Oil Prices Soar, World Economic Growth Threatened

World Bank and International Monetary Fund (IMF) predicts that world economic growth will slow this year, mainly due to soaring oil prices. World Bank annual report Global Development Finance 2005 estimates, the world economy in 2005 will drop to 3.1 per cent compared to growth in 2004 which reached 3.8 percent. While the IMF has warned that high oil prices will erode global economic growth by 0.25 to 0.50 percent this year. Both institutions provide growth projections before the joint annual meeting in Washington this month and a week before the IMF publishes its World Economic Outlook the second. In its report, the World Bank said last year developing countries experiencing high growth. Strong economic growth last year was also supported from the expansion of rapid growth that occurred in China, India and Russia. But now developing countries are forced to adjust to because it affected the impact of global imbalances, particularly due to deficits in the United States amounted to U.S. $ 666 billion.

According to the World Bank, developing countries last year's average of 6.6 percent growth, which supported the entry of the flow of funds into the region since the financial crisis late in 1990. Private capital flows (net), including debt and capital (equity), to developing countries last year increased to U.S. $ 301.3 billion. "Recovery influx of funds into an important strengthening of economic fundamentals in many countries in the region," said Francois Bourguignon, Chief Economist of the World Bank. "But what happens to the current global financial recovery can be a threat to economic growth."

ADB Raises Asian Growth Projection

Asian Development Bank (ADB) yesterday raised the projected economic growth in 2010 in 14 countries in East Asia. ADB also called on the government to immediately withdraw funds stimulus to work after its launch two years ago. Revised by the institutions in Manila-based lender that covers Southeast Asia, Greater China, and South Korea, where economic growth is estimated to be 8.1 percent, up from an April projection of 7.7%. growth projections following the improvement in growth data from various economic indicators. Most countries in East Asia has recovered and the new economy this year," says Srinivasa Madhur, ADB Senior Director in his presentation in Singapore, yesterday. He said the sustainability of economic recovery will depend on policy and economic stimulus speed can be drawn. He suggested the withdrawal of the stimulus followed by a private role. In a recent ADB report noted, China's economic growth reached 9.6 percent in 2010 and 9.1 percent in 2011. Other countries surveyed by the ADB are Brunei, Cambodia, Hong Kong, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam.

In another part, ADB provide a loan amounting to USD35 million to the Indonesian Government to help rehabilitate and develop sanitation in Indonesia, namely the two cities of Medan and Jogjakarta. The loan is planned to be used to build about 280 communal sanitation facilities in poor areas in the two cities. In addition, the loan will also be used to make waste treatment system for low-cost housing development project in Medan. Sewerage systems in both cities will be able to be rehabilitated and expanded to serve an additional 28 000 households. The project will involve the support of the community in planning, operation and maintenance of public facilities and would involve the women involved in this process

China's Interests in the Forum G 20

China never speaks to the world of exploitation of the riches of Tibet, such as gold, silver, copper, iron, aluminum, calcium, oil, precious stones, wool, timber, uranium and more. According to our calculations, as Beijing has spent on the development of Tibet is not even a small percentage of what was taken away. Above all, we should ask those who have received benefits from the development of the Tibetan region. The standard of living of the majority of the indigenous population has not improved, in many cases worsened. The percentage of literacy, employment, health and economic welfare of the Tibetan population is much lower than new immigrants, especially ethnic Han Chinese. The dramatic demographic change which has made Tibetans a tiny minority in their own land was made possible by the said economic development and infrastructure.

Nevertheless, I have great confidence for the future of Tibet. I only say that the G-20 summit leaders will discuss trade and economic rather than human rights and civil liberties. But overall, there is a huge upswing in attention to the issue of human rights in the world, and we are confident.

China is a communist country and who suffers most is the working class. Nowhere in the world are exploited as workers in China. A recent book by a Chinese economist has compared the wages and rights of Chinese workers with other countries. It 'showed that the Chinese workers are paid less than private wages, working hours with up to 12 hours daily for 7 days a week, without sanitation, unhealthy working environments. Only through this exploitation China can compete in the global market and this is known throughout the world. But few have the courage to raise the issue and request changes. The Chinese people are our brothers and sisters. At this time the population of China and Tibet that are united in seeking a solution to the problems of human rights and personal dignity.

Tibet issued on G 20 Forum

Several pro-Tibet groups and about 133 MPs elected in 30 different parliaments of the world have sent a letter to Canadian Prime Minister Stepehen Harper, who now hosts the Toronto meeting of the leaders of the 20 largest industrialized nations, which also involved the Chinese president.

Matthew Mecacci, president of the International Parliamentary Group for Tibet, called "essential that the leaders of the G-20 to convince China that it is necessary to resume negotiations with representatives of Tibet." Beijing had opened talks with Tibet following the international outcry for the suppression in the country in March 2008 for fear of a boycott of the Beijing Olympics in August 2008. But the Olympics finished, closed the box with nothing done and he did not want to reopen.

Professor Samdhong Rinpoche, Prime Minister (Kalon Tripa) of the Tibetan government in exile, spoke on the matter. The meeting of G-20 says Rinpoche - has financial purposes and on such occasions to human rights and civil liberties is not given much attention at this time. It 'sad that in the 21st century human rights and dignity are not regarded as relevant and part of humanity suffers from oppression and exploitation by totalitarian regimes. But this is now reality, the focus is placed primarily on economics and trade, was reluctant to raise issues that are uncomfortable and can not assist their economic interests.

