Still, the good
news on that front is Europe: The
eurozone has formally crawled
out of recession, the U.K. is coming along at modest but positive pace, and Eastern Europe is being buoyed by growth in Germany.
His comments, made to the U.K.'s Daily Mail, came on the same day as a «raft
of dismal economic
news from around the world, with manufacturing output falling in Britain and Europe, unemployment jumping in the
eurozone and America, and fast - emerging economies such as Brazil and China showing signs
of running
out of steam.»