Sunday Blog Carnival #56

Welcome to the 31 May, 2009 edition of the Get International Clients Sunday Blog Carnival.

Countries Surviving The Recession:

Australia tops international poll of countries surviving the crisis the best

Below are the full results from the Servcorp International Business Confidence Survey which was conducted in April 2009 over a period of two weeks. The survey was commissioned to understand the current mood, business morale and impact the economic downturn has had on businesses around the world. As part of the survey, Servcorp asked 7,500 international businesspeople from more than 24 nations to identify which countries they believe are surviving the crisis the best. According to the people surveyed, these are the countries perceived to be surviving the economic crisis the best:

Richard Annotico presents Italy Surviving Global Recession better than Euro Partners; Britain, Germany, France, and Ireland posted at Annotico Report saying ” It wasn’t supposed to be like this. As Britain and America suffered the inevitable consequences of falling house prices, frozen credit and massive consumer debt, the former plodders in the eurozone, with their preference for safe banking and greater reliance on manufacturing rather than services, would emerge relatively unscathed, said policymakers in France and Germany – at least until recently. Referring to the “meltdown” of Iceland, London is being called “Reykjavik-on-Thames”. Germany is being called Reykjavik-on-the-Rhine and Ireland Reykjavik-on-Liffey. The joke goes that Ireland, whose property bubble has spectacularly burst, differs from Iceland only by one letter and six months. The Mediterranean countries – Portugal, Italy, Greece and Spain -… are also dealing with their slumping economies and high public debt. ”

Amit Agarwal @labnol presents Countries that are Least Affected by Recession posted at Digital Inspiration saying “Australia takes the top spot followed by China with India and Singapore in equal third place. Qatar is the only gulf nation that figures in this “relatively” recession-proof list.”

The West Australian @thewest_com_au presents Australia best to beat recession posted at The West Australian saying “Australia stands out as an island of calm amid the global economic storm despite pessimistic government and media responses, an international business confidence survey shows. One in five international businesspeople cited Australia as the country best surviving the recession in a survey of 7500 people in more than 24 nations.  Australia placed first in the survey, ahead of China, with India and Singapore in equal third place. New Zealand also fared well, ranked ninth.”

Hiroaki Hara presents Asian interdependence key to surviving recession posted at World Eye Reports saying “Japan is the world’s second largest economy and is looking to assume a leadership role during the current global financial crisis. Aside from keeping its own economy in order, Japan has urged its Asian neighbors to boost financial cooperation and maintain existing regional development initiatives. Japan is among the many countries that view Asia as a vital contributor to growth for its companies during this current global economic downturn.”

The Age presents South Africa slips into recession posted at The Age saying “South Africa’s economy, the largest on the continent, slipped into recession as official data showed that gross domestic product contracted by 6.4 per cent in the first quarter. “The seasonally adjusted estimate of real GDP at market prices for the first quarter of 2009 decreased by an annualised rate of 6.4 per cent compared with the fourth quarter of 2008,” Statistics SA said.”

The Associated Press presents Geithner wields little leverage in China talks posted at WGSO saying “Timothy Geithner’s first trip to China as treasury secretary comes at an especially vulnerable time for the Obama administration. Mired in a brutal recession, the United States needs Beijing to boost its purchases of U.S. goods, let China’s currency rise and take other steps to narrow an enormous trade gap. And it needs China’s help to combat any military threat from North Korea. The problem is Washington’s leverage has waned just as China’s power over the U.S. has grown. China is now America’s biggest creditor. As of March, it held $768 billion of Treasury securities – about 10 percent of publicly traded debt.”

Phil presents China will have a Short-Term Recession posted at Phil for Humanity saying “China is pulling itself out of the worldwide recession by investing in itself. For instance, their economic stimulus plan mostly involves infrastructure improvements, such as newer and bigger highways, railroads, ports, buildings, etc. just to name a few of their enhancements. The basic idea is that China already needs these improvements to their antiquated and insufficient infrastructure. These improvements will mean millions of new jobs throughout China for Chinese workers. This is especially useful because of the millions of jobs that have already been lost because of the worldwide recession. This will have the added benefit of also suppressing some of the civil unrest because of the downturn in the Chinese economy.”

That concludes this edition. Submit your blog article to the next edition of get international clients using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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Tagged as: china recession, countries least affected by the recession, south africa recession, surviving the recession