Posts Tagged ‘economy’
Portuguese Prime Minister Jose Socrates has been committed to other European countries to slash its budget deficit was lower in this year to 7.3 percent from bruoto domestic product (GDP).
Socrates told European Union leaders meeting in Brussels on Friday that the government will postpone plans for certain public works. That allows the deficit to be cut bigger than planned. Previously the Portuguese government has planned to reduce the budget deficit to 8.3 percent of GDP this year. Previously, even the budget deficit amounted to 9.4 percent in 2009.
“Portugal made a commitment to reduce the budget deficit even larger at the meeting of the European Union,” said a source who knows these things, as quoted from Reuters, Monday (10/05/2010). Read the rest of this entry »
Recovery of the U.S. economy (the U.S.) began to strengthen. Ministry of Commerce, said first-quarter 2010 gross domestic product (GDP) grew 3.2 percent or higher compared to the same period in 2009 (year on year / yoy), which recorded 6.4 per cent contraction. U.S. President Barack Obama declared economic conditions much better than last year. Recent data successfully boosted confidence that a solid recovery occurs.
“The economy which last year lost a lot of workers are now starting to successfully create jobs. We started walking forward. Our economy is stronger,” Obama said at the weekend.
The U.S. government previously forecast growth below 3.2 percent, but economic expansion occurred for three consecutive quarters. American society began to shop more. This is further evidence that countries with the largest economy in the world started in the recovery phase from the worst crisis since the 1930s. Read the rest of this entry »
Before you begin investing you should have listened to what should be done and should not be done.
These things should be done:
1. Know yourself and your risk profile.
Are you are a conservative, moderate, or aggressive?
2. Determine the purpose and period of investment.
Is protecting wealth or increasing the wealth? Did the short, medium, or long?
3. Know and locate the information as much as possible.
If you use an investment manager, find out the history and track record (track record) companies. Read the rest of this entry »