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Another is that officials worried about excessive financial tightening after Bernanke's mention in May of a possible taper, jeopardising the economy's gradual recovery.
The global outlook had weakened over the last six months, made worse by China's slowdown, lower commodity prices and the prospect of financial tightening for many countries, she said.
During the retrenchment phase, CAPEX reductions can effectively lessen financial tightening, and during the stabilization phase, CAPEX increases rejuvenate assets' productivity (Schendel et al. 1976).
The center's researchers said the financial tightening policies had successfully prevented excessively fast growth and a rebound in inflation.
"Emerging markets must prepare for the adverse domestic stability implications of global financial tightening," the IMF says.
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Especially in times of fiscal and financial belt tightening, where direct funding is almost impossible, the restoration of abandoned mines becomes a difficult task and, consequently, prioritization of the restoration projects is necessitated.
But with global financial conditions tightening, this release says 'more data needed' before drawing any firm conclusions about any shift in Fed policy.
The Greek economy averaged growth of about 4% per year between 2003 and 2007, but the economy went into recession in 2009 as a result of the world financial crisis, tightening credit conditions, and Athens' failure to address a growing budget deficit.
Dimon has been a vocal critic of Dodd-Frank, the act brought in after the last financial crisis to tighten financial regulation and oversight.
When financial conditions tighten, investors are sure to become more discriminating.
By 1972, the year Access was launched, another financial milestone tightened the plastic grip on the population's bank accounts.
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