Black hole
Article Abstract:
The shadow economy includes unrecorded economic activity which may be legal, such as construction work, as well as illegal activities such as drug dealing. It is not easy to estimate unrecorded activities, though there are a number of methods for doing so. Economist, Friedrich Schneider, estimates that the shadow economy accounts for some 33% of economic activity in developing countries, and some 15% in developed economies. Thailand and Nigeria are seen as having the largest shadow economies, while Belgium, Spain and Italy are important among the more developed economies.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
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Brazil's unsteady recovery
Article Abstract:
Spanish speaking countries of Latin America have been hit by recession, while Brazil is showing signs of economic recovery. Gross domestic product is increasing and inflation is falling. There have been protests linked to a drop in living standards. Unemployment has stabilised, but consumers are affected by employment instability and a drop in their purchasing power. Reductions in interest rates are important for the country's economic growt, and this means that markets must have confidence in Brazil.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
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