Encouraging Signs of Economic Recovery

Led by China, Asia’s emerging economies have revived fastest, with several expanding at annualised rates of more than 10% in the second quarter of 2009. A few big rich economies also returned to growth, albeit far more modestly, between April and June. Japan’s output rose at an annualised pace of 3.7%, and both Germany and France notched up annualised growth rates of just over 1%.

Australia is doing exceptionally well and is, by some measures, the best peforming advanced economy over the past year. Most economies are still smaller than they were a year ago. On a quarterly basis, though, they are turning the corner.

For more information, please see www.torcana.com.

Kind Regards

Colin Murphy

Director

Torcana Ltd

Tags: emerging economies, House price statistics, recovery, Torcana

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