The contracted global economy is literary palpable with unemployment numbers going through the roof.
The World Bank recently projected that the global economy will shrink in 2009, with growth in the developing markets dropping from 4.4% to 2.1%. They also project that recovery will commence in 2010 albeit at a slowed pace.
What’s more interesting is that the recovery depends on where in the world you live:
A curious note is that the most substantial GDP growth is registered in the emerging markets, especially in Asia.