Top-10 Economic predictions for 2008 – Courtesy Global Insights – itsReal

Top-10 Economic Predictions for 2008….

From APLINK – Whilst China is mentioned sadly Global Insights is of the mindset that the economy is driven by the US, who agree’s with this, if you disagree

– Let me know why… add your comments below ?….is there room for a virtual economy ?

The U.S. economy is now in the danger zone. GDP growth in the fourth quarter of 2007 (0.0%) and first half of 2008 (0.8% in the first quarter and 1.8% in the second quarter) is expected to be very weak. This will make the United States extremely vulnerable to another shock. Furthermore, it is unlikely that the rest of the world will be able to shrug off the expected sharp deceleration in spending by American households. Global Insight currently predicts that world growth will be 3.3% in 2008, compared with 3.7% this year. With the potential for housing crunches in some European economies and a post-Olympics slowdown (or even bust) in China, the risks for the global economy are now overwhelmingly on the downside.

see all Top-10 Economic Predictions for 2008

From APLINK – Whilst China is mentioned sadly Global Insights is of the mindset that the economy is driven by the US, who agree’s with this, if you disagree

– Let me know why… add your comments below ?….is there room for a virtual economy ?

 

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32 Comments

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32 responses to “Top-10 Economic predictions for 2008 – Courtesy Global Insights – itsReal

  1. elliott

    yep. we’re doomed

  2. Mihir

    Hello, you all are forgetting India…

    According to the world bank classification, it is the fastest growing economies in the world. In maybe-2020, India will be the top most economy of the world…making England the 2nd…and USA the 3rd…

    thats the reality!

    • India’s GDP is much less than Canada’s with only about 4% of India’s population. India is growing but in order to overtake the USA economy in the next twelve years will take 1500% growth. And that’s supposing the USA has no growth over those years.

      Neither scenario is probable.

      Keep your day job Mihir and consider a field other than economics.

  3. There is an old express: When the U.S. Economy get a cold the rest of the world gets the flu.

    The impact of the credit crunch, mortgage failures has lasting rippling effects. Businesses are laying off, consumer bankruptcy is up, cost of living is up and the underpinnings of our economy are at a breaking point.

    People are worn out, tired of the corporate games, wall street influence and the citizens are wanting change. The virtual world shows clear signs of expression, creation and desire to create a new economy. Stay tuned as the convergence of technology and human interaction create a new era of economic exchange that defines a new economy.

  4. Earth Ling

    Mihir, let me guess, you are an Indian? What do you mean England will be the 2nd and the US the 3rd? Somehow England will leapfrog the US by 2020? India will not even be a developed country by 2020, much less the largest economy. It is a hell hole.

  5. RMC

    Depsite the living conditions in India, India and 3rd world countries will overtake US for sure. We rely too much for their production. China and India are going to be next heavy hitters for the economy because of their population, jobs and their consumption of raw goods.

  6. proud Indian

    Earth Ling

    let me guess , you must be chinese, it might be a hell hole for you Earthling, but India’s global influence and econimic power is growing rapidly. I dont know what will happens in 2020, but I do know one will be an idiot to assume India is a 3rd world. It doesnt matter what you think, its what actually is happening counts. And I can assure you India is happening. you better watch out.

  7. Hindustani

    India Is the best
    Fuck all the rest!

  8. Indians made Genesis (killed & kills) in millions of innocent Muslims since 1947. India has over 150 million of muslims looking for there own free country will be supported by all Pakistanis for Indian Muslims to accomplish there dream. Let India know, India will neither in piece nor have super economical country unless India let Muslims, Bangali, Hydrabadi, Sikhs, Kashmeris, other minorities let them go.

  9. Proud American

    America is the best! Fuck all the rest. Indians can kiss my ass. By the year 2020 we will be back on top of things. You have to be able to sell the product that you make, and it would be pretty easy to boycott all products made in India. If Americans don’t buy your product then it’s hard to be at the top. I am sick and tired of walking into gas stations and seeing your ugly mugs behind the counter. Your mom needs to shave that mustache off her face; and what is with the jewel between the eyes? Did you punch her in the face with a cheap ring made in India? You all need to go back to your country and stay there! We don’t want you here. “I say we take back our country and stop letting these dicks in here!” No more immigrants! Let’s take care of us, and let them take care of them!

  10. Shail

    Proud american. Sorry to say that you are a very ignorant person. Do you have any idea what will happen if all of us leave your country? Let me give you an idea.

