Here is an excerpt from the article:
"We're seeing a cyclical pickup in activity, but it's anemic, given the depth of the slump," said Simon Tilford, deputy director of the Center for European Reform, a nonpartisan think tank in London. "Typically, you'd expect faster growth in the aftermath of such a recession," he said.
http://online.wsj.com/news/articles/SB10001424052702304547704579564292749621218?mod=WSJ_hp_LEFTWhatsNewsCollection&mg=reno64-wsj
At least there is some movement in the right direction. However, this isn't very comforting.
ReplyDeleteI think it ultimately comes down to the condition of the US and EU economies. Since both economies are connected to every corner of the global economy, the global economy cannot grow without those economies. In other words, the US and EU economies need to start seeing stronger economic growth if the global economy were to see strong economic growth.
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