Will 2009 Economy Be Predictor Of Financial Forecast For 2010?
By Phillip Williams on January 13, 2010, 8:10 am Posted in Economy NewsAs companies prepare to report their 2009 profit and loss statements many economists are waiting on bated breath. How 2009 turned out could be a strong predictor of how 2010 will go. While some experts say that it will be years before there is any measurable economic recovery others speculate that 2010 could be the first year to show significant economic growth.
Hopes On China
There is a prevailing idea that China’s massive growth will spurn other world economies to grow in its wake. Others still speculate that China’s growth is not as abundant as reported and could lead to the biggest financial collapse of any country. China’s recent $586 billion stimulus push started last year shows that they are ready to play ball but could their efforts fail? it is unlikely that China’s growth alone will help the US economy and serious efforts need to be made on the American home front if we want to see any real growth. If we pin our hopes on China’s economy to bolster the world economy we could be header for an even deeper depression. Some believe that China is headed for massive economic failure in the near future. If this is the financial future of China than we could all be headed for a global melt down.
Financial Future
There are several different indicators of how well the economy is doing and judging our recession level isn’t easy. The job market, housing market, and stock market are just a few of the economic indicators. The real test will be growth in all these areas. With home foreclosures still high and new home sales low, it looks to be a long road to recovery. The first indicator will be the fourth quarter numbers coming out of the companies. Also, when the companies report in their holiday shopping numbers we will see how far we have to go to climb out of this recession.
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