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GlobalRecovery posts

IMF's Strauss-Kahn Hints That Global Recovery Is Gaining Steam

Posted Jan 18th 2010 5:30PM by Joseph Lazzaro (RSS feed)
Filed under: International Markets, Recession

The head of the International Monetary Fund said China and other emerging market countries are propelling a faster-than-forecast global economic recovery.

IMF Managing Director Dominique Srauss-Kahn strongly suggested that the organization would raise its 2010 global GDP growth estimate from the 3.1% forecast in October 2009, The Associated Press reported Monday.

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Ray of light: Confidence in global economic recovery remains near record high

Posted Dec 16th 2009 4:00PM by Joseph Lazzaro (RSS feed)
Filed under: International Markets, Good news

More modest goods on the global economic front as confidence in the world economy held near a record high, according to a new Bloomberg News survey.

The Bloomberg Professional Global Confidence Index (BPGCI) fell to 58.9 in December from 60.3 in November, but that's still near the record high of 61.7 reached in October, Bloomberg News reported Wednesday. Further, the index remained above 50 for the fifth consecutive month. Readings above 50 mean there were more optimists than pessimists in the survey.

Continue reading Ray of light: Confidence in global economic recovery remains near record high