Through the IMF’s World Economic Outlook, economic growth forecasts for 2008-2009 are expected to deliver mixed results. From the Economist, “The world economy as a whole is expected to grow by 3.7% this year, well down on the fund's last estimate in January of 4.2%.
The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt
Tuesday, April 15, 2008
World Economic Growth: Mixed Picture But No Depression
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