“China caught the world’s eye with its rapid response to recession.”
In his latest Commentary, Peter G. Hall of the Export Development Canada (EDC) also remarks that China’s actions has had measurable effects. However, he does go further to say:
“Although spending programs will continue throughout the year and beyond, they are likely through their growth phase, leaving it to the rest of the economy to step into the gap and generate growth. [...]China may yet get lucky. Western markets are adjusting, and are expected to begin recovering in the latter half of 2010. If China can make it until then, revived global trade could well save the day.”
To read more or listen to the commentary via podcast click here.
Photo by Kuzeytac ( So, SO busy…).
the last quarter of 2009 seems promising as we have seen lots of signs of econic recovery against the massive economic recession. i hope that in 2010 all our economies would be back on track. recession really sucks.