Global Economy Expected to Recover in Second Half

摘要

It was found that the global economy is making a recovery, lifted by the economic stimulus package of each country, improvement of consumption and investment sentiment, a rise in stock prices, and such recovery is expected to continue into the second half, according to Report on the Worlds Economic Trend and Forecast in August by the Ministry of Foreign Affairs and Trade. The U.S. economy, in particular, posted a 2.4 percent rise in the second quarter, helped by an increase in spending and investments, and a continuing upturn in housing construction activity, making signs of its economic recovery visible. It supports the forecast that its economy will show an upturn with an increase in spending thanks to the wealth effect created by the rise in stock prices and the effects of tax cuts, the report said.