Highlights

After the worst recession in 60 (some odd) years, the world economy, should expand into 2010 and that’s great news for most of us. As I’ve mentioned before on this blog, trade around the world is on the mend and most of the world’s major economies are recovering – for now anyway.

Asia is one of the markets that is one of the main drivers of growth in 2010 and that’s good to hear for most of us, especially those of us following international trade. But watch for Asia in 2010!

The labour market is one area that is starting to turnaround and things like home salves are starting to move in the right direction as well. It’s slow and I know a lot of people are struggling right now but there is an end in sight at this point. In 2010 there should be expansion in as much as 3.5% for the entire and I know the politicians are happy about this (even though they didn’t have much part in actually turning things around).

External demand in North America gave the Canadian GDP a big boost in the fourth quarter of 2009 and expect that to continue. Although not hardest hit by the recession, Canadians are still hurting. The first quarter of 2010 should be a big one. That’s my predication anyway but we’ll see. I’ve been right before but I’ve also been wrong.