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Japan Slides Into Recession as Tax Hike Takes Toll
http://abcnews.go.com/International/wireStory/japan-slides-recession-tax-hike-takes-toll-26960189
EU seems somewhat optimistic, at least about EU and US.
http://ec.europa.eu/economy_finance/publications/european_economy/2014/pdf/ee2_en.pdf
The Economist is less optimistic - http://www.economist.com/blogs/graphicdetail/2014/11/european-economy-guide
And there is Russia's incursion into Ukraine.
Back in October, the IMF cut the 2015 Global Growth Forecast to 3.8%, while indicating the Eurozone faces 38% probability of re-entering recession in next six months
http://online.wsj.com/articles/imf-...recast-0-2-percentage-point-to-3-8-1412686808
That was before the news from Japan.
Is there any good news?
http://abcnews.go.com/International/wireStory/japan-slides-recession-tax-hike-takes-toll-26960189
The world's third-largest economy contracted at a 1.6 percent pace in the July-September quarter, the government said Monday, contrary to predictions it would grow after a big drop the previous quarter. An economy is generally considered to be in recession when it fails to grow for two consecutive quarters.
This is not just bad news for Japan as it deepens uncertainty about China were growth is slowing and for the 18-country eurozone that grew only 0.2 percent in the same quarter. . . .
. . .
Monday's data is preliminary, with a revision due Dec. 8. Since some of the decline was due to reductions in inventory, things may not be as bad as the GDP reading suggests, economists said.
. . .
EU seems somewhat optimistic, at least about EU and US.
http://ec.europa.eu/economy_finance/publications/european_economy/2014/pdf/ee2_en.pdf
The Economist is less optimistic - http://www.economist.com/blogs/graphicdetail/2014/11/european-economy-guide
A FEW months ago investors were feeling more optimistic about the euro zone. In July the Greek government could borrow money at an interest rate of 6%, a far cry from the near-40% it was paying in 2012. Economic growth in the first quarter of 2014 was 1.2% on an annualised basis—not great, but not terrible.
That has all changed. . . .
And there is Russia's incursion into Ukraine.
Back in October, the IMF cut the 2015 Global Growth Forecast to 3.8%, while indicating the Eurozone faces 38% probability of re-entering recession in next six months
http://online.wsj.com/articles/imf-...recast-0-2-percentage-point-to-3-8-1412686808
That was before the news from Japan.
Is there any good news?