Sunday, August 09, 2009

Map of the World Recession

The Economist has a neat map that shows which countries are in recession, at risk, and where the economy is still growing. Not surprisingly most of the world is in recession. Meanwhile, places like oil rich Venezuela and Saudi Arabia are only "at risk" though many government programs have already been limited in order to keep a collapse in check. The real winners so far are the People's Republic of China, India, and few others. While their economies have slowed, they are still growing. The everlasting need for better infrastructure and being an exporter for many of the first world's goods and services has made for a firm economy for these countries. Only a depression in the first world will seemingly harm these new markets.

1 comment:

Dan tdaxp said...

When I was in China, I was struck by the concrete (that is, not-TARP-like) measures taken by the government. The military was hiring. State-owned companies were hiring. New subways were opening. Lots of things were going on.

People did not seem to be worried about the future.