Are we seeing an economic improvement?
Tuesday, April 21st, 2009
In the last 6 months, the worldwide recession has taken hold and spared few countries. While the downturn clearly originated in those countries whose banks lent and citizens borrowed too recklessly, it is primarily exporting countries such as Japan and Germany who have so far taken the greater hit of the major economies.
As exporting and prudent countries felt less responsibility for the causes of the recession and presumed less susceptibility, so they have been less quick to enact stimulus. However it is precisely these countries that need to do most to stimulate internal demand. Citizens and governments of already indebted countries such the UK and the US have far less capacity to borrow further, and will be punished by markets if they choose to do so. (more…)
Filed under Outdoor News
