Signs Pointing to Another Round of Global Recession
June 06, 2011 at 13:57 PM EDT
Over the past several weeks it’s become clear that the global economy is turning down … *Japan returned to recession last month. So did Denmark. *Malaysia, Botswana, Ireland, Australia, Portugal and Norway all posted negative GDP growth in the most recent quarter. *The euro zone, laden with insolvent countries, is growing at just 0.8 percent. And Germany, the star of the euro zone, is only growing at 1.5 percent — well below its trend growth. *And there is an increasing likelihood that Europe is in store for a destabilizing economic shock — through a euro member sovereign debt default or a member departure from the monetary union. At best, euro-zone countries could get another extension to put . . . → Read More: Signs Pointing to Another Round of Global Recession