ISTANBUL, Turkey (AP) -- The International Monetary Fund said Thursday that the global economy is recovering faster than expected -- but warned governments against premature withdrawal of stimulus efforts.
The positive report card was likely to feed a cautious but widespread relief that -- despite continuing unemployment woes and halting efforts to improve regulation of financial markets -- the downturn is easing and may prove less devastating than initially feared.
According to the twice-yearly World Economic Outlook, the world is poised to grow by 3.1 percent in 2010 with much of the recovery driven by emerging economies such as China and India. That is up from the 2.5 percent in the IMF's previous set of estimates. And for 2009, the IMF now finds a 1.1 percent decline of global GDP instead of the 1.4 percent contraction it predicted in July.
But it warned against premature withdrawal of stimulus efforts and said uncertain growth in the developed world could soon put governments in a vise -- between keeping their stimulus spending going, or cutting it back to avoid ruining their finances with debt and deficits.
Related articles
Thursday, October 1, 2009
Tuesday, September 29, 2009
China Market will be closed for long holidays from October 1st
Mid-Autumn Festival and National Day | From 1 October 2009 (Thursday) | To 8 October 2009 (Thursday) |
Related Post
Asia Stock Market Holidays / Trading Calendar - Year 2009
China’s Holiday Travel Boom May Help Consumption, Drive Growth
![Reblog this post [with Zemanta]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_tlaerSbm0r4e6dQ-xKD_UBfLb4uMhewsUff9gLjA0hLZIDlvvK3JmTKepn1UELSqAk6SazBok_drzOzHVfS9dixXEQ580MfNRrMk5I4eKvum-xwAhZ6UFTqbl9mBhwC-635uVDCAgf7V0Fm6ck88aL=s0-d)
Sunday, September 20, 2009
Japan, Singapore, Malaysia, Indonesia, Philippines and India markets are closed for public holiday
Click on 'Country' as shown below for Market Holiday's schedule.
India
Indonesia
Japan
Malaysia
Philippines
Singapore
Related Post
Asia Stock Market Holidays / Trading Calendar - Year 2009
Friday, September 11, 2009
Japan’s Economy Grows at 2.3% Pace, Less Than First Estimated
Sept. 11 (Bloomberg) -- Japan’s economy unexpectedly grew less than initially estimated in the second quarter as companies cut spending and stockpiles fell.
Gross domestic product expanded at an annual 2.3 percent pace in the three months ended June 30, slower than the 3.7 percent reported last month, the Cabinet Office said today in Tokyo. Economists surveyed by Bloomberg News forecast the figure to be unchanged from the preliminary estimate.
Today’s report shows Japan’s recovery from its deepest postwar recession is even weaker than previously thought, and intensifies pressure on the incoming government, led by Yukio Hatoyama, to resuscitate household demand. With unemployment at a record high and one-third of factory capacity idle, Japanese growth may depend on overseas demand.
Click here for more detail
Related most recent article
Japan Sustaining Recovery From Recession
Gross domestic product expanded at an annual 2.3 percent pace in the three months ended June 30, slower than the 3.7 percent reported last month, the Cabinet Office said today in Tokyo. Economists surveyed by Bloomberg News forecast the figure to be unchanged from the preliminary estimate.
Today’s report shows Japan’s recovery from its deepest postwar recession is even weaker than previously thought, and intensifies pressure on the incoming government, led by Yukio Hatoyama, to resuscitate household demand. With unemployment at a record high and one-third of factory capacity idle, Japanese growth may depend on overseas demand.
Click here for more detail
Related most recent article
Japan Sustaining Recovery From Recession
Subscribe to:
Posts (Atom)