Love Forecast

Love Forecast – OECD raises global growth forecast due to Asia – Yahoo! News

OECD raises global growth forecast due to Asia – Yahoo! News

PARIS (Reuters) –
The global economy is recovering faster than expected from recession with Asia leading the way, but it is at risk from huge debts in developed countries and possible overheating in countries such as China, the OECD said on Wednesday.

In a twice-yearly report, the Paris-based Organization for Economic Co-operation and Development raised its forecast for global growth to 4.6 percent in 2010 and 4.5 percent in 2011. Last November it predicted growth of 3.4 percent this year and 3.7 percent in 2011, after a 0.9 percent contraction in 2009.

It was also far more optimistic about job markets globally, saying unemployment in its 31 member countries may have peaked at around 8.5 percent — much lower than its previous prediction of almost 10 percent.

The new forecasts are higher than the average annual rate of growth in the decade before the financial crisis that spilled out of the United States in 2007 — an average of 3.7 percent per annum over 1997-2006, according to OECD figures — but the OECD said the bounce was uneven and risk-prone.

The developed economies where the 2009 recession exacted the biggest toll were getting a lift from resurgent international trade, propelled primarily by export demand from rising economies in Asia, the OECD said.

It raised its forecast for U.S. growth this year and next to 3.2 percent each time, from 2.5 and 2.8 percent in its forecasts of last November.

It predicted Japanese growth of 3.0 percent in 2010 and 2.0 in 2011, up from 1.8 and 2.0 percent previously, and forecast the euro zone to lag with growth of 1.2 percent and 1.8 percent this year and next, still marginally more than forecasts of 0.9 and 1.7 percent last November.

The biggest challenge the advanced economies faced right now was cutting post-recession debts and containing financial market instability that had spread recently from Europe.

Fiscal consolidation is imperative for many countries. It is also to lay the groundwork for sustained growth in the longer term,” OECD Secretary General Angel Gurria said. “Getting the timing and sequencing right will prove enormously challenging everywhere.”

That challenge is about juggling austerity measures that may be vital but are also likely to hurt growth, while keeping sight of the need to wean economies off rock-bottom interest rates and government support put in place when many believed the downturn could degenerate into a second Great Depression.

After a debt crisis that spread from Greece to spark broader financial market turmoil over perceived debt default risks, the euro zone is accelerating austerity plans such as cuts in public wages and spending.

Recent weakening of the euro currency should offset some of the growth hit from austerity by lifting exports and the region should avoid a relapse into recession, OECD chief economist Pier Carlo Padoan said in an interview with Reuters.

BOOM-BUST

The OECD highlighted a very different threat to the emerging market economies such as China and India, saying:

“A boom-bust scenario cannot be ruled out, requiring a much stronger tightening of monetary policy in some non-OECD countries, including China and India, to counter inflationary pressures and reduce the risk of asset-price bubbles.”

In China, the OECD forecast economic growth of 11.1 percent this year and 9.7 percent in 2011, saying that there was a danger that measures to cool property markets and curb land prices would not see off the risk of overheating. Back in November, the OECD was forecasting Chinese growth of 10.2 percent in 2010 and 9.3 percent in 2011.

The report said it expected world trade to grow 10.6 percent in 2010 and 8.4 percent in 2011, after an 11 percent plunge in 2009 that was largely concentrated in the months following the demise of Wall Street banking giant Lehman Brothers.

“Strong growth in emerging-market economies is contributing significantly,” said the OECD, whose 31 member countries are mostly developed economies.

“The spillover from growth in non-OECD Asia could be stronger than expected, especially in the United States and Japan. From this point of view, the overall environment is relatively auspicious.” the Paris-based organization said.

The forecasts are marginally higher than the International Monetary Fund's predictions of 4.2 percent and 4.3 percent expansions in global gross domestic product this year and next.

