Jun 04 2008
Welker’s daily links 06/03/2008
Published by Jason Welker at 12:30 am under Daily Links
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Fitch: China’s economy to weather through quake – People’s Daily Online
“The international rating agency, Fitch, believes that neither this year’s heavy snow nor strong earthquake will have much of a negative impact on China’s economy…”
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Bernanke: Gloomy on growth – Jun. 3, 2008
“[H]ouseholds continue to face significant headwinds, including falling house prices, a softer job market, tighter credit, and higher energy prices, and consumer sentiment has declined sharply since the fall,” said Bernanke, addressing the International Monetary Conference in Barcelona via satellite.
At the same time, Bernanke said that some of the more troubled aspects of the economy are starting to show signs of stability. He said the battered financial markets had “improved of late but conditions remained strained.” He also said the pressures on the U.S. economy are being softened somewhat by foreign demand for U.S. goods and services.
“We may see somewhat better economic conditions during the second half of 2008, reflecting the effects of monetary and fiscal stimulus,” he said.
About the author: Jason Welker teaches International Baccalaureate and Advanced Placement Economics at Zurich International School in Switzerland. In addition to publishing various online resources for economics students and teachers, Jason developed the online version of the Economics course for the IB and is has authored two Economics textbooks: Pearson Baccalaureate’s Economics for the IB Diploma and REA’s AP Macroeconomics Crash Course.
Jason is a native of the Pacific Northwest of the United States, and is a passionate adventurer, who considers himself a skier / mountain biker who teaches Economics in his free time. He and his wife keep a ski chalet in the mountains of Northern Idaho, which now that they live in the Swiss Alps gets far too little use. Read more posts by this authorRelated posts:
