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From Financial Crisis to Global Recovery$
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Padma Desai

Print publication date: 2011

Print ISBN-13: 9780231157865

Published to Columbia Scholarship Online: November 2015

DOI: 10.7312/columbia/9780231157865.001.0001

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Global Recovery Prospects

Global Recovery Prospects

North America And Eu Rope, Asia, And South America

(p.80) 4 Global Recovery Prospects
From Financial Crisis to Global Recovery

Padma Desai

Columbia University Press

This chapter examines the prospects for economic recovery of North and South America, Europe, and Asia in 2010. The North American economy recorded positive real gross domestic product (GDP) growth between two and three percent in 2010. With the exception of Venezuela, which had a growth forecast of exceeding negative two percent, the growth of major South American countries in 2010 ranged from two to five percent. With the exception of Greece, Ireland, Italy, Portugal, and Spain, the rest of the European states comprising the Economic and Monetary Union (EMU) showed positive signs of recovery in early 2010 and eventually stabilized by mid-2010. In contrast, Asia presented solid GDP growth prospects for 2010, led by China, India, South Korea, Malaysia, and Indonesia.

Keywords:   economic recovery, North America, South America, Europe, Asia, real gross domestic product, real GDP

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