Saul Eslake Economic Analysis – December 2008

The global financial crisis which began with the sub-prime mortgage market meltdown in July 2007 took a much more ominous turn following the US Treasury’s decision to allow Lehman Brothers to fail in mid-September, the subsequent decisions to take AIG, Fannie Mae and Freddie Mac into ‘conservatorship’ and the failure of Washington Mutual. These events […]

Presentation on IT Outlook Trends – OECD December 2008

Presentation on IT Outlook Trends OECD December 2008 Global overview: ICT supply side Growth dropped, Q3-Q4 financial markets meltdown and OECD area recession. Grew in all segments in 2008 due to Q1-Q3 growth. Outlook negative for 2009 Turbulence linked with OECD area recession: IT investment is highly cyclical (‘accelerator effect’), consumption hit by ‘wealth effect’, […]