Blog: Reborn in the USA
Olly Wehring | 29 October 2009
The world's largest economy, the US, has emerged from recession in the third quarter of 2009, figures released today show.
US gross domestic product (GDP) grew at an annualised rate (that's how the Americans measure it) of 3.5% in the third quarter of the year.
That is the best growth rate in the US since autumn 2007 and will fuel optimism that global economic prospects are looking brighter for 2010.
Second quarter (GDP) figures from Japan, France and Germany show that these countries have also emerged from recession. The UK remains in decline, shrinking 0.4% in the third quarter of the year.
However, with relatively high unemployment and public debt levels, question marks remain over how quickly, and to what extent, the world's major economies will recover.
Chris M. Deputy Ed.
Paul Walsh just can't stay away from the drinks industry....
For those people looking to the Red Planet as shining utopia away from all things earth, look away now....
Bacardi's 42 Below vodka brand has found a novel way to use the lemons left over from cocktail-making: Turn them into liquid soap....
Philadelphia’s soda tax came into force on Sunday, and is reportedly causing a stir in the city's check-out aisles....
- Ten questions for Diageo - Analysis
- Have spirits companies forgotten the mainstream?
- Does alcohol accelerate the onset of dementia?
- How craft beer has shattered its US shackles
- Pernod's mood darkens over India - Analysis
- Moet Hennessy unaffected by LVMH Dior buy
- Distell acquires majority stake in Cruz Vodka
- BrewDog moves into spirits with LoneWolf launch
- Diageo to cut 105 jobs in Scotland, 50 in Italy
- Portman Group heads to Tesco for new chief exec
- Global Scotch insights - market forecasts, product innovation and consumer trends
- Global Champagne and sparkling wine insights - market forecasts, product innovation and consumer trends
- Battle of the Generations - The fight for iGen, Millennial, Gen X and Baby Boomer consumers
- Craft Beer: Coming of Age or Past Its Prime?
- Myanmar - ISA Country Report