The costs of the crisis in the world could reach 2.8 trillion dollars
Direct losses in the global economy as a result of this financial crisis will reach 2.8 trillion dollars, says the “Stabilization report of the Bank af Ingland. The financial institution twice increased its estimate of the amount of losses compared to its assessment, made in May.
Specialists Bank of England argue that the risks to the global financial system is maintained, and many of them tend to boost. Among the sectors that are attacked by further disturbances in the report indicating investment hedge-funds. Currently they are experiencing acute shortage of funds.
Difficulties of hedge-funds, which in the last decade was one of the important components of the global financial market could lead to a new wave throughout Crisis structure of global finance.
In the difficult situation is the insurance companies whose assets have a significant amount of mortgage policies of the U.S. market that are currently completely impaired.
International Monetary Fund: The financial crisis has not yet been completed, real estate prices continue to fall Merrill Lynch strongly disappointed investors off assets for $ 9.4 billion dollars Lehman Brothers bankruptcy Central bankers: Asia deal with crisis World Bank gives USD 100 billion to developing markets Over 80 percent of Russian companies feel threatened by financial crisis U.S. shares erased their initial gains. The outlook for long-term credit rating of Russia is “negative” and Gold-currency reserves of Russia decreased by 50 billion dollars Deforestation cost the world economy over the credit crisis Financial crisis hit and telecom sector US unveils new $1.5 trillion rescue plan Again bank failure in U.S. 401(k): Cut losses or stay the course? When pensions hit earnings Bernanke: Inflation will be reduced UK jobless ‘to reach 3.4 million’ Crunch ‘cost Arabs $2.5 trillion’ Financial rules ‘worsened crisis’ Bank for International Settlements: Economic growth must be sacrificed in the fight against inflation Merrill Lynch sold her share in Bloomberg Bond prices fall amid auctions Got change for 100 trillion dollars? Zimbabwe prints new banknotes Shares of the week - storms Wells Fargo & Co. Bought Subdivisions and of Lehman in Europe and the Middle East The data on employment pressed U.S. state indices, the serial drama data on the labor market in the U.S. Crisis ‘more serious than 1930s’ The wild world of frontier funds Crisis ‘to trap 53m in poverty’ Global investing: One world, one fund Member countries of the oil exporting countries lost 700 billion dollars due to cheapen oil McCann against Obama - how will affect the economy How to spot hidden fund fees India unveils $4bn stimulus plan Rescue plan for the economy of Australia The buck stops Sell stocks or stay put Oil ended the week with a drop of over 11 percent Tips for growth in economy Crisis ‘has hit China’s economy’ British economy with more serious problem than expected pace slowed World Bank gives China $710m loan Oil remained at low levels to the limit of 100 dollars Crisis may ’spark social unrest’ Austria to run Madoff-hit bank Davos finds no answers to crisis UN: High prices of properties violate human rights to housing Real estate market in Spain from stagnation to decline New bond issue worth 10 million start HypoCredit, mortgage markets and housing loans Mutual fund assets fall nearly 3% in November ‘Unprecedented’ fall in air cargo Middle East oil fell to 122.10 dollars for a barrelTags: crisis, dollars, financial crisis, financial system, global economy