Friday, October 30, 2009

Better recovery than expected

  • US economy returned to growth in the Q3; 3.5% was stronger than expected
  • Unemployment still at 9%
  • Latin America weathered the crisis well: resulting in rapidly appreciating currency and influx of capital that could encourage future bubbles
  • House income fell 3.4%, while expenditure rose 3.4% - people acting on credit
  • DB posted it's best quarterly net profit ever at E$1.4bn

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