The recession word if bringing out good news for a change
We got these 3 statements just over the past few weeks.
France is out of recession
Japan is out of recession and now i am sure there will be more to follow , as with all major economies coming out of the recession .. their smaller partner countries will surely benefit from them as well.
Japan has come out of recession after recording growth of 0.9% in the April-June quarter, compared with the first.
The boom times are here and the lucky people who get on this train before the ticket prices start to boom out of proportion will be the lucky ones and enjoy the ride. recession has been a dirty word so far in 2007 – 2008 – 2009 .. but things are definitely changing.
Recent figures have shown other nations out of recession, including Germany, France and Hong Kong, as a sign the global slowdown is easing.The German and French economies account for about half the output of the eurozone.
In other news:
Fortescue shares jumped on the news and were up 17 cents, or 3.8 per cent, at $4.62 in afternoon trade, while BHP sharesdropped 80 cents, or 2.1 per cent, to $37.36 and Rio slumped $1.77, or 3 per cent, to $58.22.
Andrew "Twiggy" Forrest’s Fortescue Metals Group has broken ranks with BHP Billiton and Rio Tinto by agreeing to a 35 per cent reduction in the price of iron ore delivered to Chinese steel makers, putting pressure on the larger miners to reach agreements.
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