Date Published:
Feb 2010
Document Type:
B
Primary Image:
Research Document:
The latest short-term economic data continues to send a strong signal of gathering economic recovery around the world. The signals are strong in both magnitude and in breadth. While 29 out of the 30 largest economies recorded negative growth for 2009 (or 2008/9) as a whole, only 4 of these recorded negative growth in the last quarter for which we have data (Q4 and Q3). Three of these four, Iceland, Hungary and Greece could be said to have special local factors impeding recovery.