World economy recovering

6 out of 10 top economies are heading out of recession. Japan has posted a
growth of 3.7 % in the second quarter of 2009. This has given a fair share of optimism for economist around the world as Japan is a hugely purchase driven economy.

Against all predictions, France and Germany posted a 0.3 % growth for the same quarter.

India and China continue to grow at a healthy rate although they won't be
able to catch up with their previous year's performance.

Brazil has come out of recession with a neat growth of 1.5% in the 2nd quarter.

The Eurozone is projected to slow down by 0.1% while Italy continues to slide down by 0.5 %. UK continues to be the top casualty with a drop of 0.8% in second quarter while US seems to recover a bit with 0.3 % drop in GDP compared to 6.4 % drop in the previous quarter.

Source: Economic Times