DOLE QUEUES

The OECD said another 16 million people had lost their jobs across its 31 members in the two years to the end of the first quarter of 2010. Bad as that was, it appeared to be less severe than initially expected and the OECD-wide jobless rate may have peaked as just over 8.5 percent, it said.

The OECD said back in September it feared the jobless rate might run as high as 9.9 percent before any turnaround.

Debt and debt market instability was the most immediate of the two risks highlighted by the OECD, and European governments were being forced to “respond by the minute” with policies to calm market fears that things could spin out of control.

“It's not just a European story,” said Padoan.

Washington, London and Tokyo faced similar challenges after the recession, even if the euro zone had been forced to deal with the matter more urgently, Padoan said.

Central banks, which along with governments are waiting to see if they can remove the ultra-low interest rates and other support that helped engineer a recovery, can afford in most cases to hold off on policy interest rate rises for most if not all of this year in the major regions, the OECD said.

(Editing by Patrick Graham/Toby Chopra)

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That’s all the news for today guys, so until next time, thanks for stopping by.

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Neptune Governs the Soft, Dreamy, Intuitive And Artistic Constellation Of Pisces

Mystical and magical

Nebulous and changeable

I work my way up life’s rivers and seas

To my place at God’s own feet

I am PISCES, child of Neptune.

Characteristics For Those Born In March:

Important Note from Dr. Turi: Born and raised in Provence, France, I rekindled and exercise only Nostradamus’ 16th-century Divine Astrology method.

The planet Neptune and the sign of Pisces govern the month of March. You are a natural teacher, a philosopher and a perfectionist. You inherited a phenomenal intuition and you will exercise more intuition than logic in dealing with life in general. You are a gifted artist and you enjoy holistic endeavors. Many advanced Pisces are also involved in the medical profession and teaching. The young Pisces soul may also work in the construction fields. However Pisces must understand the importance of education if he is to use his full potential and teaching gifts. You are noted for your sensitivity, creativity, intuition and artistic values. Michelangelo Einstein and George Washington were also Pisces’ Suns and so is Dr. Turi. All used their creativity to the fullest. Your downfall is an over preoccupation with others, guilt feelings, addictions and a blind acceptance of religious dogmas.

Nevertheless, your good heart is not surpassed by any other sign of the zodiac and the advanced ones possess spiritual healing powers. Highly evolved people born in March will lead many lost souls out of the deep clouds of deception towards the true colors of love and cosmic consciousness. Your soul’s purpose is to swim upstream towards the ethereal light of oneness to find God. A young March spirit is deceiving, complaining and addicted to religious dogmas, cult endeavors, chemicals, drugs, and alcohol. Pisces is a karmic sign and has within itself the potential to reach immortality, fame and fortune through artistic or spiritual work.

In the medical aspect of Divine Astrology, Pisces rules the feet. It is important for you to walk barefoot on the grass or by the water to regenerate the body through the magnetic fields of the earth or the sea itself. Your intuition is remarkable and should be well heeded when confronted with serious decisions. A word of caution for Pisces: Do not swim downstream as your induced faith could take you to Neptune’s deepest quicksand with no option for return. David Koresh and the Rev. Jim Jones are good examples of Neptune’s deceiving religious Captains. Remember to respect the Universal Law (see Moon Power article on Enzine), as your awareness and Moon planning will become a major contribution to happiness and success. The location of your natal Dragons Head or Tail will seriously alter the strengths or weakness of Neptune in your chart.

2010 – Forecast For Those Born In March

On August 22nd 2009 the powerful Dragon’s Head moved into to sign of Capricorn in your 11th house (wishes and your friends) and will reside in this structural, career oriented political sign until March 4th 2011.

