Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Global Economic Outlook: Is a Recovery In Sight?

Posted by hkarner - 9. Juli 2009

  • IMF (July 2009): The global economy is beginning to emerge from the recession “but stabilization is uneven and the recovery is expected to be sluggish.” Economic growth may be 0.5 percentage points higher than projected in April 2009 or a 1.4% contraction in 2009 and 2.5% growth in 2010. Advanced economies will contract by 3.8% in 2009 – the U.S. by 2.4%, eurozone by 4.8%, Japan by 6%, UK by 4.3% and Canada by 2.3%. Eurozone will continue to contract in 2010 (0.3%) while U.S. (0.6%), Canada (1.4%), Japan (1.7%) and UK (0.2%) will have below potential growth.
  • IMF (July 2009): Emerging markets will slow sharply, growing by only 1.5% in 2009 before rebounding to 4.7% in 2010 (lower than the 6% in 2008). China to grow 7.5% in 2009 (8.5% in 2010), India 5.4% (6.5% in 2010). ASEAN to contract by 0.3% in 2009 before growing 3.7% in 2010. Latin America (-2.3%), Eastern Europe (-5%) and Commonwealth of Independent States (-5.8%) will all face contractions in 2009 and sluggish growth in 2010 while the Middle-East will grow only 2% in 2009.
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