From The Sip Trunking Experts

TMCNet:  Investors say U.S. fiscal woes pose biggest risk to global economy

[January 23, 2013]

Investors say U.S. fiscal woes pose biggest risk to global economy

WASHINGTON, Jan 23, 2013 (Los Angeles Times - McClatchy-Tribune Information Services via COMTEX) -- Investors around the world say the fiscal woes of the U.S. -- highlighted by the ongoing fight over the debt limit -- pose the biggest risk to the global economy this year, according to poll results released Wednesday.

More than a third of the respondents in the Bloomberg Global Poll -- 36% -- said the troubles in Washington addressing the huge U.S. budget deficit were their biggest concern. That topped the European debt crisis at 29% and the slowing of China's economy at 15%.

Although the poll found the divisive political atmosphere was chilling investment in the U.S., the nation still easily ranked first as the best place to invest this year.

The U.S. was chosen by 38% of the 921 randomly selected investors, who could chose one or two markets as providing the best opportunities, with China at 31% and the European Union at 22%.

The likely reason: A majority of investors -- 53% -- said the U.S. economy was improving, compared with 32% for China and 16% for the Eurozone.

Overall, 35% said the global economy was improving.

The White House and Congress avoided the potentially calamitous "fiscal cliff" with a deal enacted Jan. 2 to extend most of the George W. Bush-era tax cuts. But they put off decisions about large automatic government spending cuts until the end of February and now are wrestling over an increase in the nation's debt limit.

With a potential default looming if the $16.4-trillion limit is not raised in coming weeks, the House was set to vote Wednesday on a Republican plan to suspend the debt limit through mid May.

Despite the threat of another contentious battle over the debt limit, which would be a repeat of 2011's brinkmanship, 92% of global investors in the Bloomberg Poll said the U.S. was unlikely to default on its sovereign debt.

But a majority sided with the general Republican argument on the debt limit, with 56% saying Congress was right to require spending cuts equal to any increase in the debt ceiling.

Just 40% sided with the Obama administration view that the full faith and credit of the U.S. should be protected at any cost and the debt ceiling should be raised with no preconditions.

The repeated political battles in Washington have had an impact on investors: 8% said the confrontations were leading them to pull out of the U.S. market, with another 39% saying they are holding back some investments.

But 45% said the divisiveness was not affecting their investment decisions, and 35% said they've been investing more.

Investors were somewhat optimistic that Obama and Congress would be able to work together to address the U.S. financial problems.

A majority -- 56% -- expected a deal to make spending cuts in entitlement programs, but most of those investors predicted only modest reductions. And 65% of investors said they expected tax reform legislation to be enacted in 2013, though most of those also expected only modest changes.

Obama was viewed favorably by 55% of the investors in the poll, compared to a 31% figure for House Speaker John Boehner (R-Ohio).

Major central bankers received high marks for their actions to stabilize the world economy: 72% had a favorable rating for European Central Bank President Mario Draghi and 71% for Federal Reserve Chairman Ben S. Bernanke.

Follow Jim Puzzanghera on Twitter and Google+.

___ (c)2013 the Los Angeles Times Visit the Los Angeles Times at Distributed by MCT Information Services

[ Back To SIP Trunking Home's Homepage ]

Subscribe here for your FREE
SIP TRUNKING enewslettter.

Featured Partner

Featured Whitepapers

SIP Security for the Enterprise
Voice over IP (VoIP) is incorporated into a variety of computer networks, both public and private, and used for everyday transactions and communications among carriers, businesses, government agencies...

Making A Broadband Purchase Decision
Businesses today have many options for broadband connectivity. Clarifying your particular business needs prior to selecting a broadband provider will ensure an optimal match of broadband service to your requirements.

Voice-Optimized Network Delivers Premier Call Experience
Customers equate call quality with business quality. Real-time communication, interpersonal interaction, and the cordial tone of a call center representative can create a positive impression of your business that no email can match.

Featured Case Studies

Business Telecom Expenses Reduced 50%
A small to medium sized company in the midwest was interested in migrating to IP Communications, but in today's economy, they were hesitant to upgrade their communication system due to their perception that the cost would outweigh the benefits.

Multi-State Company Cuts Telecom Costs 50%
A multi-site, multi-state company with extensive monthly long distance fees and toll-free charges did not have adequate broadband for Broadvox SIP Trunking requirements, nor did they have a SIP enabled telephone system.

Discover Leisure Connects Remote Users to its IP-PBX
Discover Leisure is one of the largest resellers of caravans and motor homes in the UK. With 15 branch of?ces all over the country, the company spent a great deal of money every month just on internal phone calls.

Featured eBOOKS

Internet+: The Way Toward Global Unified Communication
Connecting the telephony of the enterprise PBX or Unified Communications (UC) system using SIP trunks instead of conventional telephone lines has been very successful in recent years.

What is SIP Trunking? Edition 2
SIP trunking is becoming more of a focus for service providers. One key issue many service providers face when deploying SIP trunks is NAT, or Network Address Translation, traversal.

What is SIP Trunking? Edition 1
A vast resource for information about all things SIP - including SIP, security, VoIP, SIP trunking and Unified Communications.

Featured Videos

Broadvox VAR Testimonial VAR 1:
Part 1 of the VAR (Value Added Reseller) Partner Program Testimonials for Broadvox...

E-SBCs AS The Demarcation Point:
Ingate's Steve Johnson talks to Erik Linask about the role session border controller plays as the demarcation point at...

Demystifying DPI
How can deep packet inspection protect your SIP traffic as well as your entire network?

Featured Resources

Partner Program Overview:
Over 4,000 VARs, Master Agents, Solution Providers, and Independent IT Professionals trust Broadvox. We offer customized services and solutions to fit seamlessly into any company's business model. And when you partner with Broadvox, every member of our team stands behind you and your customers 100%...

SIP Trunk UC Summit

What's New

Presenting the New Ingate/Intertex Website:
Internet+ is an extended Internet access allowing high quality SIP (Session Initiation Protocol) based real-time person-to-person communication, everywhere and for any application. It applies to both fixed and mobile networks ...

Featured Blogs

Featured Webinars

Secure SIP Trunking:
What You Need to Know

Successfully Deploying Enterprise SIP Trunking:
Tools and Techniques for Overcoming Common Roadblocks

Featured Podcasts

Getting the Most Out of Your SIP Trunks:
Ingate's Steve Johnson and TMC's Erik Linask discuss how best practices forgetting the most out of SIP Trunking services and common pitfalls to avoid.

Featured Datasheets

Ingate SIParator E-SBCs
Adopting SIP is a simple process with the Ingate SIParator, the secure enterprise session border controller (E-SBC). The SIParator makes secure SIP communications - including VoIP,SIP trunking and more - possible while working seamlessly with your existing network firewall.

Ingate Firewalls
Everyone is talking about enterprise usage of VoIP, instant messaging and other types of realtime communications including presence and conferencing.

SIP Trunk Solutions for Service Providers
The award-winning Ingate Firewall and Ingate SIParator deliver a high quality, reliable SIP trunk connection between the customer's IP-PBX and the service provider network, and solve interoperability issues to simplify deployments and support for remote diagnosis of reported issues.