InfoAnda - World economy on rebound, but future uncertain

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Pakistan's forex reserves rise to $14.80 bln | 5 March 2010
'Wild' boys keep Japanese princess out of school | 6 March 2010
Michael J. Fox hosts special on hope | Entertainment | | 10 March 2009

Floods kill 25, wreck homes in French Riviera | 18 June 2010

Forum Views () Forum Replies ()

Read more with google mobile : World economy on rebound, but future uncertain

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Africa Europe Latin America Middle East North America Search Search: World economy on rebound, but future uncertain By TOM RAUM,Associated Press Writer AP - Sunday, August 23 WASHINGTON - Turnabouts in European and Asian economies, along with recent gains in the U.S., are raising hopes that the worldwide recession is drawing to a close. That's not to say the coast is clear. ADVERTISEMENT The brightening outlook in Europe and Asia and the improvement in U.S. credit markets and indicators reflect heavy government stimulus spending. Many analysts question whether the top economies can sustain recoveries after stimulus measures and easy-credit policies have run their course _ and in the absence of significant new consumer spending, especially among Americans. "It's not clear that these economies can continue to move forward without stimulus," said Mark Zandi, chief economist for Moody's Economy.com. "And that's in part why stock markets across the globe are nervous." It will be difficult for other countries to pull out of recession until the U.S., still one quarter of the world economy, starts growing, he said. After a frightening free-fall across Europe in late 2008, France and Germany, the continent's two largest economies, reported recently that they had grown slightly in the second quarter of 2009. Other major European countries reported they were still struggling, but with generally improved figures over late 2008 and earlier this year. China, Japan, Hong Kong, Singapore and South Korea have also reported rebounds as government stimulus efforts across the globe have begun to show results. Russia, among the hardest hit of major economies as oil prices slumped and many foreign investors fled the country, appeared to be stabilizing. Meanwhile, in the United States, the Federal Reserve said the world's largest economy appeared to be "leveling out" and many economists see a second-half rebound. It all adds up to an improving picture ahead of an economic summit next month in Pittsburgh of the world's top 20 industrial and developing economies. It is the third such meeting of all the major economic players, after one convened by former President George W. Bush in November in Washington, and one held earlier this year in London. It is the first to be held recently as economies appear to be improving. But until American consumers begin spending again, and so long as jobs are still being lost, the durability of any recovery is questionable. Major retailers reported this week that U.S. consumers are continuing to rein in spending on all but basics. Despite slight recent improvements in many U.S. economic statistics, many consumers haven't seen a change in their lives. So many jobs have been lost _ nearly seven million since the recession began in December 2007 _ that the unemployment rate will remain high long after the economy begins to rebound. Many out-of-work Americans have lost unemployment and severance benefits and are depleting their savings. Others are saving more and spending less, still shaken from the worst economic downturn since the Great Depression. "This is going to be the mother of all jobless recoveries," said Allen Sinai, chief global economist for Decision Economics, a consulting firm. Japan, the world's second-largest economy, grew 0.9 percent in the second quarter, or April to June, compared with the prior quarter as export sales picked up after the country's deepest slump since World War II, the Japanese government reported earlier this week. It was the latest major economy to report upbeat second-quarter results. Japan's return to growth _ thanks to a 6.3 percent uptick in exports along with government stimulus measures _ marked the end of a yearlong recession. But the development, along with recent news that other major economies had resumed economic growth or were stabilizing, did not impress investors as global stock markets sank and then zigzagged amid fears by jittery international investors that the recoveries were not sustainable. In the United States, the gross domestic product contracted at a 1 percent pace in the April-June quarter, after plunging 6.4 percent in the January-March quarter, the worst in 27 years, and fell by 5.4 percent in the fourth quarter of 2008. The latest statistics suggested the recession is in its final stages, and some economists believe it may have already ended. Still, economists are mixed on the pace of recovery. Many barriers clearly stand in the way of a quick rebound. Noting China's fast bounce _ it posted more than 6 percent growth in the first half of 2009 _ Peter Morici, a business economist at the University of Maryland and a critic of Obama's economic-recovery plans, said: "China has a $400 billion stimulus package, and its economy is firing on all cylinders. President Obama has an $800 billion stimulus but prospects for the U.S. economic recovery are fragile." Other economists are guardedly optimistic. And Lawrence Summers, the top White House economic adviser, predicts "a substantial return to normalcy" in the coming months. While acknowledging "we have a long way to go," he notes that most forecasts for GDP growth in the second half of the year are now positive. "It is reasonable to say that we are in a very different place than we were six months ago; that the sense of free-fall, of vertical decline, has been contained," he told a recent economic forum. Most economists and analysts seem to agree. Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Related Articles: World Fires reach Athens suburbs, thousands evacuatedAP - 2 hours 17 minutes ago British military procurement flawed: reportAFP - 2 hours 41 minutes ago Reporter's family reunion in Iraq is reality checkAP - Sunday, August 23 Obituaries in the newsAP - Sunday, August 23 Latinas, Asians lead Miss Universe pollAP - Sunday, August 23 Most Popular – World Viewed Egypt warns pharaohs' tombs could disappear Pandas could be extinct in 2-3 generations: report Ramadan begins on Saturday amid swine flu worries New economic data set to test Wall Street bull run Tech giants oppose Google book project View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Sunday, 23 August 2009
