Which countries report positive GDP growth in 2nd quarter 2009?

[Castout]

So if you know any please list them here along with the number. It's only for 2nd quarter 2009 and only positive numbers allowed that is to say only countries that reported positive GPD growth in the 2nd quarter that are to be listed. Let's see which is which shall we?

-Singapore 20.0%. I found this number absurd though. If it's true that means this country's economy is as sensitive as a homemade low explosive bomb. Or it's among the hardest hit by the crisis.

-China 7.9%

-India 7.6%

-Egypt 4+%

-Hongkong 5+%. Well technically not a country but maybe worth mentioning

-Indonesia 2+% Which never see contracting economy(along with a few other nations such as China and India) since the global crisis made its presence felt though growth has declined by more than two third.

-South Korea 2.3%

-Israel 1.0%

-Japan 0.9%

-France 0.3%

-German 0.3%

-Poland xx%(unknown) but a good candidate to see positive 2nd quarter growth after it saw positive growth in the first quarter(0.8%).

I know there's no guarantee that these countries will see continuous positive growth in the subsequent quarters but still it's interesting to note that a few countries have had a wind of change which is best noted with their positive GDP growth from contraction in the previous quarters.

[SteamWake]

Originally Posted by Castout

-Singapore 20.0%. I found this number absurd though. If it's true that means this country's economy is as sensitive as a homemade low explosive bomb. Or it's among the hardest hit by the crisis.

Probably a good opium harvest

[XabbaRus]

The UK hasn't.....

[Castout]

Originally Posted by XabbaRus

The UK hasn't.....

Yea I know that and US is still contracting at 1%. Russia is a lot worse too.

[Castout]

The most interesting data that could be used somewhat as a global indicator imo is Japan's GDP growth report. Japan to a very large degree is dependent on export and for the first time it now saw a positive GDP growth in its 2nd quarter. The forecast was that Japan economy was going to contact by as much as 3.1% in the second quarter. So the definitely must be an unexpected surge of export demand in Japan as it now saw a positive 0.9 growth in its GDP. This might be taken as a sign ,however weak, that the economy is on its way to recover.

[Castout]

Originally Posted by SteamWake

Probably a good opium harvest

I read most of that growth was contributed by pharmaceutical industry..maybe they got a large order of swine flu vaccine from Europe?
Must be quite a windfall as the country is so small it cannot expect to see growth coming from its domestic demand. 20%?? If they got a near vertical GDP contraction then it makes sense lol.