Achieving growth in a rebalanced world
Friday, October 23, 2009
This is, in part, inevitable. But it is also the result of poor coordination between governments as the world economy rebalances.
Prior to the crisis, American consumers, on average, either saved nothing or accumulated debt. That has now changed. With household wealth seriously damaged by the housing crash and other asset-price declines, pensions and retirement provisions are in disarray.
It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...