Packin’ up for China
IN ITS recent semi-annual World Economic Outlook, the International Monetary Fund sees few silver linings in the storm clouds gathering over the world’s richest economies. The world economy as a whole is expected to grow by 3.7% this year, well down on the fund’s last estimate in January of 4.2%. America is expected to enter a mild recession this year—its growth forecast has been cut from 1.5% to just 0.5%. The prospects for Spain, Canada and Italy are also gloomy. But the forecast is sunnier for the developing world, whose economies are predicted to grow by 6.7% in 2008, led by China and India.
Source: The Economist, April 14 2008
on April 15th, 2008 at 6:14 am
and about 1.7% of that 6.7% is from ex-bear stearns peepz lol
on April 15th, 2008 at 12:06 pm
I started writing a comment, but then it got too long. So I posted it on my blog instead.
http://omgwhatdidyoudo.blogspot.com/