Monday, June 1, 2009

The Economist Analysis: A bit too early to celebrate global recovery

Don't get too excited about some recent brighter economic news

This weekend's article in The Economist warned that it might be a bit too early to celebrate global recovery. After a long wait for anything close to cheerful news on the economy, a few encouraging signs have popped up, ranging from rising orders on durable goods in the U.S. and surging manufacturing output in Japan to growing consumer spending in Germany and GDP increase in Poland. But some prominent economists warned that the worst likely has not passed, and some serious problems still need to be faced.