Below we highlight 2009 estimated GDP growth for 21 countries. As shown, only China and India are expected to actually grow in 2009, while the other countries are expected to contract. China's 2009 GDP growth estimate is at 7.66%, while India's is at 4%. The US is closer to the top of the list than the bottom with an estimate of -2.49%. It ranks only behind Canada among other G-7 countries. Japan and Germany are expected to see the biggest contraction in GDP in 2009 at -6.61% and -6.06% respectively. The UK is at -3.74%, Russia is at -2.77%, and France is at -2.75%. For more information on international equity markets, subscribe to Bespoke Premium today.
Because China is keeping their currency undervalued by about 50% its moving money from its 'balance sheet' into its GDP calculation. Enron did the same. That's why I'm coining the useage of Chinaron to describe China. Watch out below!!
Posted by: Norman | June 27, 2009 at 02:57 PM