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hose barriers would be to set up some sort of global federal government. Another would be to install a "free-market Stalin"—a figure in the mould of Chile's Augusto Pinochet—who would force his country's citizens to accept the constraints of the global market, including debt repayment. Neither option i
the past. They may have borrowed from the future, using debt to enjoy a standard of living that is unsustainable. Greece provides a stark example. Standard & Poor's, a rating agency, estimates that its GDP will not regain its 2008 level until 2017. Rising government debt is a Ponzi scheme that requires an ever-g
Koruna/US$ (Fwd. Rates) Forint/US$ (Fwd. Rates) Latin America Spot Currency Rate Argentina ARS/USD 5.04 5.18 5.50 6.10 (Fwd. Rates) Brazil Chile 4.63 4.87 5.33 BRL/USD 1.98 1.95 2.00 2.05 (Fwd. Rates) CLP/USD 473 476 490 505 (Fwd. Rates) 480 485 495 Colombia COP/USD 1,814 1,770 1,750 1,
of financial products and/or services, customers should carefully read the relevant disclosures, prospectuses and other documentation. "Moody's", "Standard & Poor's", and "Fitch" mentioned in this report are not registered credit rating EFTA01464564 agencies in Japan unless "Japan" or "Nippon" is specifically
A Indonesia USA Malaysia United Kingdom Japan Nigeria Kuwait Nigeria Greece Canada Denmark United Kingdom Spain France United Kingdom Chile Russian Federation Italy United Arab Emirates Kuwait Kuwait United Arab Emirates Switzerland World Economic Forum Annual Meeting EFTA_R1_021
udies Transparency International Germany Proexport Colombia Colombia Bloomberg Television Accenture Lafarge Lahoud Engineering Centrica Plc Standard & Poor's Eicher Motors Limited IDFC Ltd United Kingdom People's Republic of China France Lebanon United Kingdom United Kingdom India India Oak Inve
ng India Indonesia Korea Malaysia Philippines Singapore Sri Lanka EFTA01476183 Taiwan Thailand Vietnam Latin America Argentina Brazil Chile Colombia Mexico Peru Venezuela G7 Advanced economies EM economies Global 2015F 2.4 0.7 1.5 1.7 1.1 0.7 3.2 1.9 1.4 0.8 0.1 -0.1
1476249 8 December 2015 World Outlook 2016: Managing with less liquidity relevant disclosures, prospectuses and other documentation. "Moody's", "Standard & Poor's", and "Fitch" mentioned in this report are not registered credit rating agencies in Japan unless Japan or "Nippon" is specifically designated in th
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