German Expectation In G 20 Forum

This particular form of perceived consensus on only one side is already complicated enough, now come from a German perspective also fundamental concerns with the game. "There is a Pacific president came into office," sigh transatlanticist the Foreign Office. Say, a president who has more relations to Asia in view as the functioning of the American-European axis.

As this axis is broken, is still at the two peaks are more prominent, because China has slipped in an elegant way out of the box shot. Some weeks ago it had looked as would the meeting of a violent feud marked currency. The U.S. and others have accused Beijing to keep the yuan from its tight binding to the dollar at artificially low and thus to gain an export advantage. By the Chinese renounced the bond, tactical sent shortly before Toronto, they avoid being labeled a scapegoat. Everything now revolves around the controversy between Americans and Europeans.

Issued on G 20 Meeting

The relationship between the Chancellor and the U.S. president is traditionally difficult today at G-8 meeting and tomorrow's G-20 meeting in Canada are different beliefs add the necessary policies in the decaying economic crisis.

More about, On Friday, first come the leaders of the G-8 in the Canadian Huntsville together. Saturday will start the two-day G-20 summit in Toronto. Here is an overview of the handlebars of selected countries, whose situations and positions. The participants of the G-20 summit in Toronto

They are simply not warm to each other, the German chancellor and U.S. President. Even at today's G-8 Summit and in tomorrow's G-20 meeting in Canada she will be back trying to visually demonstrative shoulder to shoulder. But in their ideas about the right way out of the crisis, Angela Merkel and Barack Obama are even more opposed.

become attractively conspicuous is immediately before the start of the summit in style, like the nearly 20-minute telephone conversation between Merkel and Obama is presented to resolve the last issues on both sides. Obama was asked in the interview Merkel to encourage the growth of global forces continue to report to U.S. government sources, the American Media. Contrast, German government circles warrant to German media, it was very different. There was no such urging Obama. Rather, it is "basically been on a differential exit from the crisis measures agreed.

Meeting of G20 Finance Ministers on April 23 in Washington

A meeting of finance ministers of the Group of G20 rich and emerging to be held April 23 in Washington, said Monday the website of the International Monetary Fund. Ministers are to meet at IMF headquarters on the eve of the beginning of spring meetings of the Fund and the World Bank, 24 and 25 April.

A briefing is scheduled on that Friday at 5:20 p.m. (9:20 p.m. GMT/23h20 HEC) with Korean Minister Yoon Jeung-hyun and Canadian Minister Jim Flaherty said the program issued by the IMF. These two men represent the two countries co-chairing the G20 this year. The IMF does not mention a possible meeting of ministers of the G7, as it generally holds meetings on the sidelines of the IMF and World Bank.

Canada will host in June the G8 and G20, and Korea in November.

The G7 comprises four European countries (Germany, France, Great Britain and Italy), Canada, the United States, and Japan. The G8 added Russia. The G20 includes the G8 and other economies among the largest in the world (South Africa, Saudi Arabia, Argentina, Australia, Brazil, China, South Korea, India, Indonesia, Mexico and Turkey) and the European Union .

Greek Budget Policy

In January 2009, the Ministry of Economy and Finance published the revised stability program. To the budget deficit, the government has made various proposals. These include reducing the number of officials and include reducing travel by officials.

From 2004 to 2007 while the Greek budget deficit below 3 percent. In February 2009, the European Commission presented a proposal to Greece under the excessive deficit procedure by the EU to drop. Eurostat noted that in 2007 the deficit is in reality above the 3 percent and that in 2008 the limit was exceeded. Eurostat is expected for 2009 and 2010 re deficits of 3.7 percent and 4.2 percent.

Under the Stability and Growth Programme, the ratio of debt to GDP and more than 60 percent. The forecast for Greece in 2008 is 94.1 percent. The Greek government has announced a number of incentives to implement. These include increased benefits for pensioners below the minimum, aid for farmers and housing subsidies for lower income earners.

Result Of G20 Summit in London

The G20 pledged to raise 1,000 billion resources of the International Monetary Fund (IMF) and World Bank. According to the final communique, the leaders of both institutions will now be appointed on merit. In practice, the IMF will include tripling its capacity, with 500 billion dollars, said Gordon Brown during a press conference. These funds will consist of "new money" and by special drawing rights (SDRs) of IMF. The Fund will also be able to sell gold to finance assistance to the poorest countries. And 250 billion dollars earmarked to help finance trade to revive world trade.

* A blacklist of tax havens

"Time banking secrecy is over", has congratulated Nicolas Sarkozy during his press conference after the summit. The principle of a blacklist of countries tax non-cooperative effect has been endorsed by the G20. The OECD should publish in the coming hours the list of states that do not comply with global rules for the exchange of tax information.

Gross Domestic Product vs Real Nominal

What happens to the gross domestic product if the price of bread rises from $ 10 to $ 12? Suppose that the amount produced was constant, and that bread is the only product of the economy. The product uses nominal prices of each year, then reflect an increase in gross domestic product of 20%. But the amount of bread is the same! To solve this problem using the real gross domestic product. The real gross domestic product uses the