Is the world economy depicting signs of recovery?
Submitted by kalyani on Sat, 04/11/2009 - 18:32
Are the recent trends of financial markets across globe are depicting signs of recovery from the worst financial crisis? Last two weeks have been kind of turnaround for Indian financial markets. Markets have been on bull run. China's economy also shows signs of steady recovery. JPMorgan Chase & Co Chief Executive Jamie Dimon also said that he sees "modest signs" of an economic recovery. Do all these indicate that the world economy is showing signs of recovery?
At last, after a worrying
At last, after a worrying six-month plunge, the economy appears to be leveling off. But don’t presume the road is clear.
Stock investors, shoppers and
Stock investors, shoppers and home buyers are less nervous now. Once-frozen credit markets are slowly melting. And economic indicators that were going from bad to worse are showing signs of evening out though still at distressed levels!!
I feel the situation is
I feel the situation is worsening. We still need to know the influence of stimuli packages. WLO estimates 230 million job losses all over the world. In India, 5.90 lakhs people lost their job till Jan, 09. Measures for creation of jobs need to be accelerated.
Yes! It’s heading towards the
Yes! It’s heading towards the phase of recovery. But, it may take long time than expected to completely recover from this crisis.