The UK and Germany also have not witnessed resurgence in their economies. In fact, based on predictions, it is quite possible that the UK's economy may fall by a further 3 percent, and that of Germany by over 2 percent. 

The current status has given rise to new developments with the economies of India and China rising to new levels. 

The economy of Japan was always good, but it has also seen a 25 percent fall due to the recession. Lately, there appears to be a steep rebound from March 2009 onwards. 

The Eastern Europe economies are also on the rebound. 

It is, however, not so rosy a picture for the Australian economy. The National Bank of Australia does not expect any growth even in 2010.  However, there has been a small spark of betterment in August 2009 for the Australian economy, and this has led many people and economists to hope for a moderate recovery of about 2.5 percent. 

The economy of Singapore is also expected to fall a little more by 5 percent in 2009. 

The world economy has fallen by 2.5 percent in the year 2009. On the optimistic note, one can only hope that 2010 will see a rise in the economies of the world.

More Articles :

• Advantages And Disadvantages Of Planned Economy
• Automobile Industry Impact On Us Economy
• Comparing World Economies
• Economy In Liberia
• Economy Recession Causes
• How Is The Economy In Los Angeles ?
• Ranking World Economies
• Tax Cuts To Stimulate The Economy
• Wars Effect The Economy
• What Signs Tell You The Economy Is Turning Around ?
• What Type Of Economy Does Iraq Have ?
• World Economy News