Japan, India Revival Adds to Signs Recession Easing

[Coventina]

Source: Bloomberg

May 29 (Bloomberg) -- Japan’s industrial production jumped the most in 56 years in April and India’s economy expanded more than economists forecast in the first quarter, adding to evidence that the global recession is easing.

Output in Japan surged 5.2 percent from March, the Trade Ministry said in Tokyo. India’s economy, Asia’s third-biggest, grew 5.8 percent, more than the 5 percent analysts predicted. Other releases today showed U.K. house prices unexpectedly rose in May and German retail sales climbed the most in four months. In the U.S., a report due later today may show consumer confidence is improving.

The world economy is showing signs of recovery from its worst recession since the Great Depression after central banks and governments cut interest rates close to zero and pumped more than $13 trillion into their economies. The International Monetary Fund nevertheless expects the global economy to contract 1.3 percent this year and some strategists say it’s too early to give the all-clear.

“The worst of it is probably coming to an end,” Stephen King, chief economist at HSBC Holdings Plc, said in an interview on Bloomberg Television in London today. At the same time, “the level of activity around the world is still remarkably depressed. We’ll see three to four months of pretty good news. But then all bets are off.”



Read more: http://www.bloomberg.com/apps/news?pid=20601087&sid=a3pX29ycLaNM&refer=home

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:wtf:

[bluestateguy]

1. I hope India is enjoying all of our customer service and computer jobs

It's hard not to have some resentment toward that country for taking so many of our jobs.

[pampango]

2. How dare those Indians compete with us! We need to build a wall to keep poor folks away from

our jobs (there being a law somewhere that any job an American has ever held will never be subject to competition from anyone who does not hold an American passport).

We all agree (I think) that all people in the world have equal rights as human beings. What do we become when we seek to wall of people because they as so poor that we can't compete with them? Repubs living in gated communities (walled countries)?

[TheWatcher]

3. It sounds like Japan has adopted our Propaganda techniques.

Just pretend there is a "Recovery" and sooner or later the citizenry will believe it.

It's worked like a charm in this country.