Monday, May 17, 2010

More Pesky Forecasts To Keep One From Sleeping Well At Night

"The world’s budget deficit as a percentage of gross domestic product now stands at 6 percent, up from just 0.3 percent before the financial crisis. If public debt is not lowered back to precrisis levels, the I.M.F. report said [on Friday], growth in advanced economies could decline by half a percentage point annually."

Image credit: (c) American Museum of Natural History 2010


Post a Comment

<< Home