Thursday, April 03, 2008

Made in USA News

What a great title for news and I wonder whether the weak dollar helps or hurts their business.

Pretty comprehensive article in the Wall Street Journal today entitled, "U.S. Slump Takes Toll Across Globe." It covers a lot of ground, including a mention of how the United States is fairing on growth versus last year, where it's at currently and what to expect in 2009. Looks to me like we are going to take a blip (dip?) in growth this year and then a nice bounce in 2009 (recessions typically last about eight months even though it may feel like forever).

The expression that when the U.S. sneezes, the rest of the world catches a cold may apply here though several countries still seem to be moving full speed ahead despite bad news from USA: Australia, Brazil, the United Arab Emirates and Qatar are growing but not as briskly as in 2007.

Be sure to check out the full growth projections (GDP) chart based on country and region.

No comments: