Of the 33 countries presented in this table, none had gains in their index for 1 day, month-to-date, 3-months, year-to-date, or 1 year.  Fewer than 1/2 had gains for 3 years.  Most had gains for 5 and 10 years.

click image to enlarge

Funds listed as proxies for the MSCI country indices are: EWA EWO EWK EWC EWQ EWG EWH IQE EWI EWJ EWY EWN LIS EWS EWP EWD EWL EWU SPY EWZ ECH FXI INP IF EIS EWM EWW ESX EZA EWT THD TUR TRAMX

IMF Country Economic Growth Projections:

The IMF is predicting world growth in 2009 to 3% (down from 3.9% projected in July), which is about 40% down down from the 2007 estimate of 5.2% reported in the CIA Factbook.

The IMF cut 2009 projections for India from 8% to 6.9%, versus growth of 9.3% in 2007.

They cut China’s projected growth for 2009 to 9.3%, versus 11.9% in 2007.

They predict 0.1% growth for the US economy, and 0.2% for the EuroZone in 2009.

Richard Shaw
QVM Group LLC

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