The joblessness in Saudi Arabia, the Saudi officials' mismanagement of the crisis created by the
economic shock of decreased oil prices and their lack of planning for confronting social dangers, have increased poverty and are the reason behind the Saudi youths' tendency for Takfiri terrorism," Tallah Akram told FNA on Thursday.
The report noted that the national economy was able to overcome the effects of the
economic shock faced and witnessed stablity in all indicators.
Under such circumstances, the need for fiscal encouragement declines, which creates more room for the fiscal policy in the event of a future negative
economic shock, Governor Dimitar Bogov says in his interview with Dnevnik.
We've just emerged from a difficult security situation and
economic shock, and a boost is necessary, even if the deficit grows.
Since the secession of the oil-rich South Sudan, the Sudanese economy suffered an
economic shock marked by high inflation, eroding currency value and growing deficits.
Why is it though, that some places are more affected by an
economic shock than others?
Although the initial
economic shock of the recession does increase suicide risk, policies that promote re-employment may reverse this trend", they said.
CAMP: Cabin at G8 In TV interviews, Mr Cameron stressed if debt-ridden Greece crashed out of the single currency, there would be global
economic shock waves.
Further, the report said that the
economic shock that followed the collapse of the Lebanese Cabinet this January was similar to the
economic shocks that followed the assassination of Prime Minister Rafik Hariri in February 2005 and the July 2006 War.
Stress testing of about 90 European Union banks began this month, and on Friday the European Banking Authority published details of the
economic shock that will be applied to individual banks and the test's methodology.
More than 75 per cent of the country's middle class remain in the $ 2 to $ 4 daily consumption bracket, the lower end of a range of $ 2 to $ 20, leaving them at risk of falling back into poverty in the event of a major
economic shock, such as the global financial crisis," the report adds.
The euro makes it easy to justify policies and mobilize the people, but calls to reduce the budget deficit don't have so much to do with the euro, but instead with the fact that the
economic shock has been huge,' he said.
