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Is the recession over in some countries?

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posted on Sep, 16 2009 @ 11:27 AM
I was whatching the news and heard the recession is over in Canada, but I really dont see how it can be over for us but not for the U.S.A? If the U.S.A is still going through it Canada is to??? Can anyone clear this up for me? Also are any of you aware if any other countires are recovering quickly from the recession?

posted on Sep, 16 2009 @ 11:52 AM
Last quarter, the GDP in Germany and France grew by .03%, so technically, the recession is over in those countries. That doesn't really mean much though because of the hit that the economies took before that. It will be a while before everything gets back to where it was, if it even does.

The thing that I'm interested in seeing is if Germany will be able to hold this economic "growth" and turn it into something. Essentially, the only reason that the economy grew here is because Germany did a "cash for clunkers" type program [America stole the idea!]. Many Germans took advantage of this program and went out and bought new cars. The program lasted a really long time and therefore would've have a large impact on the economy. Since that program has run it's course, and not much else besides that has changed in Germany, the economy should contract again, but we'll see.

I saw a story on the news here where they said that countries that are more socialist (Canada, France, etc.) are going to show signs of recovery faster than more free market economies (UK and US) because they're more willing to just throw money at people to get them to do stuff. The down side with the socialist recovery is that, it gets out of the gate quickly, but slowly loses steam because, due to the recession, the government still is handing out massive amounts of cash in the form of unemployment compensation. With the more free market style systems, they'll start slower in the recovery, but since there isn't, normally, a ton of regulations on businesses, they'll end up growing faster because businesses are allowed to do more with their money than pay taxes. I found it interesting anyway.

posted on Sep, 16 2009 @ 12:08 PM
I'm not an economist, so I'm just adding speculation here, but do you trust any government to not be massaging the figures? I'd dearly love for the worlds' economy to be picking up, things that I think are probably going unaccounted for within those figures are going to be employment/unemployment figures and living standards amongst others.

With the banking debacle still running rampant it seems highly unlikely that we're going to see any real recovery, problem is until we see some real improvement we won't know who to believe as a valid source.

posted on Sep, 17 2009 @ 04:39 AM
reply to post by octotom

Actually a couple very defined differences between the US and others like Canada and Germany even England for that matter.

One thing that should be very clear is that the monetary system in the states is very flawed and hinges on a pyramid scheme to sustain it, no really!!
The US BORROWS ITS OWN MONEY which from the onset created a growing deficit that other countries DO not have to compete with.

The US is largely a consumer and imports far more than it exports, both product and general services like water and electric (from Canada which they still owe huge amounts of money for)

The industries left from the great outsource project have left non producing jobs and I'm guessing here but at least 60% of what was produced there has long been sent to Mexico (apparel Industry pretty much any cloth type products), The Northern states that have a lumber industry are so decimated that they aren't competitive anymore, as is with mining related industries, leave service type jobs that have been hard hit because of the lack of customers needing sales, customer service etc.

Compare the countries fending off the hardship and you will soon see the difference intermediately, they PRODUCE and export more than they consume.

And those widgets don't count, the US had to import the components to glue together to sell.

Ohhhhh yeh the great US model is in some big time trouble kids.....
I'm sure I just skimmed over the overall reasons but in a nut shell thats how I see it (over simplified for explanation).

posted on Sep, 17 2009 @ 04:46 AM
reply to post by octotom

You made another good point that I think people really loose site of, its so funny how the US politician can take good ideas and totally bastardize them into being completely ineffective, and in most cases more destructive!!

I suppose that's why other countries completely make the art of lobbyists ILLEGAL. since its just organized bribery. selling out there constituents for the best offer.

posted on Sep, 17 2009 @ 04:59 AM
I think people misunderstand the situation. It's not a recession, the old economy is broken, and we need to make a new one.

posted on Sep, 17 2009 @ 05:04 AM
reply to post by svpwizard

I know you said you're guessing.

Lets see some facts esp for this little bit of information here.
Thanks in advanced. I'm a stickler for facts.

The US is largely a consumer and imports far more than it exports, both product and general services like water and electric (from Canada which they still owe huge amounts of money for)

posted on Sep, 17 2009 @ 05:18 AM
Just to let you know... Australia was never in recession after the melt down.

posted on Sep, 17 2009 @ 05:35 AM

Originally posted by sirmojo
Just to let you know... Australia was never in recession after the melt down.

Hmmm....I was under the impression that we avoided 'recession' because of the stimulus packages handed out, that our kids will be paying for.....

My family runs a video game shop and we have just made the decision to shut shop - the market just isnt what it was 2 years ago. Now, whether that's due to the recession Australia isn't having or the increase in internet shopping, we'll probably never know. Maybe a bit of both?

Whatever the reason, trade has definately slumped in our industry, food seems to cost more each week, the bills are piling up and even school fees are higher now.

I have heard the PM state that we avoided a recession, but heard our deputy PM refer to the recession we are I really don't know if our country is in a recession or not. I know many of our small town shops are also struggling with a loss of trade. Could be just Aussies hanging on to their dosh to use when times get tougher.

posted on Sep, 17 2009 @ 05:58 AM
reply to post by SLAYER69

I understand, and the research would be incredible.

But here is some quick research points.

inks are available from Wikimedia for most of the factoids

Hydroelectricity , fossil fuels such as oil , natural gas or coal, and no imports are needed. ... Brazil, Canada, Norway, ... hydroelectric dams, but exports 90% of its ...

Ok so if Canada is exporting 90%, you want to guess at who they are exporting it to ?????? can't be tooooo far from the border Aha.

The United States is home to the largest passenger vehicle market of any country in the world.. Overall, there were an estimated 250,851,833 registered passenger vehicles in the United States according to a 2006 DOT study, with vehicles outnumbering licensed drivers.

more interesting read is the full story but in short you will soon see they IMPORT MORE than they export even if they are a leader in exporting and importing.

Link to full story

The United States has a capitalist mixed economy, According to the International Monetary Fund, the U.S. GDP of $14.3 trillion constitutes 23% of the gross world product at market exchange rates and almost 21% of the gross world product at purchasing power parity (PPP).

The largest national GDP in the world, it was about 4% less than the combined GDP of the European Union at PPP in 2007.

The country ranks seventeenth in the world in nominal GDP per capita and sixth in GDP per capita at PPP.

**** THE RUBBBBBB *****
** my comment** the largest IMPORTER and only the third largest exporter, due to the size of the US they would be a very large player but you can't import more than you export can you, unless you plan to run a deficit. ***

The United States is the largest importer of goods and third largest exporter, though exports per capita are relatively low.

Canada, China, Mexico, Japan, and Germany are its top trading partners.

The leading export commodity is electrical machinery, while vehicles constitute the leading import. The United States has slipped down from previous first position of the overall ranking in the Global Competitiveness Report to second place. Switzerland now tops the list.After an expansion that lasted just over six years, the U.S. economy has been in recession since December 2007.

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