THIS IS A LIE!
If you read between the lines, it says “due to stimulus spending” there economoy grew 7.9%.
This is another example of media trying to prepare us for a second round of stimulus spending, and make us think it worked for the chinese so it should work for us.
BULLSHHHHHHHH
The World Bank has given warning that global economy will fall into a "deflationary spiral" unless urgent action is taken to reduce high levels of excess capacity in industry.
By Ambrose Evans-Pritchard
Published: 6:21PM BST 15 Jul 2009
Justin Lin, the bank’s chief economist, said factories running idle around world threaten to trap economies in a vicious cycle, risking further spasms of financial stress, requiring yet more rescue packages.
"Significant excess capacity has been built up and unless this issue is addressed, we will face a deflationary spiral and the crisis will become protracted," he told an audience in Cape Town.
Mr Lin said capacity use had fallen to 72pc in Germany, 69pc in the US, 65pc in Japan, and as low as 50pc in some developing countries, mostly touching lows not seen in modern times.
[snip]