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Below we highlight regional economic growth forecasts in 2009. As shown many emerging economies are expected to continue growing through the year; while developed nations are expected to contract. European countries are expected to contract the most and China is expected to exhibit the strongest growth, although at a much slower rate than previous years.
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Apparently, economists don't care about africa.
Posted by: Steve Place | January 23, 2009 at 03:36 PM
Steve,
Yes that is part of the trouble, but many economists have withdrawn or discontinued their forecasts due to continued uncertainty about African currencies.
Posted by: Birinyi | January 23, 2009 at 04:07 PM
I would be amazed if these positve growth forecasts for Asia and South America hold up this year. Last quarter China growth was 0. What's goign to turn that to a 7% growth rate in a hurry? Is the rest of the world suddely going start improting huge quantites of Chinese goods again or is China going to need more captial goods so they can have mroe idle factories and steel mils etc? Don't think so.
Posted by: Steve van Emmerik | January 28, 2009 at 11:13 PM
Deals in Russia are not so good as in forecast predicts. We have a deep economic crisis. I don't think about any growth of russian economy in 2009.
Causes and consequences of financial crisis in Russia 2008-2009 - http://www.mirovoy-crisis.ru/crisis-in-russia.php
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