ECONOMY AFFAIRS JUNE 2009

ECONOMY AFFAIRS JUNE 2009

• The largest automobile manufacturer, General Motors filed for bankruptcy court protection.
• Indian Economy has, for the first time after 32 years touched negative inflation of -1.6 at the end of the week on June 6th.
• According to Hong Kong’s Political and Economic Risk Consultancy, Singapore bureaucracy is the best in Asia followed by Hong Kong, Thailand and South Korea.
• The US Census Bureau has said that India's older population is projected to quadruple by 2050 while that of the world is expected to triple.
  In its latest report, the Census Bureau said the world's 65-and-older population is projected to increase from 516 million in 2009 to 1.53 billion in 2050. The older population of the US is projected to double by that time.