Keynesian economics (also called Keynesianism and Keynesian Theory) is a macroeconomic theory based on the     
ideas of 20th-century British economist John Maynard Keynes. Keynesian economics argues that private sector decisions     
sometimes lead to inefficient macroeconomic outcomes and therefore advocates active policy responses by the public     
sector, including monetary policy actions by the central bank and fiscal policy actions by the government to stabilize output     
over the business cycle (Wikipedia).     
According to the latest World Bank estimates, the global economy will decline this year by close to 3 percent, a significant     
revision from a previous estimate of 1.7 percent. Most developing country economies will contract this year and face     
increasingly bleak prospects unless the slump in their exports, remittances, and foreign direct investment is reversed by the     
end of 2010. "Although growth is expected to revive during the course of 2010, the pace of the recovery is uncertain and     
the poor in many developing countries will continue to be buffeted by the aftershocks," World Bank Group President Robert     
B. Zoellick     

MONTHLY ECONOMIC NEWS LETTER June 2009 - 0.3 Mb

Keynesian economics (also called Keynesianism and Keynesian Theory) is a macroeconomic theory based on the ideas of 20th-century British economist John Maynard Keynes. Keynesian economics argues that private sector decisions sometimes lead to inefficient

updated economic data and statistics - 0.7 Mb

updated economic data and statistics and June 2009