Wednesday, December 31, 2008

Sneak Peek 2009 The Global Economy

Trends, unconventional wisdom, and misplaced conclusions all wrapped up with predictions.

Adam Smith weeps: The lurch away from market capitalism toward state capitalism in key U.S. and U.K. industries dims points of light for the rest of the world.
The world economy will do well to grow by 1% in 2009, but it will grow, thanks to 4.5% growth in the developing world.
Emerging markets in Asia will slow, but not nearly as much as developed markets in the U.S. and Western Europe.
Borrowing will be the big issue for Europe as government policy begins to matter more and more to markets.

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