INTERNATIONAL ECONOMY
A Break in the Clouds?
Tuesday, September 1, 2009
Germany and France have begun to pull the trains of Europe out of the crisis. Stimulus packages and the China factor are the locomotive.
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THE awaited signal has finally emerged: the gross domestic product rates of countries are improving. After China, India and Indonesia, now the GDP of Japan, Germany and France are also positive. “Undoubtedly, the global economy is beginning to rise from the recession,” said Kenneth Rogoff, a professor at Harvard University, USA, on Friday two weeks ago.
Rogoff, also a former Chief Economist with the International Monetary Fund (IMF), comment
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