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The Asian Development Bank (Asian Development Bank / ADB) predicts economic growth in East Asian countries will decline this year and 2012.

This happens when the financial authorities in these countries continue to try to control inflation and economically advanced countries seek to bolster economic recovery is weak.

Based on the Asia Economic Monitor report from the Asian Development Bank (ADB), published Thursday in July (07/28/2011), expected growth in Gross Domestic Product (GDP) in developing countries in East Asia will grow by 7.9 percent in the aggregate in 2011 and 7.7 percent in 2012. Meanwhile, in 2010 the aggregate GDP growth reached 9.3 percent.

“Economic growth will decline in most East Asian countries emerging as authorities in these countries are slowly reducing efforts to tighten fiscal and monetary stimulus to face rising inflation,” said Head of ADB’s Office of Regional Economic Integration Iwan Jaya Azis.

Iwan added, it is actually good that the economy in these countries are more powerful as the People’s Republic of China is not too warm (overheat).

In this report analyzes the economic growth forecasts from the 10 ASEAN members, PRC, Hong Kong-China, Republic of Korea and Taipei, China. Economic growth in China declined slightly to 9.5 percent in the second quarter of 2011 after growing 9.7 percent in the first quarter.

Weak economies outside of China and monetary tightening is expected to reduce China’s growth to a sustainable level of 9.6 percent for the year 2011 and 9.2 percent in 2012. The economy in the new industrial area such as Hong Kong-China, Republic of Korea and Taipei, China is highly dependent on trade is also expected to re-grow at a more sustainable due to weaker external environment resulting drop in exports.

ADB cuts Asia growth

Asian Development Bank (The Asian Development Bank / ADB) states, developing countries in Asia should move more quickly to minimize the negative impact of slowing world economic growth.

In a recent report released yesterday, ADB lowers growth forecast East Asia next year due to the impact of the euro zone debt crisis that threatens the global economy.

Financial institution based in Manila, the Philippines, these cut the growth in gross domestic product (GDP) next year dropped to 7.2 percent from 7.5 percent previously to 10 ASEAN (the Association of South East Asian Nations) including China, Hong Kong , South Korea, and Taiwan.

ADB officials said the circumstances facing Europe and the United States (U.S.) has the potential to reduce economic growth by 1.2 percent to 4.2 percent for East Asia region including Japan. In fact, the forecast growth in the region previously predicted 5.4 percent.

According to the ADB, the projected decline in growth was mainly due to weak external demand, as well as European debt problems. Many people assessing the crisis in Europe could be a massive financial crisis and the effect on the global economy.

“The worst scenario is the U.S. and the euro zone fell back into a recession that pushed the global economy mired deeper and deeper,” the ADB report said East Asia. ADB states, with movement of the crisis was still in Europe, believed to prospects of economic growth for East Asia including Japan have declined from last September forecast.

According to the ADB, the global economic recovery could be hampered if the euro zone and the U.S. fell back into a recession that caused the global financial crisis to another. Based on ADB’s projections, the economy in the United States (U.S.) and Europe respectively only 2.1 percent and 0.5 percent next year. China’s economy predicted to grow by 8.8 percent in 2012.

Economic growth in the ASEAN region is also much slower than previous estimates. Indonesia’s economic growth is projected to grow only 6.5 percent in 2012. Indonesia’s economy has the potential to slow to 5.5 percent if Europe and the U.S. really in a recession. While Thailand and Japan each only able to grow by 4.5 percent and 2.5 percent next year.

ADB report also stressed yesterday that policy makers respond with decisive and collective efforts in stemming the crisis. In addition, the ADB also warned of downside risks such as protectionism and the instability of capital flows and inflation.

However, the problem of inflation likely ruled out because it was considered to have peaked in most economies without predicting a recession in the region.

Meanwhile, the euro zone if the problem turns into a massive crisis for the global economy, the impact on East Asia will become serious. However, the effect could be addressed if governments to act decisively.

“East Asia must be prepared for a prolonged crisis and slowing pascapemulihan crisis by implementing a long-term structural reforms,” ??the report said.

According to the ADB, one of the ways you can do is remain consistent in managing government spending to help maintain the growth momentum. As for central banks, each country must quickly manage its monetary policy tools to maintain inflation.

Meanwhile, the International Monetary Fund (International Monetary Fund / IMF) has predicted that Indonesia’s economy could only grow in the range of 6.3 percent next year. This prediction is below the government set a target of economic growth target of 6.5 percent.

IMF chief representative in Indonesia Milan Zavadjil say, the high level of consumption is still the backbone of Indonesian economy. Finance Minister Agus Martowardojo said the negative impact of the crisis makes the demand and consumption decline. According to him, the world economy is still haunted by the financial crisis in developed countries.

“High public debt they complicate public spending, the decline in consumption, and investment the state will affect consumption, as well as global investment,” said Finance Minister

Indonesia, represented by the Minister of Trade Mari Elka Pangestu, opened the Regional Review Meeting on Aid for Trade to study a more open trade and economic growth in Asia Pacific.

“Aid for Trade Forum aims to help developing countries such as Laos, Myanmar and Cambodia which incidentally is still experiencing economic backwardness in Asia Pacific,” said Minister of Trade Mari Elka Pangestu told a news conference at the Hotel Shangri-La, Jakarta, Tuesday (14 / 6 / 2011).

The program is supported by donor agencies Asian Development Bank (ADB). He said the ADB has consistently provided assistance for the development and economic growth in Asia Pacific in general.

“In Indonesia, ADB has consistently provided assistance to an average per year to reach $ 1 billion per year that could shape the form of grants or loans,” he said.

“Like our manufacturing products, that’s if you want to export to Europe where it has always disputed the wood, the process is how, sustainable baseball. So also with our oil and marine products. It is also to be taken into consideration for the ADB to determine the form of loans,” he said.

For information, the results of the Aid For Trade will be carried in The Third Global Review of Aid for Trade which will be held on 18-19 July in Geneva, Switzerland. Today’s meeting itself was attended by Minister of Trade and Industry, Singapore, Laos Vice Minister of Commerce, Ministry of Commerce of Cambodia, Vietnam and Myanmar Minister for Commerce. In addition, there are sixteen international organizations from countries around the world, financial institutions and international trade

The fall in Euribor is still the same for the millions of Spanish people who face a monthly mortgage payment. The index itself is the same for everyone, but the consequences of not falling. Were many who, after years of high euribor in crisis, waiting as rain in May the reduction of his mortgage. And yes, it has come, but not at the expected rate for those with a ‘ground clause. ”

Reported ad nauseam by consumer organizations and users, the ‘ground provisions’ are a condition imposed by lenders to guarantee the payment of a minimum interest. That is, the euribor can lower and lower, but never pay the mortgage below the cap established by contract. What if the Euribor up? That the amount payable will be proportional to this increase, even if such reference is raised to infinity. There is no cap on the upside.

“END TO THE ‘TERMS LAND’? Read the rest of this entry »

Buy a house, change cars or study a master are three very common cases for which you need to borrow. Depending on the purpose, will have to decide between a mortgage and a consumer. The main differences will focus on the term and interest rate.

Borrowing money in times of financial crisis is more than complicated. But take heart, with patience and a solid economic situation can be achieved. But remember to escape the financial, as they charge very high interest rates.

If we want to get a mortgage to buy a home or switch to a larger one you have two options: sign a new loan or subrogation.

If we opt for a new loan must be aware that the financial crisis are over 100% mortgages, so the bank or just want us to fund 80%. That is, if the house costs 200,000 can only borrow money for 160,000 euro and pricing to match the purchase price. Read the rest of this entry »

The concept of leasing business should be understood in the following sense:

This is a contract in which the tenant receives also the place where you develop your business, the business or industry established in the same, so that the contract is not limited to leasehold, but extend the contract including equity unit with its own life and likely to be immediately exploited, or actually entering the operating conditions of administrative formalities, (Directorate General of Taxes in consultation dated April 5, 1999). The lease or sublease of business should be designed in addition to local, defined as surface or “habitat” necessary to carry out the activity, necessary elements for the same, ie the elements that provide the fundamental property rental business must be a autonomous economic entity.

Additionally, the Directorate General of Taxes in consultation dated March 25, 1999 means that there is a business lease the landlord has had to exploit the same before:

“Lease is deemed to exist when the tenant business also receives the premises, business or industry therein, so that the contract is not only the goods listed in the same, but a unity heritage alive own and likely to be immediately exploited or waiting to be mere administrative formalities. This implies the existence of a company or business being carried on by the landlord prior to lease