Personal: The Dragon’s Head will induce great opportunities to get involved with new groups and gain new friends as the old ones must be replaced. Be ready to restructure many of your wishes and to do lots of traveling with new groups. Those new friends still stimulate your desire to investigate the unknown or be part of a progressive movement that will benefit your spirit and the world furthering your wishes for great success. The Dragon’s Head will also induce study involving computers or a website endeavors including metaphysics. A new desire for mental exploration will become a way to explore your capabilities in servicing the world both spiritually and electronically. Many of you will consider creating a business (or a child) and you will attract great people or opportunities to do so because of those new acquaintances. On your wishes area, the Dragon’s Head creates a need for freedom and imposes fundamental changes leading you to travel both physically and spiritually. Matters involving friends, wishes, traveling to Europe/Japan health, education, electronics and the arts, including writing and publishing will become powerful driving forces.

With the Dragon’s Tail (tough) in Cancer in your 5th house (love/romance / children) be prepared to use your will and avoid disheartening thoughts when dealing with all the challenge ahead of you. If karmic this turmoil could induce mental stress even expression during the waning moons of January and July 2010. Once more based upon your natal Dragon’s Head and Tail in relationship to your natal Moon location and your karmic relationship with others, incredible time could be experienced during these upcoming lunation. Invest in your Personal Dragon Window dates to know more.

Be prepared to use your will and avoid disheartening thoughts when dealing with lovers and children and the failures of your past. You may not know it just yet, but many of your wishes can only be granted after the painful restructure. Do not let the nasty pull of the Dragon’s Tail in your love and children area get the best of your body and mind. You may be forced to lose or experience serious stress and karma with family members. The positive Dragon’s Head in Capricorn has a good plan for you and right on your wishes area the Dragon will induce a variety of positive circumstances with interesting people especially after any New Moons. Within the next few months or so, the fruits of many years of hard work will begin to pay off, but you might have to move and start fresh again. You must learn to face the world with a new positive attitude. Expect foreign business association, groups, contracts and traveling with new friends to bring you luck.

Providing you avoid nurturing pessimistic thoughts about your past or the family circle, a very progressive time is ahead of you. As a rule, those born in March strive for security and love in all aspects of their lives and this year you can do miracles. The Dragon’s Tail might induce stress at home or with love or the kids but it is needed. Those who do not deserve you will have to go. Neptune is your ruler and can be surprising in its rewards to you, especially if you are aware of the moon’s fluctuations. Your awareness of this Universal Law and planning accordingly will become a major contribution in reaching many of your dreams.

In 2010 the “Great Beneficial Jupiter (Luck / expansion / protection / traveling / foreigners / studying) will be cruising into the sign of Pisces from January 6th 2009 until January 18th, 2010 in your 1st house of (Self).

Jupiter expands all that he touches, so be ready to invest in highly advanced spiritual or Cosmic related material produced by influential foreigners. A word of caution, Jupiter (codification of thoughts) in Pisces steers Gurus that proclaims the “end of this world”. Thus stay away from all form of deceiving dogmatic teachings and don’t invest in foreign gurus teachings.

Avoid investing in the wrong education and deceptive organizations altering mankind’s Cosmic Consciousness growth. Indeed the worse form of expression produced by Neptune or a “Neptunian” portrays a cult leader, a deceiving psychic or a sinister person teaching evil material. Based upon sensitive information one can make a good assessment of what a cult leader or a con artist is all about. A strong and negative expression of the planet Neptune will plague the subject’s personality words, image and behavior in various ways.

Souls born in March are ready for new associations and great business deals with those born in July, January, November and September. Being at the right place at the right time has a lot to do with your progress in terms of opportunities. The knowledge found in Astro-Carto-Graphy would be a major contribution to your success (or your failure) in one of these new locations.

Important note: Depending on your rising sign or natal or hidden Dragon, 2010 may very well very interesting time for you where new friends will open interesting doors that will bring about many of your wishes and show your unselfish love. Good luck to all of those born in March.

2006

http://cosmiccode7.ning.com/
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Article Source:

http://EzineArticles.com/?expert=Dr._Louis_Turi

 

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