Developed countries, one after another to announce the release of the crisis
Aug 26th, 2009 | By admin | Category: Main NewsAccording to preliminary estimates by the Organization for Economic Cooperation and Development (OECD), the economies of the organization during the second quarter stabilized (its reduction was 0,002% against 2,1% in the previous quarter).
GDP of the Group of Seven in April-June decreased by 0.1%, while the economic situation in these countries are very different. For example, Japan, Germany and France announced the completion of a recession, and in the UK she continued. Good economic news also came from Hong Kong and Russia. This allowed the Director of the Research Department of the International Monetary Fund, Olivier Blanchard announce the end of the deepest in the last 60 years of economic recession.
In Germany, GDP in the second quarter grew by 0.3% in subsequent quarters, analysts expect an even more active economic recovery (an index of confidence of investors and analysts to the economy in August, peaked in 2006). Japan drew a line under the deepest of all post-war recession.
situation is the second largest economy in the world benefited from the growth in exports and consumer spending. However, in that its growth will be sustainable, the experts are not sure. Economic warming in Japan is also associated with anti-crisis government expenditure, and the use of this incentive is limited - the country's public debt is already close to 200% of GDP.
In the United States in April-June, the economic downturn has slowed to 0,3% against 1,6% in the first quarter. The U.S. economy is recovering slowly, and this means that other states too early to speak about the end of the crisis.
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