Nirmal Bang Securities Pvt. Ltd. - Daily Report 040909

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Equity Research
The global recession is coming to an end faster than thought a few
months ago and may already be over, but recovery will rely on
massive government spending and low interest rates for some time,
the OECD said on Thursday. The OECD forecasts show a third‐quarter
return to annualized quarter‐on‐quarter growth in the United States
of 1.6 %, 1.1 % in Japan, and 0.3 % in the 16‐country euro zone, led by
its two largest economies, Germany and France.
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