Readers Question What are your predictions for us/Canadian dollar currency. Do you think they will reach par in 2009 ? Recently the Canadian dollar has been weak against the US dollar. This is because of the plunge in commodity prices which depress Canadian export revenues and decrease value of Canadian Dollar. Despite many problems in …
Joking aside (previous post), this year will prove a very competitive year for getting into university. Because of the recession and rising unemployment, there is increased demand for going to university. Especially amongst mature students, doing a degree is seen as a way to avoid the difficult jobs market – hoping conditions will have improved …
The Chancellor used the Budget speech to cut his growth forecasts. The economy is now expected to contract by 3.5pc this year, but grow 1.25pc in 2010. This would mean growth starting towards the end of this year. The IMF are more pessimistic forecasting negative growth in 2010 of -0.4% (see – slow economic recovery) …
On Saturday morning I was returning to the UK from JFK via American Airlines. For some reason the flight was in chaos. American Airlines had managed to overbook the flight by 37 people. There were 37 angry people who had bought a ticket but not having a seat. The previous night a flight had been …
A recession is a period of negative economic growth. Falling output leads to higher unemployment, and this rise in unemployment causes a negative multiplier effect. e.g. those made unemployed will spend less causing even less demand in the economy. Thus there are many factors which make it difficult to get out of a recession. What …
Readers Question: “Merger activity represents a major force for structural change in competitive markets. Examine the principal objectives underlying such strategic developments and consider the degree of success enjoyed by firms in pursuit of those objectives.” This question is a rather complicated way of saying: Discuss why firms wish to merge. Using examples, discuss whether …
Water is a valuable commodity; with global warming it appears to be even more scarce. A report suggested that British rivers could see an 80% decline in water volumes during the summer months because of global warming and increased demand. With most scarce commodities like electricity and gas, you have to pay depending on how …
The G20 summit held in London is occuring against a backdrop of the worst global downturn since the Great Depression. The OECD warned that GDP for its 30 member countries is likely to fall by a record 4.3 per cent this year, against the 0.4 per cent drop that it forecast last November. The group …