The Recession Will End… Not Until 2011!

Says who: The World Bank

“While the global economy is likely to begin expanding again in the second half of 2009, the recovery is expected to be subdued as global demand remains depressed, unemployment remains high, and recession-like conditions continue until 2011,” said Hans Timmer, Director of the World Bank’s Development Prospects Group. (via World Bank report)

Why it might be false: Governments worldwide have announced about $2 trillion in economic stimulus programs, and China targets GDP growth of around 8% this year, keeping it in a position to suck in more raw materials and capital goods…