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IMF: world economy recovering faster than expected

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October 01, 2009 – Comments (2)

Here's an interesting bit of news:

IMF: world economy recovering faster than expected

According to IMF's semi-annual "World Economic Outlook", the global economy is set to grow at a 3.1% rate in 2010...with a large portion of that growth contributed by emerging markets like India and China.  The 3.1% growth estimate is up from the IMF's previous estimate of 2.5% growth. For all of 2009, the IMF expects the global economy to shrink by 1.1%, better than its previous 1.1% estimate.

The rest of the week should be interesting for econ junkies like myself.  The government's report on consumer spending is due out this morning.  By the end of the day we'll have an idea of how bad the "Cash for Clunkers" auto sales hangover was.  And tomorrow is the September jobs report.

Deej

2 Comments – Post Your Own

#1) On October 01, 2009 at 7:38 AM, alstry (36.32) wrote:

Romanian government collapses; stocks fall

I will not blog again until the DOW drops below 6000, Major War or Pandemic breaks out,  or you give me permission;)

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#2) On October 01, 2009 at 10:01 AM, abitare (49.76) wrote:

The economic priests from the IMF temple are credible? Sense when?

What does India and China have to do with me? Sense when is there accounting credile?

Now please give alstry his permission. 

 

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