Monday 15 June 2009

You want to know when the economy recovers. How about 2014 or 2015?

Gulp. Vipal Monga put up an article on on 5th June that I just came across. It has some interesting stats within, which suggest there will be extreme and growing deflationary forces in the global economy, until 2014 when they will recede. I hope he's wrong, but the numbers seem compelling.

Government budget forecasts are predicated on economic recovery later this year, or failing that in 2010. The UK economy is heavily leveraged to the financial markets, moreso than any other country I believe (perhaps Switzerland or Singapore are moreso?).

We live in interesting times. :-{

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