Economics @ ITT

The world economy: Three-way split

Posted in economics, International Economics, macroeconomics by ittecon on December 9, 2010

THIS year has turned out to be a surprisingly good one for the world economy. Global output has probably risen by close to 5%, well above its trend rate and a lot faster than forecasters were expecting 12 months ago. Most of the dangers that frightened financial markets during the year have failed to materialise. China’s economy has not suffered a hard landing. America’s mid-year slowdown did not become a double-dip recession.

via The world economy: Three-way split | The Economist.

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