"Economists are pessimists: they've predicted 8 of the last 3 depressions."
--Barry Asmus

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Wednesday, April 27, 2011

World News

  • Belgium is celebrating one full year without a government today.  Caretaker Prime Minister Yves Leterme says three more months will be required to form a coalition government.  Belgium's economy grew at an annualized rate of 1.6% during the lack of a government, and it's budget deficit has fallen below 5% of GDP[1].



United Kingdom

  • UK GDP has grown by 0.5% in Q1 2011, reducing concerns about the risk of a double-dip recession.  However, given that Q4 2010 had a 0.5% decline in GDP, this means that the UK is not yet back to where it was at the end of Q3 2010.

United States

[1]  No specific moral here or anything.  I'm just repeating what the article said . 

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