Iran clerics oppose Ahmadinejad on women ministers
Russia dam disaster death toll rises to 66
Homes of former Porsche executives searched: report
Reporter's family reunion in Iraq is reality check
More relay woe for United States
Iraq's Maliki pledges victory amid criticism
Iran clerics oppose Ahmadinejad on women ministers | International |
Long's sportsmanship was not case of race, says son
South Sudan accuses north of arming southern civilians, militias
Iraq's Maliki pledges victory amid criticism | International |
Iraq minister suspects security forces role in blasts
Nigeria rebel group to resume attacks, ends talks | International |
Venezuelans march over schools law, police use gas | International |
Pakistan suicide bomber blows self up during raid
Official says Iranian guards kill 2 Pakistanis
Report: Pakistani Taliban choose new leader
North Korean envoys to meet South's President Lee
Report: Hakimullah new head of Pakistani Taliban
Urban schools use marketing to woo residents back
Obama to health care critics: end `phony claims'
AP NewsAlert
Post-affair Ensign gets mixed results in Nevada
4 dead in latest violence in southern Thailand
India to let landlocked Nepal use second port
Gay clergy: Where large Protestant churches stand
Prosecutor: Neb. man stole painting for abortion
China says 2 environment officials investigated
Rioting inmates set central Ky. prison ablaze
Tips for reducing the chance a dog will bite
Change of venue court cases are extremely rare
Lutheran gay clergy vote tests mainline churches
Ga. dog pack shows fine line between pet, predator
Rival Koreas meet ahead of state funeral | International |
Russia dam disaster death toll up to 69: rescuers
Smartphones drive language learning innovation
Swiss size up hole in iconic banking secrecy
Afghan polls lay hope for power of ballot box
Triple gold for Bolt as Kenya trump Ethiopia
Vatican deplores indifference to migrants after more deaths
Japan opposition wary of polls showing a landslide | International |
US notifying Red Cross of jailed militants: report
Australia sprays oil slick amid wildlife fears | International |
King calls for unity in polarized Thailand | International |
Iraqis facing more deadly attacks says foreign minister
Weaker Hurricane Bill moves towards eastern Canada | International |
Iraqis begin restoring concrete walls in Baghdad
Argentine outrage as Iran names terror suspect as minister
Apple says Google Voice app alters iPhone | Technology |
Sean Kingston album gets fans online with karaoke | Technology |
Weaker Hurricane Bill heads for US, Canada coasts
China drought leaves 5 million short of water
CIA report has new details of prisoner abuse
HK protesters demand release of Chinese dissident
N. Korea delegation meets with S. Korean president
Lawyers can question 9/11 suspect in writing
World economy on rebound, but future uncertain
State funeral for ex-SKorean President Kim begins
Water project adds to Taiwan leader's typhoon woes
FBI director outraged by Lockerbie bomber release
US military deaths in Iraq war at 4,334
China arrests 15,000 drink-drivers in a week: report
Elizabeth Edwards opens furniture store in NC
King calls for unity in polarised Thailand
Global Weather-Celsius
AP sources: Internal report tells of CIA methods
NKorea leader Kim sends message to SKorea president
Weather forecast for the Asia-Pacific region
Swine flu looms over global economic recovery
Global brands turn to China's young amid slump
Robin Williams says he is a work-in-progress dad | Entertainment |
Sean Kingston album gets fans online with karaoke | Entertainment |
Police scour Canada for millionaire murder suspect
Porn makers challenged for not mandating condoms
Guitarist James Burton fails to set world record
Europe's biggest jackpot finds a winner
US Evangelical Lutherans accept 'committed' gay clergy
Israel pushes Sweden to condemn 'anti-Semitic' story
Italian, French aircraft to join Greek fire effort
Germany ramps up pressure on GM over Opel
Afghan challenger says election widely rigged | International |
Pakistan Taliban name new leader but doubts remain | International |
More than 200 claims of irregularities in Afghan vote
Proud Scots feel heat over Libyan bomber's release | International |
Fresh attack hits northern Afghanistan: govt
Cuba publishes photo of fit-looking Fidel Castro | International |
Report: No sign of West Bank settlement slowdown
British military procurement flawed: report
Greek wildfire near Athens spreads, thousands flee | International |
Iraq intelligence chief retired before major blasts | International |
Settlements seen clouding Netanyahu Europe trip | International |
Egypt tries 26 men seen with Hezbollah links | International |
Madagascar's leaders committed to power-sharing | International |
South Korea holds state funeral for Kim Dae-jung
McCain refuses to consider taxes to reduce deficit
Dispute threatens talks to end Filipino rebellion
McCain: Obama must drop 'public option'
McCain: Health debate hurt by Kennedy's absence
Rare tiger killed, body stolen from Indonesian zoo
Obama vacation takeoff delayed by Hurricane Bill
US notifying Red Cross of jailed militants: report
Japan PM says forecast of election loss premature
Excited locals await Obamas at vacation spot
China legal activist freed, but may face tax case
Afghan commission: fraud filings could sway vote
Australian oil well to gush for nearly two months
New Pakistan Taliban leader ruthless
Japan PM frontrunner vows to cut public debt
Japan opposition wary of polls showing a landslide
Foreign direct investment plans in S. Korea jump
Rising poverty looms large in Japan's election
Bangladeshi firms seek to shed 'sweatshop' label
Diamond mining is not forever, SAfrica learns
Suspicion undermines DR Congo relief workers
New York painter barks for art
Europe's top tourist venues hit by economic crisis
The charm of the Mini rolls on at 50
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01