    -12% of all scientists in USA are of Indian origin.
    -38% doctors in USA are of Indian origin.
    -36% of NASA scientists are of Indian origin.
    -34% of microsoft employees are of Indian origin.
    -28% of IBM employees are of Indian origin.
    – Four out of ten Silicon valley startups are run by Indians.

    If you are really as stupid as you sound, I will interpret the numbers above for you and put them in simple words:

    Without our scientists, your economy will die.
    Without our doctors, you will die.

    So shut up. You owe us your life. There is a 38% chance that the doctor that gave birth to you was an Indian.

    If you want to cross check the facts, be my guest.

    • Dyscrasite

      This may be a true statement but lets not forget where the education came from and the Theory proccessing was born.

      I have worked with several people from India and each was very bright but none was arrogant.

      As for the leaving our Country; well lets just say there are very intelligent people from all walks of life, it’s just that our Government has made it easier for Foreigners to get high paying jobs here; more so than it’s Citizens.

  11. Shail

    Proud american. Sorry to say that you are a very ignorant person. Do you have any idea what will happen if all of us leave your country? Let me give you an idea.

    -12% of all scientists in USA are of Indian origin.
    -38% doctors in USA are of Indian origin.
    -36% of NASA scientists are of Indian origin.
    -34% of microsoft employees are of Indian origin.
    -28% of IBM employees are of Indian origin.
    – Four out of ten Silicon valley startups are run by Indians.

    If you are really as stupid as you sound, I will interpret the numbers above for you and put them in simple words:

    Without our scientists, your economy will die.
    Without our doctors, you will die.

    So shut up. You owe us your life. There is a 38% chance that the doctor that gave birth to you was an Indian.

    If you want to cross check the facts, be my guest.

    You can leave me a comment at feedbacks@shail.biz

  12. Shail

    Other facts that all of you people who doubt India’s capabilities should know:

    -India’s population is usually criticized and blamed for its poverty. But India’s population is going to be the biggest factor in its comeback:

    India has a population of 1.147 billion. Out of the 1.147 bil, 540 million people are below the age of 25 years. Which means that India has 540 million young, energetic people. 540 million people that are ambitious, hungry for more, and ready to take over the world. This may sound far fetched to you. But we will see who has the last laugh.

    -India is generally considered a poor country. I laugh whenever I hear that. Go to forbes.com and check the list of the worlds richest people. Out of the 10 richest people in the world, 4 are Indian. Only 2 are American.

    -India’s 40 richest people have a combined net worth greater than China’s 400 richest people.

    -The worlds second most expensive home has an asking price of approximately 200 million dollars. It is in USA. The owners have been trying to sell it for 3 years now. The worlds most expensive home was recently created by Indian billionaire Mukesh Ambani in Mumbai at a price of 2 billion dollars.

    -India has been the second fastest growing country for the past half decade. India is behind China in terms of economic growth but consider the fact that India is a democracy. China is not.In fact, India is the largest democracy in the world. This is what will give India an edge over China in the future.

    -A funny fact. A lot of people in USA criticize the outsourcing that is done to India. When Americans dial 1-800, the call usually picked up by someone in India. Americans say that the people on the other end of the line are usually stupid. But get this. I have friends who have worked in call centers. This is what they are taught during training for their job: 12=22. ie. the IQ of a 12 year old Indian is equal to the IQ of a 22 year old american. This is what I think. The americans think indian call center representatives are stupid only because they are not completely apt at understanding american accent english. This creates a lot of misunderstanding. I am a student studying in Rochester, NY. I know Indian people and I know American people too. In India, I my intelligence level was considered average. Here in USA, I can do calculations and solve problems in my mind in half the time that it takes most American students to do them with a calculator. My teachers preach me.

    My last two favorite facts:

    -We have achieved all of these things in 61 years. (India gained independence in 1947)

    -Alexander the great conquered half the world and never lost a battle. Then he came to India. About 2 months later, He headed back to Macedonia after losing most of his army. he decided never to attack another country again.

    If you find any discrepencies in any of the facts above, (which I know you will not be able to) send me an email at feedbacks@shail.biz

  13. Shail

    By the way Mr. Proud American, you rely on imports more than you think. Did you know how much of a deficit USA has accumulated? Since you are dumb, the definition of deficit includes the difference between net imports and net exports of a country. I’ll let you find this one out for yourself.
    Now you know that actually, you do rely on Indian exports.

