Issue 2003 July 12
Browse Articles
DEFLATION: Is the world economy sailing into unchartered territory?
Since the late 1970s, the defeat of inflation has been the number one priority of governments and reserve banks. Now that has radically changed.Recently, US Federal Reserve Chairman Alan Greenspan declared that the number one priority is to stop deflation. Two International Monetary Fund reports have also said that deflation was now the dominant problem facing the world economy. Germany has declared stopping…
AGRICULTURE: Factory closure linked to stalled sugar reforms
Last week the Industry Guidance Group (IGG) appointed by the Federal Government to recommend reform plans for the sugar industry was due to sign off on an agreed strategy.However, it is widely believed that a sizable number of the IGG have not signed off on the plan, as they believe it will be detrimental to the industry.The IGG is a 16-person committee made…
