Relevant:
- Consumer Metrics Institute: It still feels like recession because we're now in dip #2
- China enters unfamiliar economic territory with rising inventory -- Contraction in China's manufacturing sector now inching closer to one year. What does this say about the global recovery?
- Global bear rally will deflate as Japan leads world in sovereign bond crisis
- ABCP Outstandings Slip 35% in 2009
- Housing Remains in Deep Slump as Consumers Stay on the Sidelines
2009-05-23 — nakedcapitalism.com
"Recent data suggest that the rate of economic contraction in the global economy is slowing down and we are closer than six months ago to the trough of the recent severe global recession. But while the rate of economic contraction is now lower than the free fall and near-depression experienced by many economies in Q4 of 2008 and Q1 of 2009 the recent optimism that “green shoots†of recovery will lead to the recession to bottom out by the middle of this year and that recovery to potential growth will rapidly occur in 2010 appears to be grossly misplaced."
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.