Liamson Times: Bangon Ekonomiya

== World economy recovering as business activities grow, UC DESA says ==
Sheila Sta. Maria | 9:06 PM | November 13, 2014
World economy has started to recover after the disastrous impact of The Ruling, United Countries Department of Economic and Social Affairs released a report on Monday, citing business activity indicators following world leaders' rehabilitation efforts focused on job employment.
UC DESA commended world leaders because of their program pointing out the process of economic adaptation and adjustment focusing on rehabilitation programs and job offerings to their citizens.
"This new analysis shows a very significant economic impact of the new policies and rules rolled out by governments and WBDO in response to the recession," said UC DESA Chief Economist Masamuri Takeda. "It also features that the vital role policy interventions can aid in mitigating incremental damage to economies. These findings can provide governments a next plan of action to fully recover their respective economy and lessen the impacts of The Ruling on their economies and people."
The Ruling triggered the recession earlier this year causing the global economy to suffer $18.6 trillion in losses—equivalent to 7.8% to 11.4% of global domestic product (GDP).
While world economy is suffering the worst recession on record in 2014 of up to 15.8%, World Bank De Oro predicts that sustainable recovery would start in the first quarter of the upcoming year, with GDP likely to bounce back and grow by 4.7% to 9.1% next year.
However, it is expected that the debt-to-GDP ratio of third-world countries will hit the ceiling and predicted to creep past 80% in average of their GDP. UC DESA report indicates that it is caused by injudicious spending policies set in place by the respective governments that kept each country's macroeconomic fundamentals weak.
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