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 ?