InfoAnda - Global economy faces toxic threat from imbalances: U.N. |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

UNESCO chief to visit Singapore | 4 December 2008
Berlusconi's rift with ally deepens with lawsuit | International | | 16 September 2009
'Babe' creator Dick King-Smith dies at 88 | 6 January 2011

Hackers say to publish emails stolen from Stratfor | | 28 December 2011

Forum Views () Forum Replies ()

Read more with google mobile : Global economy faces toxic threat from imbalances: U.N. |

Edition: U.S. Article Comments (0) Email Print Reprints Read Tea Party Republican has big lead in Florida 4:27pm EDT FEATURE-Gold fever strikes mom and pop prospectors in US West 7:00am EDT Republicans take stock after Tea Party stunner 4:28pm EDT Popularity can come at a price: getting flu first 14 Sep 2010 Japan intervenes to drag down yen, warns of more | Video 2:44pm EDT Shared Walking helps keep body and brain young 13 Sep 2010 Special Report: Blue-collar, unemployed and seeing red | Video 12:57pm EDT Twitter remakes website, adds new features 14 Sep 2010 Soros warns on gold rally, says nothing safe | Video 2:58pm EDT B vitamins found to slow progression of dementia 09 Sep 2010 Watched Soros: Gold "not safe" 9:46am EDT Melting glaciers expose artifacts Tue, Sep 14 2010 Gaga crowned; Oprah's big trip Mon, Sep 13 2010 NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here. Global economy faces toxic threat from imbalances: U.N. Tweet This Share on LinkedIn Share on Facebook Factbox FACTBOX-Austerity measures outside the euro zone Thu, Sep 2 2010 Related News New slumps possible if stimulus withdrawn, U.N. says Tue, Sep 14 2010 In jobs push, IMF reveals a gentler face Mon, Sep 13 2010 Bernanke's speech to Jackson Hole conference Fri, Aug 27 2010 Analysis & Opinion The stimulus programs are working … just maybe not for you African agricultural finance under the spotlight Related Topics World » Thailand » By Robert Evans GENEVA | Wed Sep 15, 2010 2:22pm EDT GENEVA (Reuters) - The world economy faces a threat from the global market imbalances that caused the 2008-09 crisis and slashing government spending can only heighten the problem, a senior United Nations economic official said on Wednesday. Supachai Panitchpakdi, head of the UNCTAD trade and development agency, told member countries the imbalances -- in food, energy, housing and financial markets -- had been left untouched by moves to end the recession. "They remain a toxic threat to stable and inclusive growth and the sustainability of the recovery," declared Supachai, a former head of the World Trade Organization (WTO). And in a warning to countries like Britain and Germany, he said driving hard to cut government spending through deficit reduction and tighter monetary policy could have "disastrous consequences for recovery and precipitate a double-dip." Supachai, an ex-deputy prime minister of Thailand, was speaking a day after UNCTAD issued a report saying major economies should maintain fiscal stimulus policies or face slumps in employment and growth. BOOSTING JOBS Like the report, and a statement from the fiscally-strict International Monetary Fund (IMF) on Monday, he said governments should be focusing on boosting jobs and not pandering to financial market demand for deficit cutting. In times of deflationary pressure, there was no real harm in maintaining high levels of government spending "especially if it stops prices from falling, sustains employment and ensures that people do not fall into poverty," Supachai said. Support for the public sector, he added in arguments similar to those being used by labor unions across Europe, "is essential for maintaining jobs in the private sector as many firms depend on public sector contracts." Supachai said that despite the huge sums spent by European governments and the United States in rescuing the financial sector from collapse in 2008 and 2009, there was little sign that real lessons had been learned from the crisis. The large public deficits in many countries were the result of spending to rescue the financial sector, and banks and bondholders should now show patience with the unwinding of the resulting sovereign debt, he declared. "Certainly, the re-emergence of speculative position-taking and the bonus culture in an industry that has perhaps become even more oligopolistic....is a step in the wrong direction," the UNCTAD secretary-general added. Supachai lamented that the G20 group of nations had shown little enthusiasm for radical change to what he called the pre-crisis business model. "Indeed, politicians and business lobbies still seem committed to the pre-crisis agenda of a shrinking state, the privatization of public services, and a tough stance on large deficits," he said. Such policies "would be highly risky for economic growth and social well-being during this immensely fragile period." (Editing by Matthew Jones) World Thailand Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Thursday, 16 September 2010
Iraqi soldiers killed by bomb; U.S.-Iraq raid kills 7
EU police probes organised crime in Kosovo, arrest five
U.S. sees progress in Mideast peace talks
BP boss defends safety record to British MPs
Trapped Chilean miner sees daughter's birth on video
West hits out at Iran over ban on atom inspectors
Spanish NGO wins top humanitarian prize
BP CEO defends BP safety record under MP grilling |
Storm Karl hits Mexico, threatens Gulf oil installations
White House To Appoint Consumer Protection Chief
France, Airbus say WTO rules against Boeing in subsidy row
Guinea postpones presidential poll |
France passes pension reform amid uproar
Report: Saudi Arabia, India Top Buyers of U.S. Arms
New Turkish constitution to be revealed after vote
Iraqi soldiers killed by bomb; U.S.-Iraq raid kills 7 |
Abuse victims appeal to pope before historic visit
Fatal Lawnmower Accident Pins Driver Underwater In South FL Canal
Campaign ends as Afghanistan readies for vote
FDA Approves New Gout Relief Drug
France passes bill to raise pension age
Seven civilians killed in US-Iraqi raid
Global economy faces toxic threat from imbalances: U.N. |
"Scrubs" Releasing Last Season On DVD
Reformer says fascism could rip Russia apart |
Israel bombs Gaza tunnels after Palestinian rockets
U.S. showcases relief efforts in flood-hit Pakistan |
Iran bus accident kills 29, injures 11
Nine Iraqi soldiers killed in roadside bomb
Afghans demonstrate over Koran burning
Asian champions Steelers slump in Iran
China millionaire says 100 others will donate riches: report
Gallic actor spurns Hollywood's 'French lover' stereotype
U.S. strikes kill 15 militants in Pakistan northwest
Cambodia boosts army with new tanks, fighter vehicles
Taiwan prosecutors raid ex-leader's office
Microsoft releases newest version of Web browser |
Suu Kyi's Myanmar opposition party protests dissolution
Intel guru: future phones will sense your mood |
Google hit with new privacy problem, fires engineer |
Japan takes another step towards robot workers
Israeli, Palestinian hold new peace talks despite violence
EMusic nears major label deals for fall relaunch |
S.Korea has more mobile phones than people: agency
HTC unveils new smartphones, pushes into services |
Al-Qaeda: West 'weakened' by jihadists
Asia driving industry as trademark bids recover: WIPO
China's Ansteel signs formal deal with US steel mill: report
Taiwan envoy to make first China visit since trade pact
World Bank chief backs China yuan strengthening
Cambodian unions say garment strike could go on for weeks
Police arrest vigilantes for Indonesia church attack
Pakistani stocks end lower; rupee, o/n rates flat
Extremist arrested over Indonesia church attack
Curbing tech piracy can stimulate Asian economies: report
Austrian inflation slows to 1.7% in August
Springsteen sheds some light on Darkness album |
