The RGE Monitor, in its latest newsletter titled Global Economic Outlook for 2009 states
Compared to other regions' outlook, this is excellent. US economy is supposed to contract throughout 2009. The same goes for Europe and UK.
Oil is expected to stay between $30 and $40 per barrel throughout 2009. This seems to be a perfect year for road trips, considering the price of fuel.
Australia's
recession will likely end in 2009 after starting in Q4 2008. Average annual GDP
growth in 2009 will be flat to sluggish (0-1%) after registering an estimated
1.6% in 2008.
Compared to other regions' outlook, this is excellent. US economy is supposed to contract throughout 2009. The same goes for Europe and UK.
Oil is expected to stay between $30 and $40 per barrel throughout 2009. This seems to be a perfect year for road trips, considering the price of fuel.
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