Tuesday, July 17, 2012

from the "like i neeed to be told " department ...IMF macro merlin ...a grinful frog idiot.... calls world economy "weak"





"Putting everything together, our forecast for world growth is 3.5% for 2012"


and fragile:

"The main risk is obvious: the vicious cycles in Spain or Italy become stronger, output falls even more, and one of these countries loses access to financial markets. "