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April 20, 2009
Global market gains mask long-term economic problems

Despite the recession, many world financial markets have risen sharply in the last six weeks, but analysts warn that those gains mask the deep economic problems that remain and will continue for some time.

Marcus Mabry, the international business editor of The New York Times, discusses how governments are approaching budget deficits, Eastern Europe’s fall and the economic outlook for the rest of 2009.

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[…] China’s growth rate is sluggish compared to recent years, the country will likely play a major role as the globe tries to recover from the financial crisis — media reports have even referred to […]

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