Economic Growth is Uncertain, at the Least
July 26, 2011 Leave a comment
An objective view of the future of the US and other developed countries suggests more challenges rather than fewer ones.
Perhaps for the first time in modern history, the future of the global economy lies in the hands of poor countries. The United States and Europe struggle on as wounded giants, casualties of their financial excesses and political paralysis. They seem condemned by their heavy debt burdens to years of stagnation or slow growth, widening inequality, and possible social strife.