I recently contributed a guest article to a website run by Sital Ruparelia dedicated to “Career & Talent Management Solutions“. In the article I discuss the outlook for the global economy.
Sital is a regular guest on BBC Radio offering career advice and job search tips to listeners. Being a regular contributor and specialist for several leading on line resources including eFinancial Careers and Career Hub (voted number 1 blog by ‘HR World’), Sital’s career advice has also been featured in BusinessWeek online.
Quarter 3 Economic Review: Turbulent Times (With Some Opportunities)
The global economy and markets continue to go through turbulent times. Unfortunately doubts about the sustainability of the recovery in global economic activity have persisted and signs of recovery have been limited and weak. On a positive note, the appetite for risk has improved and equity markets registered solid gains over the past quarter, bringing many equity indices back into positive territory for the year.
Slow and gradual recovery in the US
Whilst it now appears that the US economy will not go through a double dip recession over the coming months, it has also become apparent that any recovery will be extremely slow and gradual.
The simple fact that US consumers remain burdened with large amounts of debt means that consumer spending will not recover quickly especially given high levels of unemployment. Moreover, whilst the US economy as a whole is unlikely to undergo a double dip the housing market is facing a renewed downturn following the expiry of government tax credits for first time homebuyers.
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