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Are There Bright Spots Amid The Global Recession
Are There Bright Spots Amid The Global Recession
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Doctor Doom
Are There Bright Spots Amid the Global
Recession?
Nouriel Roubini, 08.06.09, 12:00 AM EDT
A snapshot of the better economies.
financial systems that saved them from being contaminated by Select Your Title Receive Special Offers?
toxic assets. The fact that their domestic credit markets are at
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Are There Bright Spots Amid the Global Recession? - Forbes.com 03/09/09 7:46 AM
toxic assets. The fact that their domestic credit markets are at
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an early developmental stage, so consumption is not very
dependent on credit, helped them shelter internal demand.
Finally, these countries enjoyed strong policy credibility.
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The Brazilian economy is definitely showing signs of resilience,
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given the massive adjustments among the developed
CANADA STOCKS-TSX tumbles on weaker gold,
economies. As early as Q1 of 2009, GDP data showed signs profit-taking
of resilient consumption despite the contraction in investments Abuse Of Friendship
and the collapse of the industrial sector. Throughout the
second quarter, manufacturing continued to show very weak
performance vis-à-vis 2008 levels, although the sector has
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shown some tentative signs of improvement on a monthly
basis. In the meantime, the retail sector continues slowly to Be Your Own Boss, Online
adjust to a much less favorable environment than in 2008, and Requirements: A computer and basic typing skills
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sales growth keeps on moderating, due to slower real income
growth and a challenging credit atmosphere. Yet consumer Bank of America Mortgages
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could support consumption, despite the labor market losses to bankofamerica.com/homeloans
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remain in place to help the recovery process. The fiscal Mortgage.RefinanceFrontier.com
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the tax breaks to the auto industry and capital goods sales,
should in part support the labor markets and the expansion of
domestic production.
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Are There Bright Spots Amid the Global Recession? - Forbes.com 03/09/09 7:46 AM
Asia-Pacific
Australia
India
The Philippines
Indonesia
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Are There Bright Spots Amid the Global Recession? - Forbes.com 03/09/09 7:46 AM
Europe
Poland
Norway
France
North America
Canada
Egypt
Qatar
Lebanon
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Are There Bright Spots Amid the Global Recession? - Forbes.com 03/09/09 7:46 AM
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