With the whole world yet stuck in recession, China is probably the only one that is unaffected by this global trauma. With the growth rate of 8.9% in the last quarter, china’s economy is booming and is expected to improve more during the rest of the year. As stated by Mr. Xiaochao, spokesman for National Bureau of Statistics, the condition of the Chinese economy is very stable and good at the moment.
With everything going great with the Chinese economy, many experts believe that China is creating what is called a “bubble” economy, the economy that will burst for sure one day. The American economy burst happened because of them providing very easy credit. In the case of China, they are giving loans to just about everyone. From the beginning of this year till now, 1.27 trillion dollar has been given by China as loans to Americans.
The European economy is improving and seems to have come out of recession. This conclusion is based on the fact that between July and September, the economy has grown. For all the countries that use the Euro, there was a combined growth of 0.4 %. This has happened after shrinking for 0.2% between the month of April and June. The French and German economies both grew consecutively for the second quarter indicating that both of them, which also happen to be the biggest economy of the eurozone, are out of recession. But a point of concern has been that the growth hasn’t been as much as expected.
It seems finally that we are overcoming the recession as more and more U.S. based companies plan to offer more jobs. The companies have started investing more and more as the market condition improves. Ever since the start of the recession in December 2007, the companies are for the first time looking to hire more workers in the coming 6 months as compared to the expected job cuts according to the National Association for Business Economics. Also the firms are beginning to increase capital spending as compared to cut spending. This came into notice during the survey of NABE.
Zimbabwe has been very economically troubled in recent times. Now, IMF (International Monetary Fund) has come forward to help Zimbabwe. IMF has decided to give a loan of 500 million dollars to Zimbabwe. This is the first time in a decade when IMF is giving loan to Zimbabwe. This loan will be used to rebuild the shattered economy of the African nation.
Walt Disney Corporation has announced to the world that they will be buying Marvel Entertainment. The comic book and action hero company will be sold for about 4 billion dollars. As of now, the wait is for the approval of the shareholders of Marvel. The shareholders will get 30 dollars for every share in cash and also 0.745 share of Disney for each share of Marvel which the shareholder owns. Marvel owns the rights of many action hero characters and will be an important buy for Disney.
