Thursday, 4 June 2009

Some snippets of good economic news

India's economy grew 5.8% in the first three months of this year compared with the same period last year. This, the BBC reports, was better than had been expected. And in China this morning's edition of the English language China Daily said that an executive meeting of the State Council presided over by Premier Wen Jiabao on Wednesday was told that, signalling a recovery in China's employment market, 3.65 million urban residents found new jobs in the first four months of the year.
Growth in these two major Asian economies will largely determine whether Australia continues to stay out of the world's generally recessionary clutches and here there are also some encouraging signs with a range of metal prices having rallied from their lows over the last year as these graphs from the London Metal Exchange show:
Another major export income earner - the tourist industry - also appears well and truly over the worst.

Post a Comment