• 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…”

  tags: economics, China, earthquake, economy

• 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.

  tags: economics, recession, monetary policy

About the author: Jason Welker is a teacher at Zurich International School in Switzerland, where he teaches Advanced Placement and International Baccalaureate Economics. Jason was an international school student in Malaysia before studying economics at Seattle University then earning his Masters in Education. He calls Seattle and Northern Idaho home. In addition to maintaining an economics wiki and this blog for economics student and educators, Jason also gives presentations on using Web 2.0 tools in education at workshops and conferences around the world. His economics wiki won the 2007 "Best Educational Wiki" award from the "EduBlog Awards".

Trackback URI | Comments RSS