A new of august 20 in the Economist says that the worst global recession since the 1930s may be over. It says that the countries of asia especially China have been growing fast. Because his annualised rates have been incrising more than 10% in this seond quarter
Led by China, Asia’s emerging economies have revived fastest, with several expanding at annualised rates of more than 10% in the second quarter. A few big rich economies also returned to growth.
In America the housing market has shown signs of stabilising, job losses is slowing and the vast majority of forecasters expect output to expand between July and September.
if you want to read more about this article: http://www.economist.com/research/articlesBySubject/display.cfm?id=478048
