The Economist (August 12)
2010/ 08/ 15 by jd in Global News
Suddenly Europe’s economy looks much stronger than the America’s. The Economist cautions, “it is only a matter of months ago that fortunes were reversed. Then America seemed to be pulling strongly and Europe was the laggard.” Europe’s economy is still fragile, dependent on exports (especially from the BRICS) and, excepting Germany, many European countries still wish they had America’s economy. Moreover, the Economist does not foresee a double-dip recession in the U.S. because of healthy corporate balance sheets and plenty of cash on hand.
Tags: BRICS, Double-dip, Economy, Europe, U.S.
