Recall, please, that this session of the Oregon legislature declined to expand Mandarin programs in Oregon’s public schools and refused to create the Go Global High School Study Abroad Program. Both would have prepared our next generations to sell our good and services in emerging markets.
Today (6/25/09) the NY Times reports in an article “Emerging Countries May Also Be Driving the Global Economy” by Nelson D. Schwartz and Matthew Saltmarsh that (here):
Despite fears just months ago that they would be among the
biggest victims of the financial crisis, emerging giants like China, India and
Brazil are set to rebound strongly next year, the Organization for Economic
Cooperation and Development predicted Wednesday — as Europe, the United States
and Japan lag.
According to the O.E.C.D.’s semi-annual report, China could grow 7.7 percent this year and 9.3 percent next year, faster than previous estimates. India could grow 5.9 percent this year and 7.2 percent next year, and Brazil’s economy, after slowing down, will reverse this year and expand 4 percent next year.
The O.E.C.D. predicted the United States economy would shrink by 2.8 percent this year and grow by 0.9 percent next year, a bit better than the flat performance the organization estimated in March.
By contrast, the Japanese economy is expected to shrink 6.8 percent this year while Europe should contract 4.8 percent in 2009, with both regions hit harder than in earlier O.E.C.D. forecasts.
Let's keep an eye on where our economic opportunities are and act accordingly.