Recent news from the Far East and Europe that several economies are moving out of recession seemed to come as something of a surprise to a number of economists. To date China, Hong Kong, Japan, Australia, France, Germany, Portugal, and Greece have all reported figures suggesting they’re on their way out of recession.
Yet our friends at Google are now sitting on probably the most accurate economic barometer of all. Google’s management can see on a daily or, at worst, monthly basis how the world’s major economies are doing. Even looking at the figures Google releases produces some fascinating insights.
Bearing in mind that Google isn’t first in some world economies that are emerging from the “downturn” with vigor, the company’s international sales figures, when compared with the U.S. and U.K. — as released by them — are striking.
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