Saturday, October 24, 2009

Record Profit for Hyundai: Good News for Global Economy

In the last few days, we have seen good earnings from Apple and Google. So, it indicates that technological companies are going to do well and it is perhaps one indication that economic recession is coming to an end. Well, economic recession perhaps hit most the auto industry. So, the good earnings of Hyundai is perhaps another indication that things are going to become better for the global economy. Hyundai is a Korean company and it announced its earnings recently for the last quarter. The profit was excellent and defeated any kind of expectations. That is why, I am hopeful about the global economy.
Most probably we are going out of the recession faster than anticipated. The worst is perhaps over. However, we have to be careful that recession does not come back again quickly. We should learn some lessons from the recession.