US Economy Stabilising _ Japan Output Up
Published / Last Updated on 29/07/2009
US Economy Stabilising - Japan Output Up
Slowly, but surely, reports across the globe show that economies are stabilising. This does not mean we are coming out of recession, it means it perhaps will not get much worse, i.e. the ‘speed’ of economic downtown has slowed down.
In Japan, economic factory output was up in June by 2.4%, for the 4th month in a row, the highest in 50 years but it did have a long way to recover from. However sales, the lifeblood of the Japanese economy was still down, in short, the World has not started to buy electronic goods again, although confidence is returning that it will with the strong output figures.
In the USA, reports from the Federal Reserve suggest that although weak, the US economy is stabilising. In addition, the USA has built up a huge stockpile of oil meaning oil prices are set to fall which will put less of a strain on businesses trying to distribute goods.
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