Some of the European economies have contracted ever so slightly in the 4th quarter of last year, but if measures are under way to redress that shortcoming, hopefully this current quarter will prove to be some improvement, thereby averting a technical recession.
The European Presidents were in China, and seem to have returned with expressions of co-operation from the Chinese leaders, with support for bailout funds. China is likely to increase imports of high-end products from Europe. Continued and increasing trade will help to re-balance the books, helping Europe grow and China avoid a hard-landing.
Here in the U.K., the Deputy Prime Minister has announced measures to create solid apprenticeships for 400,000 school and college leavers. Busy hands and minds will help create wealth in due course, and with vocational training, Britain will hopefully not have a lost generation. The government is doing everything possible for the youngsters, and hopefully local businesses will create opportunities for the stars of the future.
I feel greatly optimistic for this year for the worldwide economic Recovery.