Brazil and Sweden out of the recession in Q2 2009

Based on the latest data, Brazil and Sweden stepped into positive GDP growth territory in Q2 (April-June) 2009.

Brazil out of the recession in Q2 2009

Economy: Brazil GDP: Q4/08 -3.4%, Q1/09 -1.0%, Q2/09 +1.9% = out of the recession

tunnel vision?

economy - thinking:

There may be light at the end of the tunnel, but how long is the tunnel?

how many jobs lost in the US since the crisis?

Since December 2007, how many million jobs have been lost in the US? a) 4.7 b) 6.7 c) 8.7?
The answer: 6.7 (b)

analysing the causes of the crisis

Global financial crisis:

lessons?

Thinking hard in Wyoming?

(Meeting of central bankers and economists in Jackson Hole, Wyoming.

Out of recession since Q2 2009!

What did Japan, Hong Kong, France and Germany have in common in Q2 of 2009?

Their GDP growth got them out of recession!

factors in Germany's rebound

According to a German friend, unchanged domestic consumption (due to high savings in the last decades), car sales (Ed.Note: due to rebate offered by government for retiring old cars, similar systems in USA and other countries) and strong growth in asia (meaning exports) are the main reasons for Germany rebound back into positive GDP growth territory in Q2 of 2009.

Note the high savings in last decades factor!!!

France and Germany out of recession in Q2 0f 2009?

-.0.1 Eurozone + 0.3 Germany + 0.3 France - 0.8 UK = ??

US consumer confidence

According to the University of Michigan's index of confidence, US consumer confidence rose in June to its highest level since February 2008.

Does this suggest the worst of the recession may be over?

US recession slowing down (The Fed)

The Federal Reserve had indicated that the pace of economic contraction in the US is "slowing" down. Yet the Economy is likely to remain weak.