The UN has downgraded their growth expectations to -2.6% in 2009. This is well below their prior expectation of -0.5%. They expect a “mild” recovery in 2010 assuming policy actions take hold. The full report can be found below:
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Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.
steve
So I see the UN is taking time off from passing resolutions condemning Israel, in order to get involved in economic forecasting. Nice blog, but this is not important or useful news in any way shape or form.