The IMF recently published its latest World Economic Outlook Update. The forecasts are not surprising: “The global economy is beginning to pull out of a recession unprecedented in the post–World War II era, but stabilization is uneven and the recovery is expected to be sluggish.”
However the situtation is different in China, which is expecting 7.5 % growth in 2009 and 8.5 % in 2010.
Data source: IMF / Chart: PBN
While the output in the Euro area is expected to be -4,8 % in 2009 and still negative in 2010, the Chinese economy is recovering very fast, reaching as high values as in 2007.
How can we profit from this Chinese growth here in Central Europe?