'Red warning lights' flashing for global economy
LONDON (AP) — The global economy's problems seem to be multiplying.
Hours after the leaders of the world's 20 most developed economies sought to boost confidence by promising to increase global output by $2 trillion over five years, Japan said it had fallen into recession.
That leaves the country — the world's third-largest economy — on a long and growing list of troubled economies. China is slowing as well, and Europe can't seem to take off.
Among major economies, only the United States and Britain are growing at decent rates, and how long that lasts depends on how much trouble their trading partners are in.
British Prime Minister David Cameron warned in an opinion piece in the Guardian newspaper on Monday that the "red warning lights are flashing" for the world economy.
We keep hearing nothing but good news for the US and British economies, but the rest of the world is slowing, which can ultimately impact us negatively. Makes me wonder what scenario is correct, and will the FED raising interest rates set off a decline or give it a boost? The Markets are higher than ever, gas is cheap, and the long drawn out mortgage crisis is in sight of ending. So what is it, sunny sailing ahead, dark skies or a mixed bag depending on certain key factors? Anyone's guess right now, and probably only a few major crises from another bailout? Pouring financial support into the top corporate structure of the world does not seem to be generating any real growth.