March 9, 2009

The Global Economy Unravels - Forbes.com

The Global Economy Unravels - Forbes.com:

Scary thoughts, indeed!
"...A prolonged global downturn, let alone a collapse, would dramatically raise tensions inside these countries. Couple that with possible protectionist legislation in the United States, unresolved ethnic and territorial disputes in all regions of the globe and a loss of confidence that world leaders actually know what they are doing. The result may be a series of small explosions that coalesce into a big bang.
One has to hope that ahead of the next G-20 summit in London this April, global policymakers will get real about the gravity of the present global economic and political situation. For only with a coordinated and forceful economic policy response is there any hope of extricating ourselves from what is turning out to be the most serious global economic slump since the Great Depression."
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