Stats

Around the world the recession is easing, or, at least according to economic indicators that is what is happening.

Much of Europe emerged from recession in the second quarter, including the big duo of France and Germany. Most of the rest followed in Q3 including Italy. US GDP grew 0.9% in the third quarter, and Italy’s an impressive 1%. Slovakia has also performed impressively; with growth of 1.6% in Q2 and 1.1% in Q3.

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Mercer’s latest Cost of Living Survey for Worldwide Cities has seen some changes from last year. In a flash overview, Tokyo is now officially the world’s most expensive city to live in for expats. Johannesburg is the cheapest. The top ten are dominated by European and Asian cities, while a major reshuffle took place thanks to currency fluctuations.

UK’s London dropped a massive 13 ranks to position 16 and New York has now joined the top ten. Here are the top ten at a glance:

Rank 2009 Rank 2008 City Country Index 2009 Index 2008

1

2

TOKYO

JAPAN

143.7

127

2

11

OSAKA

JAPAN

119.2

110

3

1

MOSCOW

RUSSIA

115.4

142.4

4

8

GENEVA

SWITZERLAND

109.2

115.8

5

6

HONG KONG

HONG KONG

108.7

117.6

6

9

ZURICH

SWITZERLAND

105.2

112.7

7

7

COPENHAGEN

DENMARK

105.0

117.2

8

22

NEW YORK CITY

US

100.0

100.0

9

20

BEIJING

CHINA

99.6

101.9

10

13

SINGAPORE

SINGAPORE

98.0

109.1

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Columbus Circle New york

The billionaire capital of the world is New York City according to Forbes latest posting of the top cities for billionaires. With 55 billionaires, New York reigns number one even after losing 16 billionaires since last years rating.