Questão 739293

Text II – items 38 to 40

The world’s major economies are ____________ and 2004 looks likely to be the best growth year for the United States since the tech bubble ____________. There are signs that Japan and Germany may finally be turning the corner after years of ____________. Yet doubt still h an gs over the big economies like a cloud, producing an increasingly joyless recovery. As global chieftains gather this week at the World Economic Forum in Davos to mull over the theme of prosperity and security, they are finding that prosperity is returning most brightly outside the major markets, in places like China, Southeast Asia and even parts of Latin America and Africa. There is still plenty of talk of bubbles and overh eat in g in some emerging markets, but not all markets are created equal, and a pack of bulls believes a new golden age is falling on these countries as a whole. “This is turning out to be the best period for emerging markets since 1993,” says Ruchir Sharma, co-head of global emerging markets at Morgan Stanley.

The economic forecasters back up the bulls. Southeast Asia is predicted to grow faster than 6 percent, Russia and Poland more than 5 percent, Africa better than 4 percent, and even beleaguered Latin America is expected to rise above 3 percent. According to Global Insight’s research, the growth rebound will be most dramatic in current or former pariah economies: Venezuela will snap back from a 10 percent recession in 2003 to top 5 percent this year, and growth in war-torn Iraq will jump from negative 21.2 percent to a positive 39.7 percent.

_{Newsweek, January 26th , 2004 (with adaptations).}

Considering the ideas and expressions found in text II, judge the following items.

From the text, it can be inferred that the global recovery is oddly joyless in big markets, newly confident in emerging ones.