External and internal shocks serious setbacks to economic growth July 2012 IMPERATIVES FOR ECONOMIC DEVELOPMENT Economic growth is likely to fall to below 2 per cent this year as external and internal shocks are serious setbacks to the country’s economic growth. The Central Bank has not revised its economic growth forecast for the year‚ but current conditions suggest that economic growth would slip from 1.7 to 1.3 per cent that it estimated earlier this year to even below 1.5 per cent‚ if global
Premium Economics Inflation Monetary policy
Information: ECT‚ previously known as shock therapy‚ is a method for treating certain mental or emotional conditions by stimulating the brain electrically in order to produce a cerebral seizure. The procedure is carried out by doctors and nurses while the patient is fully asleep under general anesthesia. Description of the Procedure: While the patient is laying on a stretcher‚ a needle is placed in a vein and an anesthetic medication is injected. After the patient is asleep‚ a muscle relaxing medication
Premium Medicine Health care Myocardial infarction
IMPACTS OF MONETARY POLICY SHOCKS ON THE DOMESTIC AND FOREIGN BANKS IN MALAYSIA Salina Hj Kassim Turkhan Ali Abdul Manap Department of Economics Kulliyyah of Economics and Management Sciences International Islamic University Malaysia Jalan Gombak 53100 Kuala Lumpur ABSTRACT This study investigates the impact of monetary policy shocks on bank loans extended by local banks and foreign banks in Malaysia over the period from January 1991 to December 2006. It adopts the impulse response
Premium Bank
As my interviewee for the SIS #2 assignment I chose KBTU student Meruert Telman‚ who spent one academic year in USA through the FLEX exchange program. I chose her because‚ firstly‚ she is a friend of mine‚ so I could expect her to be honest and give detailed answers to my questions‚ and‚ secondly‚ her perception of the world is somewhat different from other people‚ maybe because she is partly German and it given her an opportunity to consider all cultures critically and from the perspective of another
Premium Culture
Electroconvulsive therapy‚ also known as ECT‚ is a type of psychiatric shock therapy. ECT involves the induction of a seizure in a patient by passing electricity through the brain. In the 1930s‚ Ugo Cerletti‚ the Italian psychiatrist‚ came up with the idea for treating human beings with Electroconvulsive therapy. He was observing the barbaric act of slaughterhouse hogs being electrocuted into unconsciousness so that it was easier for workers to slit their throats. He then thought that it could also
Premium Electroconvulsive therapy Seizure
CHAPTER ONE 1.1 BACKGROUND OF THE STUDY Oil price shocks poses a great challenge to policymakers and economist across countries‚ in terms of the increasing spate of fluctuations in oil prices‚ following the two oil price shocks in 1973 and 1979‚ which prompted a decline in the economic activities of major exporting countries. As a result several attentions have been made to study the relationship between oil price shocks‚ stock returns and other macroeconomic variables. Sadorsky (1996) explained
Premium Inflation
traumas‚ were never able to return to the battle field. Experts were desperate to find a cure‚ but the regeneration hospitals remained unsuccessful during the war. Many of the soldiers‚ who suffered from shell shock‚ were haunted by the cruel memories for a lifetime. The text‚ “Shell Shock during World War One” is an article published by BBC-history in 2011. The author of the text is Professor Joana Bourke. The intended audience is perhaps those‚ who are generally interested
Premium World War II World War I United Kingdom
Analysis of Milgram’s study Milgram’s results were shocking to say the least (no pun intended). Why would average‚ everyday people agree to administer extreme electric shock to an innocent middle-aged man? Were the participants sadists (people who enjoy giving others pain)? Did Milgram manage somehow to recruit only “crazy participants”? The answer to these questions is of course “No.” The participants were indeed average people who came from all walks of life. They were young‚ old‚ rich‚ poor
Premium Stanford prison experiment Psychology Milgram experiment
Do Endogenous or Exogenous Shocks Have the Greater Impact on Economic Output The UK is an open economy meaning that a high percentage of our national income and output comes from trading with the rest of the world; we are highly integrated within the global economy. Endogenous models explain cyclical fluctuations in terms of internal events or policies i.e. changes which lie within the economic system; For example: if the economy is already near full employment (at Yf)‚ with only a small output
Premium Supply and demand Economics Inflation
everyday and historical use. These undervalued technologies have become hugely important throughout their existence in places like the Third World and have become overshadowed by novelty inventions like the V-2 rocket or the Concorde jet. In The Shock of the Old: Technology and Global History Since 1900 written by David Edgerton‚ a well-known and leading British historian that has challenged conventional analyses of technology for over twenty years‚ offers an alternative way of understanding technology
Premium Innovation World War II Third World