Tuesday, November 23, 2010

Economy

After chosing my theme, I realized how difficult is to understand some news about Economy. You will see what I'm talking about. The challenge for this week is to take a look in some news websites and to select 3 related news. So I chose one about crisis and the other two about growth/development. Here we go:

The first one is from THE GUARDIAN, and it's about the Euro crisis.
This article tells us how a country can transform other, I mean, how one can carry down another.
It says: "In a day of turbulence in the currency markets when the euro plunged more than two cents against the dollar and share prices fell heavily in Europe and North America, expectations mounted that Portugal would quickly follow Ireland in calling in the International Monetary Fund and the European Union."

The second has a link with this one I just talked about. Both of them tells a relation between the countries and the IMF. This article is about the increasing on Greece Economy.
What we know is that Greece was in a deep crisis, but, as the news explain, even though is small, there's a hope for growth. "The IMF predicted Greece's economy will begin turning around in 2011. Wage and price inflation are beginning to moderate, 'setting the state for improvements in competitiveness' it says."

The last is a article from San Fransico Chronicle and it's about a expansion economy even with a high unemployment rate in U.S.
In a paragraph it says: "Growth will strengthen over the next three years, but not enough to bring unemployment back down to more normal levels of around 5.5 percent to 6 percent, according to the Fed's forecasts. At best, the Fed projects 3.6 percent growth in 2011, and 4.5 percent growth in 2012 and 2013."

The best article, in my opinion, is the third one, because it didn't get away from the main point. It is where the others sin. There's a long text for each one, I got tired reading them. And they have almost the same focus, the difference is that they don't refer to the same country. What I want to say is that we could do only one text, clearer and objective.

For now, this is it.
See ya, Xoxo

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