    Also, since you are at it, lookup how much money USA owes to India and China. You thought that USA lends money to India didnt you?

  14. Shail

    Another quick note for Proud american:

    This is what Einstein has to say about India:
    “We owe a lot to the Indians, who taught us how to count, without which no worthwhile scientific discovery could have been made.”

    You know that the whole American continent was discovered by mistake when Columbus went out in search of India right? you cannot possibly be all that stupid.

  15. Kim

    Every one is suffering in this economic crisis whether you be American, India or Chinese and so on. What is the back lash of discrimination has nothing to do with what is going on here. The whole of the economy is going down in the hell hole. Everyone alike is losing jobs, their homes, their lives that people tried to built hard for. As for the Americans Shail makes a point America was built off immigrants back if you read your history properly. By the way I am proud to say I am Canadian but I am originally a immigrant of Vietnam. Nobody can say they are straight anything everyone has some mix along the lines in their ancestory.

    Every one is in dire straights one form or another the and every country around the world is being hit not just the Americans. Whether your country wants to help stimulate the economy is a different matter. Foreclosure is up, housing sales are down, unemployment rates are through the roof, wall street and stocks are down the crapper, banks refuse to lend money and companies and people alike are going bankrupct. All around it looks bleak and history is repeating itself and it all stems from greed. No one seems to have learned about the past mistakes and we continue to make them. Prediction wise is if they don’t smarten up and learn the economy will continue to slide. The only bright side is what goes up must come down and once they hit the bottom of the barrel there is no where to go but up. Well the economy hasn’t hit the bottom barrel yet and will continue a downword spiral into the end of this year.

  16. Another Earthling. (Aki)

    I am a proud Indian too, but I don’t believe in all these blame games. We are not having a competition here to find out which is the best country. This is the time to help each other out and make sure our children have a better future. So, lets all hope for the best and start contributing towards a common goal.

  17. Amar Barot

    Yes, I agree with Shail. India is a powerhouse filled with potential. There is indeed no force that can stop it from becoming a superpower.

  18. dan

    I think its so funny when immigrants come to our country and wave their flag and tell everyone how great their country is……but wait a sec….theres a reason you ppl came to this country. YOUR country is a dump and has absolutely no employment oppertuntities, and looking at the millions of homeless ppl in India I’d say your government could care less about its own ppl. If you live in USA or Canada then you wave that flag because those are the countries that gave you a chance to become someone. Atleast here in Canada you dont have to worry about being beheaded or being blown up by a suicide bomber.

  19. dan

    Oh and one more thing…..your belief in a false religion is why your ppl are so screwed up. India will never become a superpower because they live their lives based on a religion that doesnt even exist. If you dont believe in Darwins theory of evolution then your not intelligent its as simple as that.

  20. Amar Barot

    well lol. Look who is talking. A canadian…. The country who’s 90% population believes in Christ.
    Darwin’s theory of evolution…….Any takers?? Canadians?

  21. Amar Barot

    Oh and Dan, what makes you think that any of these people are writing these posts from your country???
    Canada- The land of opportunity. My a#@.

  22. Amar Barot

    The B.R.I.C countries are the new land of opportunity.

    Brazil, Russia, India and China

  23. dan

    hahahaah Russia yea that country is doing great! hahahaha u fuckin idiot…and 90% and canadians believe in christ? Where r u gettin these statistics please post the link. Sorry man u can believe some eight armed god in the sky thats invisable and i’ll believe science which is fact dumbass. Religion is just a way to control stupid ppl like you. I bet you dont live in your home country right Amar? I wonder why that is hmmmm. Just because India will have the highest population doesnt mean they will become a superpower.

  24. Amar Barot

    Actually Dan, I do live in my own country. I think that the guy shail has given enough reasons for why India is going to be a superpower. There is a saying in India. Laaton ke bhut baaton se nahi maante.

    You can chose to ignore the fact that countries besides USA are gaining power. But please, don’t be a sore loser when USA is no longer the most powerful country in the world.

  25. Your RSS feed is only working half the time, i’m on a macbook running netnewswire if that helps

  26. toto

    Guys, you stupid fools! The chinese Ling made you to fight and mock each other whilst they laugh. India and USA must unite, as they are already doing. Dont fight one another and insult. That is not of God. USA think of the opportunity to convert the lost Indian people to believe in Jesus, and India and USA united would upset the current and future world economies….by a large scale…so you fools think b4 you bite the hand that feeds you.

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