Global Economic Outlook: Recovery in different gears
Mar 11th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Standard & Poor's the credit ratings agency, says in its latest Global Economic Outlook that the global economy seems to have turned a corner, and so-called green shoots are sprouting around the world. Governments' coordinated monetary and fiscal efforts largely help explain the apparently simultaneous -- if slow--recoveries that many countries began to enjoy late last year, but the primary cause of the recovery is that world financial markets are getting back to normal, again in large part because of heavy intervention by central banks and government agencies.