Britain sinks below Nigeria in financial stability ratings

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
09/10/2009 18:27

The UK has been hit so hard by the recession it now sits below developing countries Nigeria and Panama in the financial stability rankings, says a report by the World Economic Forum today.

Out of 55 global economies, the UK ranks 37th for financial stability, just above the US at 38th, according to the Forum's second annual Financial Development Report.

Kevin Steinberg, chief operating officer at the World Economic Forum, warns stability is the key issue, not overall scores:

"The United Kingdom and US may still show leadership in the rankings, but their significant drops in score show increasing weakness and imply their leadership may be in jeopardy."

Germany and France suffered a heavy fall in overall scores that pulled them out of the top 10.

Both countries slumped in the rankings, but held fast in terms of financial stability, achieving scores significantly higher than the UK and US, the report says.

elko2



Joined: 24/07/2007
Posts: 4400

Message Posted:
09/10/2009 19:00

Where does that leave TRNC?

ismet

Troodo


Joined: 12/06/2008
Posts: 1002

Message Posted:
09/10/2009 19:21

What about Turkey?

Troodo


Joined: 12/06/2008
Posts: 1002

Message Posted:
10/10/2009 10:34

Any answers?

DutchCrusader



Joined: 19/05/2008
Posts: 11281

Message Posted:
10/10/2009 10:39

All interesting figures here: http://www.weforum.org/en/index.htm

malsancak


Joined: 23/08/2009
Posts: 2874

Message Posted:
10/10/2009 13:58

Where on earth did you find that information? I went to the link and loaded the "full rankings pdf" and looked at the table with UK at the top in 1st place!!! Seems like one person saying one thing while the official statistics says something totally different.

Mal

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
10/10/2009 14:08

Google the title of the thread and you will see.

malsancak


Joined: 23/08/2009
Posts: 2874

Message Posted:
10/10/2009 14:43

It appears that only a few websites are carrying the so called report which I can't find on the http://www.weforum.org website tey say it came from but I can find this report on the same site which shows that the UK is top and Turkey, for example, is 44th http://www.weforum.org/pdf/FinancialDevelopmentReport/Rankings2009.pdf

Mal

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
10/10/2009 14:58

malsancak. Here is the link - http://www.ifaonline.co.uk/ifaonline/news/1558063/britain-sinks-nigeria-financial-stability-ratings

malsancak


Joined: 23/08/2009
Posts: 2874

Message Posted:
10/10/2009 16:57

The link opens for me but if you go to http://www.weforum.org/en/index.htm and click on "full rankings pdf" you will get the chart quoted on the post. We're probably both right but I was unable to find the article's source. What I am saying is that the article makes a statement without saying EXACTLY where to find the information that backs it up. I went to the http://www.weforum.org website to see how Turkey did in the report and was stunned when the only chart I found contradicted the article shown in the other post. It is not your fault No1Doyen it is whoever put the article together. It's just that there is a lot of propaganda out there and I like to check things out and point out if things don't look right.

Mal