Article Image
News Link • Economy - International

Bright Spots Amidst the Gloom

• www.cnbc.com
An improvement in manufacturing, employment and retail sales data in the United States, and mounting signs that Europe will agree on a rescue plan large enough to contain the Greek debt crisis, have lifted some of the gloom overhanging the global economy.

But the gains are highly tentative and policy mistakes in Brussels this week could easily upend the outlook.

Over the past three months, political gridlock in Washington over the U.S. budget deficit and infighting in European capitals resulted in the biggest falls in the prices of risk assets since the collapse of Lehman Brothers in late 2008.

Global stock prices have since stabilized, and in Europe even posted gains over the past week, easing fears that the developed world would drive the global economy off a cliff.

 

Join us on our Social Networks:

 

Share this page with your friends on your favorite social network: