The World Economic Crisis May Persist http://www.ibonweb.com IBonWEB.com - The world economic outlook which has been published recently states that the world economic growth is slowing down. Some leading countries such as the United States (US), Japan and Euro zone even also report their economies as not as high as before. Their economies decrease respectively from 3.2 percent, 1.8 percent, 2.9 percent in the past to 1.5 percent, 0.6 percent and 1.9 percent in 2001 projection. Those decreasing economic trends will affect the developing countries including Asia, a region suffering from shrinking export demand. The Asian economies, which now are in the middle of recovery from economic crisis, become very dependent on exports as a dominant factor to drive economic growth. Because of those factors, economic growth in Asian countries is projected to just 3.8 percent in 2001, or much lower than 8.2 percent in 2000. The world economic contraction will also affect the labor sector. In the developed countries, slower growth has made some industries reduce their production and therefore also affect their employment. The higher inflation rates in the developed countries also will reduce the real wages for labor. So, the labor force will be the hardest-hit group in the developed countries due to the economic contraction. The possibility of the next economic crisis is therefore more relevant as it may affect both developed and developing countries with higher unemployment and inflation rates, currency depreciation and unfavorable records of balanced of payments (BOP) for crisis. Martin Manurung ...........Menuju Indonesia yang Demokratis dan Berkeadilan............ Untuk bergabung atau keluar dari Milis, silakan anda lakukan sendiri Bergabung: [EMAIL PROTECTED] Keluar: [EMAIL PROTECTED] ->Cake, parcel lebaran & bunga2 natal? Di sini, http://www.indokado.com<- -> FREE email !! [EMAIL PROTECTED] ... http://www.kulitinta.com <-
