- (Bloomberg) -- Goldman Sachs Group Inc. cut its forecast for the global economy for the second time in eight days after predicting a deeper recession in Europe. “Following the reduction of our Euroland growth forecast to minus 3.6 percent in 2009, the world economy is now likely to contract by 1 percent this year,” said London-based Goldman economist Binit Patel.
- The U.S. trade deficit fell in January to the lowest level in six years. Exports were down 6% while imports were down 7%. The result was $36.0 billion of net imports, less than expected.
- The University of Michigan's consumer sentiment index rose from 56.3 to 56.6
- Canada’s unemployment rate rose to 7.7%
- The European car market shrank 18% in February
1 comment:
Wonderful GLOBAL economy. We're all neighbors, consumers of each other's products, ad naseum...I am worried when I see Canada's unemployment rate climb and all the other excitement in our crashing economic world. ...just checking in. Patti
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