Saturday, January 1, 2011

The world's major economies increasingly uncertain prospects for recovery

United Kingdom National Bureau of statistics announced on 23 October, the third quarter of this year, the United Kingdom's gross domestic product (GDP) compared with the previous quarter and down 0.4% from a year earlier, down 5.2%. This is the United Kingdom economy has six consecutive quarters of negative growth, as the country's history, the duration time of a recession.

Although the United Kingdom economy in recession phase continues to stop completely kill the world major economies in the third quarter common and the possibility of walking out of the recession; it does not change the major economies recovery prospects take a good situation. 24, another in the financial crisis suffered serious major economies, Russia announced that it has been out of the recession; while the euro area and the United States or in third-quarter back to positive economic growth channel, which the latter quarter of GDP ratio rose might even Central 3.2%.

Oil prices surge boosts Russian economic rebound

United Kingdom third quarter GDP data, not quite a surprise to the market than ideal is expected, the Economist for the United Kingdom for the third quarter GDP expected initial value of the value chain up 0.2%, up down 4.6%. But United Kingdom media noted that although not able to get what they want out of the recession may let the United Kingdom Government increased pressures, but third-quarter GDP data actually still meet the Government prior to this, the country's economy will be the fourth quarter of positive growth expectations. While the third quarter GDP0.4% less than the drop, Central second quarter 0.6% narrowed, also reflects the trend of British economic rebound.

At the same time, another has been widely recognized recovery difficult economy in Russia, even in the third quarter to achieve a positive economic growth. Russia 23-Ministry of economic development announced preliminary data show that in the third quarter of Russia's GDP growth in the second quarter 0.6%. This is Russia's economy since last year's second quarter for the first time since the link, reflecting as global oil commodities such as the gradual recovery of demand, Russia's economy began to show signs of recovery.

Russian Deputy Prime Minister and Finance Minister Kudrin also 24, noted that Russia's economy has been out of the recession, but with oil prices in the fourth quarter of this year, Russia's economy is expected to grow by 2%. Kudrin said, according to Government estimates, mainly affected by oil prices, fourth quarter Russian economy will grow by 2%. He pointed out that, as long as the international oil prices per barrel and $ 70 to 80, Russia's economy will grow. Data show that crude oil exports now account for about 60 of Russia's total exports. While previously in 22, Russian Deputy Governor of the Central Bank's first black Willow card Aliyev also indicates that, if the financial and economic crisis as from one Board for another rapid changes in such a situation, then the crisis in Russia has ended. He stressed that the second wave of financial crises will not appear in Russia.

Three quarter GDP expected growth 3.2%

United Kingdom and Russia this world's major economies of the two "persistent" are showing signs of economic rebound, let people on the euro area and the United States is about to come out of the third-quarter GDP data, full of hope. Analysts forecast that this year's second quarter GDP contraction ring only 0.1% in the euro area in the third quarter to usher in a positive economic growth was almost devoid of suspense, the current problem is the regional economy is the economic growth rate. Prior to this, the euro area, the two major economies in Germany and France, and Japan in Asia, the first in the second quarter back to positive economic growth.

By contrast, the momentum of economic recovery in the United States is more rapid. 65-oriented under pengboshe Economist survey, conducted on the United States this week announced third-quarter GDP data loop than expected increase in value of $ 3.2%. Reports for economists full of confidence, the main factors is the United States Government's huge economic stimulus plan has become more obvious results.

That is why the United States Government policy has also started to gradually tend to remain difficult in small enterprise credit and identity issues such as unemployment. Previously there was news that United States President Barack Obama is likely to promote the introduction of a new stimulus plan on unemployment; but now it seems more likely that the United States Government, through the transfer of aid flows to achieve its objectives. October 21, Obama said the United States Government is prepared to issue asset relief program (TARP), part of the funds, and for small-medium enterprise lending. He said a year ago distress of big banks don't need more assistance to the Government, therefore, the TARP program in this part of the funds will be reduced in size. Obama also emphasized that the Government has already prepared the relief effort from the big banks to small banks, because small business owners access to credit means; he also pointed out that improving small business loans will contribute to more employment opportunities.

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