Which countries have been displaced most by the global recession? The Russia effect

This post examines global economic growth and investigates which parts of the world have been knocked out of their economic stride by the 2008/2009 recession. It finds that, just as there was a China effect in who has rebounded fastest this year, there has been a Russia effect – or certainly a post-Soviet effect – looking at those economies worst hit. Both findings highlight the importance of regional and continental economic links, even in a globalised world.

Are more open countries being hit harder in the recession?

A review of the IMF’s April 2009 World Economic Outlook, and an analysis of the fastest growing – and contracting – economies of 2009. The 2009 economic growth in Africa and Asia is welcome, and growth (albeit weaker) in China and India indicates the beginnings of self-sustaining domestic demand in those economies.

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