Peter blogging about financial crisis|how is the financial crisis affecting all of us.
Apr
19
the real shaz asked:
Why does the headline say Sri Lanka Economic Growth Slows to 6.3% when actually its slowed on Exports, just as everyone else’s has? We are current on debt obligation. GDP has grown 6.3% (over expectations of 6.1) Everyone’s exports are low because of the Global Financial Crisis (did all get a credit rating cut?) Overseas sales have risen showing marked recovery after bottoming out 9.4% in September (when all economies reached a crisis point). So why is Sri Lanka getting a cut in credit rating due to world economic factors when we meet all our obligations?
http://www.bloomberg.com/apps/news?pid=20601068&sid=aQ.og10lV54Y
Gross domestic product expanded 6.3 percent from a year earlier, compared with 7 percent in the three months ended June 30, the statistics department said in Colombo today. Economists were expecting growth of 6.1 percent.
The country’s exports rose in October at half the average pace of the previous year as a recession in the U.S., Europe and Japan curbed demand for Dilmah-branded teas and other shipments. Overseas sales climbed 5.9 percent from a year earlier after declining 9.4 percent in September.
“Sri Lanka’s credit rating was cut to B, five levels below investment grade, by Standard & Poor’s yesterday on mounting public debt and political and security concerns.” - But actually our security concerns are reducing and our amount public debt has yet to change. I hope China is paying attention because she too is getting worked, but take heart my dear, for a certain payment of intrest matter will come to a fore if a certain payment of capital matter is not. The WTO should be in great consideration of this and that Zoerick is he not that red-headed man from the Federal Reserve that was present on 8/27? Ben Bernanke would know.
How is Austria doing and what about the UK
Dawn
Why does the headline say Sri Lanka Economic Growth Slows to 6.3% when actually its slowed on Exports, just as everyone else’s has? We are current on debt obligation. GDP has grown 6.3% (over expectations of 6.1) Everyone’s exports are low because of the Global Financial Crisis (did all get a credit rating cut?) Overseas sales have risen showing marked recovery after bottoming out 9.4% in September (when all economies reached a crisis point). So why is Sri Lanka getting a cut in credit rating due to world economic factors when we meet all our obligations?
http://www.bloomberg.com/apps/news?pid=20601068&sid=aQ.og10lV54Y
Gross domestic product expanded 6.3 percent from a year earlier, compared with 7 percent in the three months ended June 30, the statistics department said in Colombo today. Economists were expecting growth of 6.1 percent.
The country’s exports rose in October at half the average pace of the previous year as a recession in the U.S., Europe and Japan curbed demand for Dilmah-branded teas and other shipments. Overseas sales climbed 5.9 percent from a year earlier after declining 9.4 percent in September.
“Sri Lanka’s credit rating was cut to B, five levels below investment grade, by Standard & Poor’s yesterday on mounting public debt and political and security concerns.” - But actually our security concerns are reducing and our amount public debt has yet to change. I hope China is paying attention because she too is getting worked, but take heart my dear, for a certain payment of intrest matter will come to a fore if a certain payment of capital matter is not. The WTO should be in great consideration of this and that Zoerick is he not that red-headed man from the Federal Reserve that was present on 8/27? Ben Bernanke would know.
How is Austria doing and what about the UK
Dawn
