The 25.7 percent drop in exports has prompted The World Bank to cut its estimate of China’s growth in 2009 from 7.5 percent to 6.5 percent. The cut on Wednesday was the second time in the last four months the World Bank has reduced its estimate of China’s growth. The estimate before November was 9.2 [...]
What are the signs of the recession reaching bottom? There are a number of indicators that may be of some help. For the stock market, which usually turns up a quarter or two before the economy follows, the signs are weak, but at least in the right direction: First, an upturn in the total stock [...]
In a move that sets the American tone for the meeting this weekend in London, President Obama called for coordination of increased stimulus spending by the G-20 members and for increased international cooperation in regulating the world’s financial institutions. Most agree that a new world order is needed, but there is not agreement as to [...]
Two significant signs of the worsening global slowdown come from China and Germany–two of the world’s largest exporting countries.
Consumer prices in China fell 1.6 percent lower last month than the same month in 2008. This was the first decline since December 2002. February’s result represented a fast drop from an inflation rate of 8.7 percent [...]
