Global economy gears down
Evidence of a global economic slowdown continued to accumulate in the past month even as the U.S. economy grew at a much stronger-than-expected pace in the second quarter. Economic reports from the other countries we follow were not so bright, with the U.K. economy stalling and likely moving into the early stages of a recession, while Japan’s economy posted the sharpest decline in seven years and the Eurozone economy contracted after a stronger-than-expected first quarter.
New Zealand’s economy is headed toward recession with its monthly economic data pointing to another negative quarter, and Australia’s economy is eking out only subdued growth. Canada’s economy showed a mild improvement in the second quarter after an unexpected contraction in the first, but growth was still anaemic at 0.3%.
Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
( BUS 905-828-3434
8 Website : Mississauga4Sale.com
- Thinking of selling in the next 3 to 6 months? Would you like a Complimentary & Quick Over-The-Net Home Evaluation ?
- On-Line Real Estate Newsletter sign up
- See seasonal housing patterns