ECONOMIC UPTICK ?
Well, not quite. But it seems the bottom may have been reached. Unless you believe in a W shaped downturn instead of a V shaped one.
Back in June I reproduced a chart from The Economist magazine which showed global economic growth at a constant 4% in 2005, 2006 and 2007. Then there was a rapid slide in 2008 to a 2% drop. It’s still bad, but the second quarter fall in 2009 was not quite as poor as the first quarter.
Here’s the evidence.
A half empty glass being made to look half full, perhaps ?
![World_GDP_Dec2009 World GDP % change on a year earlier](http://bevblog.net/wp-content/uploads/2009/10/World_GDP_Dec2009.jpg)
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