Word: glooming
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...encouraged by the recent figures, but not enough to drastically alter his outlook on Asia's overall growth. "We've definitely seen the low, the worst of the collapse of demand," says Maguire, "but we shouldn't be looking at a V-shaped recovery." In a time of gloom and doom, Asia will take any good news...
...those Americans and Harvardians mired in the gloom of the global financial crisis, a top Serbian politician offered some much-needed optimism at Harvard yesterday. Amid a global downturn, Serbia has fared comparatively well, and Deputy Prime Minister Mladjan Dinkic, also the Minister for Economy and Regional Development, said the United States needed to follow the small Balkan nation’s lead to revive its economy. Dinkic, who said he was in the country in part to discuss economic issues with a group of U.S. senators, gave suggestions for U.S. recovery to a packed room of students, academics...
...year, following even steeper falls the preceding two months. Since its 2008 peak the Singapore dollar has lost more than a tenth of its value against the U.S. dollar, making it one of the worst performing currencies in Asia so far this year. And, if this drumbeat of economic gloom weren't enough, the Singapore government has repeatedly revised its economic growth projections, growing more vigorously pessimistic with each try. It now expects Singapore's gross domestic product to shrink by up to 9% in 2009, which would likely be the sharpest contraction in Asia this year. (See pictures...
...captives; a majority of the rest are from India, with smaller numbers from other South and Southeast Asian countries. In all these countries, sailing is seen as a tough but lucrative profession that fetches handsome dollar incomes relative to the amount of education required. Even amid the present economic gloom, officers' salaries have not plunged due to a shortage of qualified people. Indians and Filipinos are most in demand on international vessels because they speak English. But many Indian seafarers are now refusing to do the Gulf of Aden run. "Sailors are very apprehensive, very jerky," says Sunil Nair, spokesman...
...Libertas succeed? Joannin concedes it could exploit the voter gloom. "This is a period of uncertainty," she says. "We expect is a high rate of absenteeism in the European elections. We might think he is just a populist, but who knows...