Friday 4 September 2009

More good news on global economic outlook

From RGE:


Global Economic Outlook: Is a Recovery in Sight?



  • According to the September 2009 report, the OECD now expects that
    the global economic recovery will start earlier than previously
    anticipated but growth will remain weak through 2010. The G7 is
    expected to contract 3.7% in 2009 (better than the 4.1% contraction
    expected in June 2009), based on an improved outlook in Japan and the
    Euro area, a similar outlook for the U.S. and worse for the UK while
    Canada will continue to experience negative growth until Q4 2009.
    Emerging markets that had little exposure to the financial meltdown
    like China have significant economic momentum.



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