Recovery in the air?

摘要

A New Year is proverbially the time to turn over a new leaf; and with the arrival of 2010 there are at last some signs that the current deep global recession may be nearing its end.rnIn its WEO Update in January the IMF, encouraged by stronger than expected data for the second half of last year, raised its projections for world economic growth in 2010 by 0.75% to nearly 4%, accelerating to 4.3% growth in 2011 after an expected 0.8% drop in 2009. The UK has managed to produce initial Q4 figures showing growth after 18 months of recession and the US GDP growth figures for the same period are well above expectations, primarily as a result of an apparent turn in the inventory cycle.