2009 Looking Slow For International Business
January 29, 2009
By the My MBA Career Content Team – Find Top MBA Degree Programs
For people interested in pursuing international business careers, 2009 is looking like a slow year. With that in mind, now might be an ideal time to position yourself for the economic recovery by starting work on an MBA degree.
This week, Reuters reported that the International Monetary Fund expects the global economy to grow by only 0.5 percent in 2009, which make it the weakest year for growth since the World War II era. In November, the IMF had reportedly predicted a 2.2 percent worldwide growth rate, indicating how much the economy has slowed in the past couple of months.
"A sustained economic recovery will not be possible until the financial sector's functionality is restored and credit markets are unclogged," the wire service quoted IMF chief economist Olivier Blanchard as saying.
The report went on to note that in 2009, the U.S. economy is now expected to shrink 1.6 percent, the British economy could shrink by 2.8 percent, and the combined economies of the Euro area could shrink by two percent.
In light of forecasts like this, now might be an ideal time to join the many other professionals who plan to ride out the recession by studying for MBA degrees, which will help prepare them for new opportunities and higher earnings.
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Related Article Topics: International Business
