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Green shoots visible but crisis not over-G8 sources

Puglia: Lecce, the head town of the province, the place where the next G8 will take place.

May 25 (Reuters) – The global economic crisis is not over but the pace of decline has slowed and some positive signs are emerging in the United States and China, G8 sources told Reuters.
The sources, who are preparing the meeting of Group of Eight finance ministers in Lecce, Italy, on June 12-13, said documents being drawn up for the meeting note some encouraging signs.
“The papers we are working on ahead of the Lecce meeting say the first green shoots are emerging, in the United States and in emerging economies, especially China,” one source said.
Another source said the global recession was not over, “but we are seeing a slowing of the speed of contraction.”
“Green shoots” have become a frequently used term by policy-makers and economists in recent weeks as confidence and activity indicators in many countries have shown the first signs of improvement after many months of decline.

Source: http://www.guardian.co.uk/business/feedarticle/8524911

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Author: SIS Property and Tourism

SIS Property and Tourism in business since 2004 as the international branch of Studio Immobiliare Spano, real estate agency founded in 1990. SIS P&T has developed into one of the most specialized local based agencies in this Puglia's area dealing with international clients who intends to invest in the Puglia property market.

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