This would be the year when the global economy finally regained its vigor. At least that’s what many had hoped. It didn’t happen.
Category: Top stories: Global
Jamaica, DR most vulnerable to US fiscal cliff
Jamaica, DR most vulnerable to US fiscal cliffÂ
FITCH Ratings expects the US will avoid a fiscal cliff that would see some US$600 million of tax increases and spending cuts materialise.
The Fiscal Cliff Explained
NYTimes – The term refers to more than $500 billion in tax increases and across-the-board spending cuts scheduled to take effect after Jan. 1 — for fiscal year 2013 alone — unless Mr. Obama and Republicans reach an alternative deficit-reduction deal.
On your marks, get set…oh
THE world is used to trailing behind Jamaican sprinters. The small island has won a string of world records, and may claim more at the 2012 Olympics. Its economy, however, is not so speedy: on current forecasts it will finish the year with the slowest average growth rate since 2000 in the Americas—behind even earthquake-stricken Haiti.