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Aug 31, 2010 / Richard Hall

DOUBLE DIP – EVIDENCE SUGGESTS NOT

My favourite chart, because it summarises the entire world economy in one line, shows remarkably how we:

  • held growth steady at more than 4% up to the end of 2007
  • fell off a cliff to worse than a 2% downturn at the beginning of 2009
  • and have now recovered back above 4% growth in the second quarter of 2010.

 World GDP % Change on a year earlier

It’s plain to see from the latest graph printed in the 31st July edition of The Economist.

So far, so much better than many would have imagined.

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