Economists estimate that when Japan reports its December quarter GDP on Feb 15, it will show that the economy probably grew at the fastest pace since the first quarter of 2008, up 3.6%, as a
Confidence in the world economy climbed to a 22-month high in August on signs the worst global recession since World War II is approaching an end, a Bloomberg survey of users on six continents showed. It is the first time the reading exceeded 50, which means optimists outnumber pessimists. O Read more...
Russia's economy declined approx 11%
August 11, 2009
Today, the Federal Statistics Service said Russia’s economy declined approximately 11% in the second quarter, the most since 1995, as rising unemployment sapped consumer demand, bank lending stalled and the government failed to approve a stimulus package until just two months ago. This fo Read more...
US recession probably ended in Q3'09
August 10, 2009
The US equities market took a breather today ahead of an upcoming Central bank meeting at which investors expect the central bank governor to hold interest rates steady at current levels. The summary that accompanies the interest rate decision should give hints of the outlook for the US economy.
I Read more...
Confidence in the world economy climbed to a 22-month high in August on signs the worst global recession since World War II is approaching an end, a Bloomberg survey of users on six continents showed. It is the first time the reading exceeded 50, which means optimists outnumber pessimists. O