International Update – State of the Nations

Global growth cooled significantly during 2008, with the outlook for 2009 getting gloomier by the day. As growth eased, numerous central banks opted to drop interest rates significantly to stimulate financial markets and support investment sentiment. Lower global demand should (and have already) lead to lower inflationary pressure in the short term, but the worry remains how long the inflation genie will remain in the bottle. Below is a snapshot of a few countries, which are the major engines behind world growth, with their current growth performances and inflationary trends. Read on