Saturday, June 13, 2009
Is it possible that this crazy global economic bubble can be reinflated?
Over the past few days, the City has echoed to the sound of frantic scribbling as economists have scrambled to update their forecasts on everything from growth to gold. On the whole, the updates have been upbeat. The recent run of more encouraging statistics continued this week with news of an increase in industrial production in April, more optimistic signs from the housing market and slightly less gloomy noises from employers on job cuts.