Time Magazine logo Time Magazine 1 month ago

Is Manufacturing Overcapacity a Threat to the Global Recovery?

A worker sits on steel wire coils at a steel market in China's Shanxi province on May 14, 2009

The half-decade before the financial crisis was a go-go time for the global economy. Consumption reached unprecedented heights; so did oil prices and shipping rates. And that frantic buying and selling was a boon for manufacturing. Full Article at Time Magazine

Related Topics:

  1. FTSE
  2. World Bank
  3. Organization for Economic Cooperation and Development

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Related Quotes

  1. The best way of reducing excess capacity is by not prematurely unwinding stimulus spending
    – Justin Lin SOURCE: Time Magazine 1 month ago
  2. What was so scary about the recession were the unprecedented output gaps that conjured up images of endless industrial slack and competition so fierce that no one could ever hope to raise their prices again ... What's happened now, however, is almost as stunning... pricing power is starting to return fa...
    SOURCE: Time Magazine 1 month ago
  3. I think we could be back in positive territory by next month
    SOURCE: AllAfrica.com 1 month ago
  4. What it comes down to is how much of this recovery is going to be sustainable. I'm not a believer yet that this is a robust economy. This is going to be a very frustratingly weak growth period
    SOURCE: International Business Times 1 month ago
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  1. A woman shops at a bazaar in Putrajaya outside Kuala Lumpur November 21, 2009.
  2. ST ANDREWS, SCOTLAND - NOVEMBER 07: Christine Lagarde French Finance Minister, talks with the media at the end of the G20 finace ministers meeting on November 7, 2009 in St Andrews, Scotland.
  3. ST ANDREWS, SCOTLAND - NOVEMBER 06: Martín Redrado, Governor of the Central Bank of Argentina, arrives to attend the G20 Finance Ministers meeting at a hotel in St. Andrews, on November 6, 2009 in St Andrews, Scotland.
  4. NEW YORK - NOVEMBER 05: Traders work on the floor of the New York Stock Exchange moments before the closing bell on November 5, 2009 in New York City.
  5. Swiss security experts leave the garage of film director Roman Polanski's chalet in Gstaad, Switzerland, Saturday, Nov. 28, 2009.
  6. NEW YORK - NOVEMBER 26: People deflate the Kermit the Frog balloon after completing the route of the 83rd annual Macy's Thanksgiving Day parade on the Streets of Manhattan on November 26, 2009 in New York City.
  7. NEW YORK - NOVEMBER 26: The Spongebob Squarepants balloon during the 83rd Annual Macy's Thanksgiving Day Parade on November 26, 2009 in New York, New York. Thanksgiving Day is celebrated in Canada and the United States and traditionally it is a time to give thanks for the harvest.
  8. LONDON, ENGLAND - NOVEMBER 26: Former British Ambassador to the United States, Sir Christopher Meyer leaves after the third day of the Iraq enquiry at the Queen Elizabeth II conference centre on November 26, 2009 in London, England.

Cast of Characters

  1. International Monetary Fund International Monetary Fund
  2. FTSE
  3. World Bank World Bank
  4. Organization for Economic Cooperation and Development
  5. Commerzbank Commerzbank
  6. Bank of Ireland