Sunny Economic Forecast

Here's a sunny forecast: The International Monetary Fund (IMF) says the World Economy should expand by 3.9% in 2010, led by 6% growth in Emerging Markets, including China. Read the report here.

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Teaching Chinese in Cleveland

China is the world's largest exporter of manufactured goods. But it's successfully exporting another asset: The Chinese language. Chinese is being taught at public schools throughout the U.S., including Cleveland. The Chinese government is sending teachers from China to schools all over the world — and paying part of their salaries. Read more here.

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India's Horsepower

The Global Auto Industry's center of gravity is shifting east: In India, the New Delhi Auto Expo recently attracted car makers from 30 countries. “The overall growth rate in India has been 18 percent despite the (global) downturn,” said Neeraj Garg, a director of Volkswagen Group Sales India. The country is expected to produce upward of 3.5 million cars in the next five years. That should help India vault to fourth place in the global car market, after China, the United States and Japan, according to Global Post. Read more here.

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Sonic Boom

The global recession is ending- so what comes next? A "Sonic Boom," according to the title of a book by Gregg Easterbrook. The economist says technology will continue to speed product development and cut prices worldwide. But the boom will also mean job insecurity for legions of workers whose jobs can be done overseas or whose skills become obsolete. Easterbrook recently spoke about his book on the Diane Rehm radio show.

Listen to the radio show by clicking here.

Scroll down to the show title:

11:00 Gregg Easterbrook: "Sonic Boom"

For book information, click here.

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China's Car Bazaar

China has surpassed the U.S. as the world's largest automobile market- a sign that it's middle class is growing. And China recently surpassed Germany to become the world's largest exporter. The news affirms China's status as an economic giant. Now experts are pondering the following question: How long can China's boom go on? Read more here.

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World's Factories Wake up

The manufacturing sectors of the world's largest economies ran faster in December, indicating that global businesses are moving further away from the recession. (Readings above 50 in the graphic above represent expansion.) China's factories continue to churn. The U.S. showed improvement, and so did factories in Japan and the Euro Zone. This should boost trade in 2010.

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Global Stocks Boom in 2000s

Russia's stock market soared 800% last decade. And stock markets in Brazil and India each jumped more than 200% in the 2000s. The numbers show that emerging markets offer wonderful opportunities for U.S. investors and companies interested in doing business overseas. Read more here.

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