2010 Economic Forecast : A Preview
My new report, “Global Economic Forecast 2010-2015: Recession Into Depression” provides the following projection for 2010:
* 2010 will mark a transitional period, following in the wake of massive sovereign intervention in the global financial and economic system in 2009. Much of 2010 will be characterized by a deceptive calming of the global economic crisis
*Massive government borrowing will be recorded as GDP “growth,” creating the impression that the global economy has slipped out of recession; this recovery will prove to be short-lived and illusory
* The transitional period will endure for 18-24 months, concluding with a severe public debt crisis in major advanced economies, in particular the United States and the UK. The onset of this catastrophic fiscal crisis will mark the next stage in the global economic crisis, leading to a synchronized global depression.
The full report and global economic forecast is available from this website’s homepage, (http://www.globaleconomiccrisis.com) and on Amazon.com