Q&A: Are there countries not in recession this year?

The simple answer is yes! Although the world economy is forecast to experience a recession this year (Deutsche Bank have pencilled in a 1.9% contraction in global GDP for 2009 and the G7 nations will see output slump by 4.5%), there will always be countries at different stages of the business cycle and those who for one reason or another manage to avoid the worst of the fall out from the global financial and economic crisis. Using forecasts for 2009 from the economics team at Deutsche Bank here are some of the countries expected to avoid a full-blown recession:

Australia (0.3%)
India (4.6%)
China (7.0%)
Asian economies (excluding Japan) 3.6%

All of these countries are in an economic slowdown but they have managed to keep their expansions running through the world trade slump.

In contrast!

Japan (-8.7%)
USA (-3.9%)
UK (-4.0%)
Germany (-4%)
France (-2.8%)
Brazil (-1%)
Russia (-2.4%)

Deutsche Bank is forecasting that global growth will return into positive territory next year but that countries such as Japan and Spain will endure another full year of negative real GDP growth.