China Financial Daily

December 30, 2008

The Outlook of world economy

Filed under: Financial News — Tags: — Nancy @ 8:57 am -0800

“Outlook”: bankruptcy trustee storm frequency and the financial crisis dragged the world
In the context of globalization, which started in the United States, a financial crisis, was also with its impact on the overall situation. Moreover, the international financial crisis on the world economy will continue to have a major impact on all aspects. U.S. market-based model of laissez-faire capitalism was challenged. The financial crisis has fully exposed the defects of the lack of rules and regulations which the market are not regulated in financial system.

Putin is expected in the second half of next year that an international financial situation will be improved
Xinhua in Moscow on December 29th (Reporter Zhao Jialin) on 29th, Russian Prime Minister Vladimir Putin told reporters that he expected the international financial situation next year was in the third to the fourth quarter next year to improve. Putin said the world economy has never happened like this present crisis on a global scale, so analysts were difficult to make a clear-cut, well-founded forecast. He believed that in 2009 in the third to the fourth quarter, the international financial situation was to improve the present trend, and in 2010 to Russia and other countries the world economy have a positive impact.

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