Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.

Thank You

Join the forum, it's quick and easy

Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.

Thank You
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» කොළඹ කොටස් වෙළඳපොල විශ්ලේෂණය - 2024
by ChooBoy Today at 11:53 am

» Winds of Change: Sri Lanka's Banking Crisis is Stalling Renewable Energy Ambitions of Local Stalwarts of Wind & Solar Power
by God Father Wed Jul 17, 2024 10:11 pm

» Banking Sector Analysis
by God Father Sat Jul 13, 2024 7:57 am

» Impact of Elections on Colombo Stock Market Sentiment
by Quibit Tue Jul 09, 2024 9:01 am

» LankaBIZ Unveils AI-Driven On-Demand Financial Research and Analysis Service
by Quibit Thu Jul 04, 2024 12:49 pm

» CDB Non voting
by Nandun Sun Jun 30, 2024 9:45 pm

» The Parsi Power Play: How a Small Community of Iranian Parsis are Controling Sri Lanka's US $ 85 billion Economy & 22 Million Population & Politics driving away FDIs
by MalakaDesmond Sun Jun 30, 2024 10:19 am

» Richard Pieris Group: Mismanaged?
by Walbaba Sat Jun 29, 2024 7:04 pm

» සොෆ්ට්ලොජික් හෝල්ඩිංග්ස් පීඑල්සී: අඳුරු අපේක්ෂාවන් සහිත ඉහළ අවදානම් ආයෝජනයක්
by D.G.Dayaratne Tue Jun 25, 2024 5:45 am

» සොෆ්ට්ලොජික් ප්‍රාග්ධනයට වන්දි ගෙවන Share BuyBack නිසා Softlogic ජීවිත රක්‍ෂණය බංකොලොත් වීමේ අවදානමක
by MalakaDesmond Tue Jun 25, 2024 1:49 am

» Softlogic Life insurance face Danger of Bankruptcy due to Share BuyBack that compensate Softlogic Capital
by MalakaDesmond Tue Jun 25, 2024 1:33 am

» Softlogic Holdings PLC: A High-Risk Investment with Bleak Prospects
by MalakaDesmond Tue Jun 25, 2024 12:52 am

by SL-INVESTOR Sat Jun 22, 2024 12:48 am

by ErangaDS Wed Jun 19, 2024 9:21 pm

» How will proposed Tax Reforms affect Sri Lankans in 2025
by Quibit Wed Jun 19, 2024 9:27 am

» Falsified accounts and financial misrepresentation at Arpico Insurance PLC (AINS)
by ChooBoy Tue Jun 18, 2024 11:31 pm

» Impact of IMF reforms to Sri Lanka Economy
by D.G.Dayaratne Mon Jun 17, 2024 6:36 pm

» Richard Pieris Finance Ltd continue to endanger the Depositors with negative performance
by ddindika Mon Jun 17, 2024 3:17 pm

» Richard Pieris Exports reports 97% decline in Net Profits
by Biggy Sat Jun 15, 2024 11:26 am

» Do your own Stock Market Research using AI Tools
by Quibit Fri Jun 14, 2024 10:50 am

» What will happen tomorrow?
by cheetah Thu Jun 13, 2024 12:07 pm

» Focus on Government controlled entities
by ErangaDS Mon Jun 10, 2024 4:15 pm

» Colombo Stock Market: Over Valued against USD!
by God Father Mon Jun 03, 2024 3:17 pm


Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


Send your suggestions and comments

* - required fields






You are not connected. Please login or register

Europe to face painful adjustments to economy: economist

Go down  Message [Page 1 of 1]


Global Moderator

(Asia Pulse) Europe will have to face painful adjustments to its economy as countries within the Euro zone losing competitiveness will face the possibility of staying out of the 27-member European Union (EU) trading bloc, says Europe's prominent economist, Douglas McWilliams.

He said some countries within the Euro zone have lost their competitiveness in the export market and have an overpaid workforce.

"Europeans work less, take longer holidays and have higher wages compared with the poverty level in other parts of the world," he said in a interview with Bernama TV Monday.

While some countries in the euro region such as Italy was doing poorly in terms of export growth, Germany, on the contrary, was doing well in export growth as compared to five

years ago, said McWilliams, the chief executive of London-based Centre for Economics and Business Research and chief economic advisor, Institute of Chartered Accountants in England and Wales.

He said current global economic developments in the global economy was undergoing broader economic power shift from the West to the East, with China and other Asian nations' economies

emerging stronger in the global economic front and "this is an uncomfortable adjustment for Europe." He said European leaders were working on concrete solutions to resolve Europe?s debt

crisis which was derailing world economic growth.

"There is a good chance that they (the European leaders) will resolve the debt crisis. If this is to happen, then the world economy could pick up as we go into 2013," he said.

McWilliams said the world economy would slow down next year before picking up by end-2012.

"More expansion in the monetary and fiscal policies are expected in various parts of the world to spur economic recovery," he said.

Within the Asean region, he said, the knock-on effect from the Europe debt contagion crisis would most significantly be felt in Singapore and Indonesia in their financial services and

commodity sectors.

However, when the global economy picks up by 2013, McWilliams said Singapore and Indonesia will be the leading economies within the South East Asia region due to Singapore's

economics dynamics and the size of Indonesia's population.

He said Malaysia would continue to enjoy good economic growth.

McWilliams said China will be the world dominant economic power, taking over the US economy by 2013, while India and Russia will be the other leading economies, backed by commodity

prices, currency movements and growing economic activities.

He said there would also be a shift in the Asean economy from one which was traditionally reliant on export growth to the importance of domestic consumption as the new driver of

economic growth.

He said the emerging middle-class in Malaysia were spending on goods and services and this would keep the economy going even when the global economy was going through a "roller

coaster" pace.

He envisaged that China's economic growth would be sustained with the authorities taking monetary measures to address difficulties in its property market.

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum