It looks like the world economy is beginning to arrest the slide caused by the recession — the worst slump the world economy has experienced in more than 60 years. And proof of it is in the increase in the demand of products. Shipping companies are experiencing profits that, frankly, not as bad as they had hoped. Funny though that at this point, most forecasts are still on recording losses and if a loss is not that bad then it is considered good news. It’s a concept that can be a bit hard to wrap your head around because we’ve been used to a robust economy.
Hopefully, we learn lessons from this recession and start becoming more aware of how everything is related economically. I know I’ll be more conscious about how I spend my money in the future. No more nights out everyday. Every other night will do, I guess.
European confidence in the economic outlook increased twice as much as economists forecast in August, a European Commission report showed today. The U.S. economy, the world’s biggest oil user, shrank less than expected in the second quarter, and France and Germany returned to growth in the same period.