November 3, 2011
Carrick: Greece plans referendum on sovereign debt while U.S. Fed revises growth forecast
Greek Prime Minister George Papandreou has promised a referendum on the subject of the European bailout package, but there are some among the international financial community who think these latest political maneuverings are all about gamesmanship, designed to wring better terms out of Germany and France.
Meanwhile, the U.S. Federal Reserve has revised its gross domestic product (GDP) growth forecast down to 1.7 per cent for 2011.
For more analysis on the sovereign debt crisis in Greece and economic data from the United States, please see Greeks are wary of fellow Europeans bearing gifts by Alex Carrick, chief economist, Reed Construction Data Canada.
In his latest blog post, Carrick notes that the people of Greece may take their chances outside the Euro, while the latest jobless figures from the U.S. are somewhat encouraging.
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| ALEX’S ECONOMICS BLOG |
Reed Construction Data Canada’s Chief Economist Alex Carrick discusses current developments in the North American economic environment with emphasis on the construction industry.
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