Views on the News 23/5/09
- Published in News & Comment
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No green shoots only economic misery Despite all the talk in some western capitals about how their economies are showing signs of recovery the exact opposite is transpiring. This week the US Federal Reserve forecast predicts that the US economy will contract by as much as 2% this year, an increase from the 1.3% contraction previously estimated. In addition, recovery in 2010 and 2011 will also be slower than first…
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