Friday, September 9, 2011

Complex challenge facing world economy

MARSEILLE, France - G7 rich nations vowed tough measures Friday to get the global economy back on track but were short on detail and admitted the problems were so complex that a unified response was impossible.
http://www.channelnewsasia.com/stories/afp_world_business/view/1152211/1/.html

Conclusion - the world has to go through a very hard time. The US is trying a new stimulus package, but the American Jobs Act may not get the support of divided Congress. The European countries are not implementing any stimulus package.