FISCAL expansion in Asia was greater than that in the US relative to GDP, the Economist Intelligence Unit says in its latest global update, which hints at a renewed slowdown in trade in 2011...
LONDON -- Positive data from a number of countries has led the Economist Intelligence Unit to further upgrade its 2010 forecast for world GDP growth in purchasing power parities from 3.8 per cent to 3.9 per cent.
The EIU says the upgrade mainly reflects upward revisions in growth forecasts for several emerging-market countries, including China, India and Russia. "The flow of positive indicators has led some observers to conclude that the global economy has reached self-sustaining momentum," the EIU says.
"We continue to believe that inventory rebuilding and fiscal and monetary stimulus are the main drivers of growth in many markets, and …
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