 Wysłany: Sob 8:06, 05 Mar 2011 Temat postu: Inflation Squeezes Vietnamese Workers |
|
| Inflation Squeezes Vietnamese Workers,onitsuka tiger
Vietnam recently devalued its currency, the dong,ghd purple indulgence, by 9.3 percent against the dollar. Analysts say soaring inflation here makes life harder for many Vietnamese workers.Consumer prices in Vietnam this January were more than 12 percent higher than they were a year ago, reflecting rising costs of food, fuel and household goods.High inflation is putting pressure on workers. Nguyen Huy Thinh drives a bus in downtown Hanoi. He says he has trouble getting by on his $250 monthly salary. He says that while prices for gasoline and electricity are increasing,Asics Gel Kinsei 2, his salary stays the same. That makes it hard to support his family. Despite a decade of strong growth,nike air max 24/7 shoes, Vietnam had a $12.4 billion trade deficit last year, and inflation surpassed 11 percent for the year,Jordan Comfort Max 12, despite the government’s attempt to limit it to 8 percent.To contain inflation and cut the trade deficit,asics mexico, Vietnam devalued its currency,ghd straightener, the dong,asics tiger, by 9.3 percent against the dollar earlier this month. The devaluation was the fourth since 2009. Both Moody's Investors Service and Standard & Poor's downgraded Vietnam’s sovereign debt rating in December after state-owned shipbuilding conglomerate Vinashin defaulted on payment for a $600 million.Having a lower rating makes it harder for Vietnam to borrow money abroad. Adam McCarty is the chief economist for the consulting firm Mekong Economics, in Vietnam. He says the economy is not in crisis, but inflation is taking a toll on average workers."Normally poorer-than-average people on salaries or pensions are the ones who lose when inflation is high, and then more broadly,asics onitsuka tiger, the pace of generating new jobs slows down somewhat if the economy’s got trouble,air jordan heels sale," McCarty said. McCarty said inflation also makes it harder for middle-class Vietnamese to buy property.Some financial market analysts praise Vietnam for devaluing the dong, saying the new value better reflects prices on the black market, where traders exchange dong for gold and dollars. But other economists have warned that the government may need to do more to cap inflation and protect the economy. Beautiful and stylish Air Jordan Heels Boots for Women,ghd hair straighteners! Imagining that you walk on the street and wear a pair of Jordan High Heels Boots ,Jordan CMFT Max Air 12 Leather,both fashionable and comforbable,which will make you become the focus in the treet.Combining the lady’s high heels grace and the greatest Jordan shoes classics,the Jordan High Heels boot is definitely your good choice.The whole design of this Jordan Women Boots is simple yet fashion.They can be easy to match with your dresses which will eliminate your worries about the wearing and matching problems. 相关的主题文章： 2010全国70大中城市新建住宅平均涨幅13.67% |
|
