The news is moving more quickly than I can keep up with. I have just arrived back to the office after running my dogs and CNN announced that Germany is in recession. So when we look at the world’s largest five economies, three are in recession, the United States is all but in recession and China while not in recession is going to grow at a much reduced rate than has been the case in recent years.
These are the five largest world economies:
1. United States – One more quarter of negative growth and will be officially in recession
2. Japan – In recession
3. Germany – In recession
4. China – Not in recession but growth estimates slashed (October Growth rate down 3.2%)
5. United Kingdom – In recession