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World Economy Review - July 2010

Dow Jones Index

Dow Jones Index
The International Monetary Fund says the U.S. financial system is "slowly recovering," but remains vulnerable to crisis, in part because Congress and the administration have failed to streamline a regulatory system marked by turf battles and overlapping responsibilities. "We asked many times why bolder action could not be undertaken," said the IMF`s Christopher Towe, who oversaw the agency`s first broad review of the U.S. financial sector.
Administration officials have argued that proposals to eliminate regulatory agencies would have become bogged down in Congress, saying higher priorities included a procedure to shut systemically important institutions that run into deep trouble.
The IMF said the U.S. system, where the Federal Reserve, Federal Deposit Insurance Corp., and state regulators share responsibility for regulating U.S. banks, and where the Commodities Future Trading Commission and Securities and Exchange Commission tussle over regulating futures markets, made coordinating oversight and uncovering new risks difficult.
The new Financial Stability Oversight Council, charged with uncovering and defusing systemic risks, could also be hampered, the IMF said.
A senior Treasury official said the administration`s financial overhaul improved oversight by making "regulator shopping" nearly impossible, as the Fed has the lead role in overseeing systemically significant institutions.
The IMF also conducted a stress tests of banks in the U.S., though it didn`t grade individual institutions. Its simulation found that if the U.S. economy fell into...

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The World Economy

World GDP Growth, %

World GDP Growth
The world economy can be evaluated in various ways, depending on the model used, and this valuation can then be represented in various ways (for example, in 2006 US dollars). It is inseparable from the geography and ecology of Earth, and is therefore somewhat of a misnomer, since, while definitions and representations of the "world economy" vary widely, they must at a minimum exclude any consideration of resources or value based outside of the Earth.
For example, while attempts could be made to calculate the value of currently unexploited mining opportunities in unclaimed territory in Antarctica, the same opportunities on Mars would not be considered a part of the world economy - even if currently exploited in some way - and could be considered of latent value only in the same way as uncreated intellectual property, such as a previously unconceived invention. Beyond the minimum standard of concerning value in production, use, and exchange on the planet Earth, definitions, representations, models, and valuations of the world economy vary widely.
It is common to limit questions of the world economy exclusively to Human economic activity, and the world economy is typically judged in monetary terms, even in cases in which there is no efficient market to help valuate certain goods or services, or in cases in which a lack of independent research or government cooperation makes establishing figures difficult. Typical examples are illegal drugs and prostitution, which by any standard are a part of the world economy, but for which there is by definition no legal market of any kind.

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Monthly Average
for August 2010

indicatorvaluechange, %
Dow Jones10350.401.50%
RTS Index1458.504.02%
RUR/USD rate30.45-1.14%
RUR/EUR rate39.320.08%
OIl (Brent), $/bl77.122.34%
Oil (WTI), $/bl76.680.64%
Gold, $/oz1215.811.91%

Macroeconomic
news

30.08.2010 22:43 The US economy rose at a 1.6 percent pace in 2010`s second quarter

09.08.2010 21:36 Goldman Sachs Lowers Forecast for Japan, U.S. Growth

25.07.2010 19:39 Ben S. Bernanke said U.S. economy still in need of stimulus

20.07.2010 21:28 U.S. industrial production up 0.1% in June 2010

11.07.2010 18:26 IMF`s growth forecast increases but still faces threats

02.07.2010 11:42 Fitch Raises Global Growth Outlook, Says Recovery On Track

20.06.2010 12:46 U.S. industrial production rises 1.2% in May 2010

10.06.2010 23:18 Japan`s economy grew 5.0 percent in the first quarter of 2010

24.05.2010 21:31 U.S. industrial production up 0.8% as capacity utilization rises to 73.7%

12.05.2010 21:32 Eurozone GDP Grows 0.2% In the First Quarter of 2010

29.04.2010 22:20 The International Monetary Fund nudged up its 2010 global growth forecast to 4.2%

22.04.2010 21:00 Russia`s economy grew 0.6 percent in the first quarter this year

20.04.2010 21:55 U.S. industrial production grew 0.1 percent in March 2010

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