicators continue to gain strength, some of the recent policy changes in major economies have increased the risk of a growth slowdown. The timing of stimulus roll-backs will be decisive for the global economic outlook in the second half of this year.
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Monthly Economic Reviews
Asia Pacific New
In a new study commissioned by the Asian Development Bank (ADB), it was pointed out that although Southeast Asian economies are shown to be recovering faster from the global recession, policy makers should continue to be vigilant in monitoring the recovery.
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Middle East New
South Africa is on a path of recovery with decline in manufacturing slowing. Israel too continued to display strong signs of revival with the second consecutive rate hike. Egypt on the other hand is proposing a third stimulus package to boost its economy while Morocco is expected to grow at a slower pace than last year.
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Country Profiles
Netherlands Updated
As the global financial crisis took the world economy by storm, its repercussions dealt a blow to the Netherlands economy as well, which has strong trade and financial linkages with the global economy.
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