Sunday, July 31, 2011

Global economy; behind deadlock in US, a nervous world is on the edge

UNITED STATES

Industrial production has been devastated by the tsunami of March, but the characters are from a classic V-shaped recession, with a jump in the output of a quick recovery. Retail sales have bounced back and is now higher than before the earthquake, but were weak job growth looks like. While unlikely to be the source of global instability of its own means in Japan 's dependence on exports, it would be one of the first victims of the contagion.

FRANCE

How much self-sufficient economy than Germany, France, recorded a much smaller decline in output during the crisis and has a slower recovery. The focus on the Southern European member states of the Monetary Union has led to little attention to France 's modest benefit has been paid, since the single currency was created. An overvalued real estate market is the most immediate cause for concern.

MEXICO

Rising oil prices, growth in Latin America 's second-largest economy, which has taken over a decade and a half to shake off the effects of the mid-1990s, underpinned currency crisis. With inflation low and the current account deficit is only in Mexico nnot currently tops the list of concerns for the financial markets.

GREECE

Larry Elliott
Phillip Inman

guardian.co.uk ? Guardian News & Media Limited 2011 | Use of this content is subject to our Terms and Conditions | More Feeds


0 comments:

Blog Archive