Re:The recession may be lifting
by ojbyrne on Monday April 06, 2009 @11:58PM
(#550311)
I think the pessimists are missing one thing. India and China's economy, while hurt, still have positive GDP growth. While the US might continue to crater, 2.5 billion people are going to have higher standards of living next year, and the year after. That didn't happen in the depression.
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That's a good point, and I think India and China will do well through it all. But remember that a lot of demand for manufacturing and production in these countries comes from Europe and North America. So while they won't dip nearly as low as, say, the States, it will still hit even these rising stars.