Word: economist
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...planned 509 ft (155-m) tower around the corner from Leadenhall Building; it too was originally planned for completion in 2011. "It seems an increasingly large percentage of that pipeline [of new developments] won't be built, or at least will be delayed," says Kelvin Davidson, a property economist at Capital Economics in London. "It's classic economics: weak demand and rising supply. There's only one way rents...
...slowing sharply. Manufacturing contracted in July for the first time since at least 2005, according to China's Purchasing Managers' Index, resulting in reduced hiring by the sector. Meanwhile, a 50% drop in China's stock markets from their peak last October is creating a reverse wealth effect, some economists believe, leading both consumers and companies to be more cautious about their outlays. Tao Wang, an economist with Bank of America in Beijing, says China's GDP growth will slow to 10% this year, down from 11.4% in 2007, and could drop...
...middle class come of age, universities are being blitzed with new students. In fields such as engineering and economics, there simply aren't enough high-caliber teachers to go around. "China lacks the educational infrastructure to keep pace with the frantic demand for education," says Tang Min, chief China economist at the Asian Development Bank. A human-resources executive who helped produce a report on the subject for the American Chamber of Commerce in China puts it more bluntly: "the vast majority of [Chinese] kids go to second- or third-rate schools - diploma mills - and are just unprepared to enter...
...much for that theory. The proper question to ask now of Putin's Russia is the one framed perfectly by journalist Edward Lucas, Central Europe correspondent for the Economist, in his recent book The New Cold War: How the Kremlin Menaces Both Russia and the West. "The less resistance Russia meets, the more assertive it becomes. The limits of the tolerable are constantly changing, and in one direction only. The uncomfortable but unavoidable question is, Where will this...
...stands at 4.1% - more than double the ECB's goal of 2% - the region's central bank announced earlier this month it, too, would keep rates on hold. "Both the ECB and Bank of England have been caught between a rock and a hard place," says Matthew Sharratt, an economist at Bank of America in London. "The best they can do is to leave rates where they are until they see some signs that inflation has peaked or started to come down...