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The world economy is not headed for a double-dip recession, according to Singapore Prime Minister Lee Hsien Loong, but he does not expect a dramatic recovery. Full Article at CNBC
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tool goes here LONDON — European stock markets fell modestly Friday and Wall Street headed for a lower opening after strong gains the day before on U.S. data revealing the world's largest economy had broken out of a yearlong slump. Full Article at Centre Daily Times
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The question is whether it can be sustain beyond the government stimulus, because (when) you've pumped so much money in, it is bound to show up somewhere in the GDP numbers
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It (export sector) depends a lot on the U.S., although we trade a lot with China, the ultimate market is really the United States
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US consumers have to save more and spend less ... And the U.S. government also has to save more and spend less which I think is going to very difficult to do. And that is a macro adjustment which is necessary.
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From the mid to end of this week we have almost jumped back to 12 months ago when we had this intense volatility in the markets ... If anything, a bit of calm is coming to European markets today and I think things are going to peter out towards the weekend in what has been a big week.
SOURCE: Centre Daily Times