Bareilles leads U.S. chart as overall sales slide |
Real Housewives star Salahi has multiple sclerosis |
Taliban call on Afghans to boycott vote
At least 10 die in blast in southeast Turkey |
Pope starts Britain visit clouded by 'Third World' gaffe
West calls for tougher action on Iran sanctions
Pakistani leader offers more intel to Afghans
Mexico celebrates 200 years with huge fiesta |
US-TECH Summary
US, Russian defense chiefs promote deeper ties
Microsoft "Halo: Reach" sales hit $200 million on 1st day
Pope to start UK trip amid new diplomatic hiccup |
North Korea says wants South talks as dark mood lifts |
US Internet users staying connected during sex: study
"The Muppets Kitchen With Cat Cora" Holds A Premiere Event In California
World leaders to stick to U.N. poverty goals |
Catherine Malandrino, Rebecca Taylor, Zac Posen, Tommy Hilfiger Show At Fashion Week
Exclusive: Yahoo shows no interest in Alibaba stake sale
Jennifer Beals To Star In Hallmark’s “The Night Before The Night Before Christmas”
France says EU censure over Roma unacceptable |
President Obama Slams Republicans For "Choking Small Business"
Myanmar expands private banks with military ties |
TLC Renews Several Hit Series, Including "Say Yes To The Dress: Atlanta"
Stocks Resume Advance As Investors Remain Optimistic
U.N.-backed tribunal indicts 4 Khmer Rogue leaders |
Motorola hopes for Android tablet early next year
Google pitching online music service to labels
Court indicts four KRouge leaders for genocide
Canadian police find 7 tons of hashish
West hits out at Iran over ban on atom inspectors |
Craigslist says shutdown of adult services permanent
Obama: Immigration Bill A Step Toward Reform
Cuba says embargo tougher under Obama
Storm Karl hits Mexico, threatens Gulf oil installations
China urges 'concrete action' from Japan on boat row
Republicans take stock after Tea Party stunner
North Korea wants South talks as dark mood lifts
Craigslist 'won't run any more ads' for adult services
Global Weather-Celsius
New Zealand lifts emergency in quake-hit Christchurch
UN humanitarian chief calls for new ideas on mega-crises
Support for Japan PM rises after leadership vote
N.Zealand lifts emergency in quake-hit Christchurch
N.Korea proposes military talks with S.Korea
Microsoft Halo: Reach sales hit $200 million on 1st day |
N.Korea proposes military talks with S.Korea: report
Apple gadgets to get wireless printing in November
Microsoft releases newest version of Web browser |
US envoy on North Korea holds talks in China
Intel guru: future phones will sense your mood
E-textbooks expected to grow with iPad on campus |
Internet Explorer 9 puts spotlight on website features
Microsoft releases newest version of Web browser
US-ENTERTAINMENT Summary
Facebook gets movie treatments as social media at high |
Motorola hopes for Android tablet early next year
No rehearsal necessary for Ryan Reynolds in Buried
'Forced veiling' debate divides Bangladeshi women
'Plus-size' models still rare on NY and London catwalks
Kakuma -- the world's most cosmopolitan refugee camp
Concert promoter sued over Michael Jackson death
Nikki Blonsky rocks at plus-size NY fashion show
Filmmaker Loach presses Canada to let US war resisters stay
Most common 'moderate' activity in US? Preparing a meal
Google pitching online music service to labels: Billboard
Concert promoter sued over Michael Jackson death |
Facebook gets movie treatments as social media at high |
Jennifer Hudson can't wait to perform in slim body |
Taiwan Formosa ordered to inspect tanks after leak
No rehearsal necessary for Ryan Reynolds in Buried |
S.Korea sees more revenue, smaller deficit next yr
Home is where the heart is for actress Blake Lively |
New E! show combines weddings, plastic surgery |
Big Bang Theory stars get pay increase |
Japan PM: decisive forex steps despite criticism
House begins new season on romantic note |
Zoe Saldana, Lea Michele make People best-dressed list |
US takes two China trade cases to WTO
South Korea shares slip on banks, shipyards
BRIEF-Moody's says Taiwan RMBS performance improves
PREVIEW-Taiwan August export orders seen up 20.2 pct y/y
WRAPUP 1-NZ cenbank holds rate, next hike seen early 2011
South Korean bond futures under pressure early
Seoul shares slip led by banks; techs up
Mideast talks still under threat after Clinton visit |
Spanish construction giant ACS bids for Hochtief
Mobile computing set to get "keyless keyboard"
Five French, two Africans kidnapped in Niger
Motorola buys privately held software maker
Pope warns against 'aggressive' secularism
North Korea says wants South talks as dark mood lifts |
Arctic sea ice melts to third lowest area on record
Sony says likely to meet annual PS3 sales target
Taliban urges Afghan vote boycott, warns of violence |
Pope welcomed to Britain by Queen
Car sales plummet in Europe: industry data
EU leaders agree on trade pact |
Michael Jackson's mother sues concert promoters
Britain notches 500 millionth digital download
Under IAEA pressure, Syria and Iran point to Israel |
Japan PM to keep key ministers in Friday rejig |
Myanmar bars some ethnic leaders from polls: source |
Motorola buys privately held software maker
Turkey may bar Greek Orthodox mass at Hagia Sophia |
Sony says likely to meet annual PS3 sales target
Brazil's Rousseff still headed for majority: poll |
Cambodia indicts four Khmer Rouge leaders
Hollywood weighs in on fat people
Indonesia police kill two in Papua road riot
EU seals first Asian free trade deal with S.Korea
Cambodian garment workers call off strike
North Korea says wants South talks as dark mood lifts
Breakthrough for cancer-hit Tasmanian Devils
Manila says bus hijacker killed Hong Kong tourists
Hollywood weighs in on fat people
Harper To Address UN General Assembly
Sony says likely to meet annual PS3 sales target |
Thousands Join DEA Drive To Take-Back Prescription Drugs
Jobless Claims Decrease Second Week In Row
First prescription 3D glasses to go on sale
Pakistan must raise billions after flood
Karl Charges Toward Mexico; Could Become Hurricane By Friday
Mobile computing set to get keyless keyboard |
Trade Group Seeks To Rename "High Fructose Corn Syrup"
Nicole Kidman 'nervous' about new producer role
U.N.-backed tribunal indicts 4 Khmer Rouge leaders
Suicide Suspected In Death Of Man Inside LA Airport
Britain notches 500 millionth digital download |
UK director Loach defends Iraq war resisters
Pakistan must raise billions after flood
"The Big Bang Theory" Lead Stars Score Big Raise
U.S. Refutes Al-Qaeda Claims West Is In Retreat
Brazil graffiti artists are Van Goghs, not vandals
Pakistan's forex reserves flat at $16.07 bln
Elizabeth Edwards Talks To Nate Berkus About Reclaiming Her Life
Motorola buys privately held software maker |
Gallic actor spurns French lover' stereotype
Cambodian garment workers halt strike over pay
Bloomberg Seeks To Ban Outdoor Smoking In NYC
Foreign banks lag domestic rivals in China: report
India's central bank hikes interest rates
S.Korea to cut fiscal deficits due to recovery
Seoul shares decline led by banks
Pakistani c.bank sells 35.9 bln rupees in T-bills
China currency strong ahead of Geithner scrutiny
A Minute With: Disney's grown-up child star Raven-Symone |
Taiwan sells T$40 bln 10-yr bonds at 1.228 pct yield
Hollywood weighs in on fat people |
10 Years On... What Would Sharon Say Today?
Anti-Mosquito Egg Solution Hopes To Stop Dengue Outbreak In Philippines
Police Seize Almost $2 Billion In Assets From Mafia Businessman
Police Evacuate Eiffel Tower After Bomb Threat
Anthrax Outbreak Infects 500 In Bangladesh
French Newspaper To Sue Over Government Probe Of Press Leak
Jewish Holiday Spells Reduced Carbon Footprint for Israel
Nepal Agrees To Extend UN Forces' Mandate
Australian "Smokes" Koran, Bible
Chinese Submersible Plants National Flag On Seafloor
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01