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A theory is appropriate as long as it fits into the fact; when a theory doesn't fit in the fact, it's wise to walk with the fact.

Wednesday, January 25, 2012

World Economic Outlook Update, IMF

International Monetary Fund publishes its flagship publication, World Economic Outlook Update 2012: Global Recovery Stalls, Downside Risks Intensify. With global economic projections, WEOU still doubts on quick global recovery in the near future, basically due to the continued strains and fragilities in the developed world, especially in the Euro zone. In fact, WEOU projects that Euro area economy is now expected to go into a mild recession in 2012 as a result of the rise in sovereign yields, the effects of bank deleveraging on the real economy, and the impact of additional fiscal consolidation.

Here is the link of the update.