Five Years - what a surprise

[AlfredJPruffock]

... leading economist has warned that the world could face five years of economic slowdown and a 10% decline in output.

DeAnne Julius, chairman of think tank Chatham House, said there was a 40% chance of such a lengthy slowdown.

Speaking at a G20 breakfast seminar organised by BBC News, she said an earlier recovery would depend on plans to restore banking lending.

Official forecasts have been much more optimistic, suggesting that the world economic recovery could begin as soon as next year.

The International Monetary Fund, for example, suggests that the world will grow by 1.5% to 2% in 2010 after declining by 0.5% to 1% this year.


DeAnne Julius' pessimistic outlook was shared by businessmen from G20 developing countries who took part in the seminar.

Igor Kalashnikov, who runs a double glazing company in Russia, said business was down two and a half times and there was a climate of pessimism among the media and policy makers.

And Nish Kotecha said that Indian start-up companies were finding it hard to get access to funding to expand their business.

[PM-Junkie]

... leading economist has warned that the world could face five years of economic slowdown and a 10% decline in output.

DeAnne Julius, chairman of think tank Chatham House, said there was a 40% chance of such a lengthy slowdown.

Speaking at a G20 breakfast seminar organised by BBC News, she said an earlier recovery would depend on plans to restore banking lending.

Official forecasts have been much more optimistic, suggesting that the world economic recovery could begin as soon as next year.

The International Monetary Fund, for example, suggests that the world will grow by 1.5% to 2% in 2010 after declining by 0.5% to 1% this year.


DeAnne Julius' pessimistic outlook was shared by businessmen from G20 developing countries who took part in the seminar.

Igor Kalashnikov, who runs a double glazing company in Russia, said business was down two and a half times and there was a climate of pessimism among the media and policy makers.

And Nish Kotecha said that Indian start-up companies were finding it hard to get access to funding to expand their business.

Wow...I wish I could be as intelligent as that.

"if governments and central banks don't fix the banking system the recession could be longer and more severe".

Brilliant. Absolutely brilliant. I wonder how many weeks of in-depth analysis it took her to come to that stunning conclusion?

[ace00]

You made that up right?
Ivor Kalashnikov the double glazing salesman?

[Mich the Tester]

I wonder how many weeks of in-depth analysis it took her to come to that stunning conclusion?

purchases of put options

[stingman123]

Ever make you wonder where all these clever people were last year, before it all kicked off?

[darmstadt]

Speaking at a G20 breakfast seminar organised by BBC News, she said an earlier recovery would depend on plans to restore banking lending.

Well she would say that at an event organised by the media. They need people to keep saying doom and gloom so they can continue to rub everyone's noses into the dirt. When will the media start reporting that things might not be as bad as they really re?

[Mich the Tester]

Ever make you wonder where all these clever people were last year, before it all kicked off?

Being paid huge amounts of money for telling their numpty bosses that the market would keep on rising for the next five years.

[sasguru]

I thought this was a thread about SKA's lack of progress