-- IMF admits that the West is stuck in near depression
If you strip away the political correctness, Chapter Three of the IMF's World Economic Outlook more or less condemns Southern Europe to death by slow suffocation and leaves little doubt that fiscal tightening will trap North Europe, Britain and America in slump for a long time. --
Full text
Comment: Just as wrong as the IMF was not to foresee the current crisis, in the same way the IMF is wrong now with its predictions that "the West is stuck in near depression" and that fiscal prudence would prolong the slump.
No comments:
Post a Comment