A swerve into the slow lane

Article Abstract:

The possibility of slow down of the world economies in 2005 after the recent positive trends is discussed. Lowering of taxes and interest rates in US helped its housing sector, which in turn helped the revival of the economies after 2001, but the rising oil prices are likely to steer the economies back into recession. The effect of slower economic growth in China is also discussed.

United States, Forecasts, trends, outlooks, Commodity & service prices, Analysis, Prices and rates, Forecasts and trends, Economic conditions, Market trend/market analysis, Recessions, Company pricing policy, Global economy

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Outward bound

Article Abstract:

The Australian service industries has for the last 30 years beaten the manufacturing industries in the domestic growth as well as in the exports. In the recent years especially the knowledge based professionals like lawyers, architects and engineers have brought in huge revenues and international acclaim. The growing Australian professional services exports are discussed.

Service Industries, Services industry, Professional services

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Crude control

Article Abstract:

The fight for Iraq's oil export revenue has begun but some people believe that $US1.5 billion should be used for humanitarian aid and rebuilding. However, some part of the revenue is distributed as compensation to people who suffered financial losses when Iraq invaded Kuwait in 1991 and the rest can be drawn down by Iraq to buy food and medical supplies.

Wage Administration, Iraq, Compensation management, Revenue

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