Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

IMF Expects Slow Recovery from Global Recession
Jul 9, 2009
 Printable format
 Email this Article
 Search

Financial conditions have improved faster than the International Monetary Fund (IMF) expected when it made its last global forecast in April, largely due to government support for banks and other financial companies. IMF said the global economy is beginning a sluggish recovery.

The IMF expects the world economy to shrink by 1.4% in 2009, slightly worse than its earlier estimate of 1.3%. But it increased its estimate for global economic growth in 2010 to 2.5%, up from its April projection of 1.9%.

"The global recession is not over, and the recovery is still expected to be slow," the IMF said in an update to its world economic outlook.

Economies such as the United States, Europe, and Japan aren't expected to show sustained growth until the second half of next year, it said.

The IMF expects the U.S. economy to shrink by 2.6% this year, a slight improvement from its earlier estimate of a 2.8% decline and in line with many private forecasts.

China and India are both expected to grow this year, with China's growth forecast at 7.5% this year and India's economy to grow at a 5.4% pace.

Back to Daily News

 

Daily News

...........................................................

Aug 14, 2014: Electrolux In Talks to Acquire GE Appliances

Aug 14, 2014: June U.S. Cutting Tool Consumption Strongest of 2014

Aug 13, 2014: Manufacturing Technology Orders Up in June

Aug 13, 2014: Toshiba Appliance/Electronics Segment reports Higher 1Q Sales

Aug 12, 2014: Fagor Operations in Spain to Restart Under New Owner CNA

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows