Business Monitor International Predicts Slower Growth In The Angola Construction Industry
Business Monitor International report highlights the risks of a double-dip recession
Released on: August 19, 2011, 3:49 pm
Author: Business Monitor International
Business Monitor International (BMI) has released its latest
special report, "Market Meltdown: Global Economy On The Edge"
evaluating the major risks to the world economy arising from the recent
slump in global stock prices and rise in vulnerable government bond
With the Eurozone affected by the on-going sovereign debt crises, the US faced with
debt concerns after losing its AAA credit rating, and Japan still suffering from the
consequences of March's earthquake, the global economy is threatened by a
risk of another recession.
On August 5 2011, Standard & Poor's (S&P) lowered its long-term sovereign credit
rating for the United States to AA+ from AAA, while maintaining a negative outlook.
Prior to S&P's announcement, poor Q211 GDP data and revisions to the GDP series
going back to 2010 had a significant impact on the US economic outlook. The report
focuses on the recent market developments, outlines revisions to BMI’s US growth
forecasts and provides insight into the US ratings downgrade. Furthermore it
examines a possibility of a double-dip recession in the US.
BMI also analyses the implications of the Eurozone debt crisis for European
politics, financial market strategies and the European banking sector. Considering market scepticism over the sustainability of the Eurozone, the
current crises represent the biggest test for European institutions since the
collapse of Yugoslavia in the 1990s, and one with far graver economic implications.
Moreover, "Market Meltdown: Global Economy On The Edge" assesses the contagion
risks of the eurozone and US crises for Asia; from banking sector exposure, the
stress on states with weak fiscal positions, and the impact on China's economy and the rest
of the region should global trade flows be disrupted by a weakening US dollar, or
lower import demand from the US and Europe.
BMI's unique combination of global macro-economic forecasting, industry knowledge
and long track-record of emerging markets
forecasting enables global investors, strategists and decision-makers across the
corporate spectrum to identify key market opportunities and avoid market risks
wherever they operate.
About Business Monitor International:
Business Monitor International (BMI) established in 1984 with headquarters in London
is recognised as a leading independent source for analysis and forecasts on Country
Risk and Industry, spanning 175 countries. BMI provides research to multinational
corporations, banks, funds, research centres and governments in 140 countries around
the world, including more than 400 of the Fortune Global 500 companies.
Head of Strategic Analysis & Product Development
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+44 (0)20 7248 0468
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