The Perspective on Global Economic and Financial Status for 2013 and its impact on the future of the global economy

Short-term supply shocks are not just inadequate remedies but can hide the real sickness of the world’s economy: debt mismanagement and its ensuing crises. Indeed, “The Emperor has no clothes”.

During the year 2012 all economic forecasts were documented and recorded; as it stands today, predicted economic growth has fallen short of expectations. Essentially, growth has been calculated at 30% to 50% below forecasted trends. This review has seriously affected the world economy and supported continued apprehension towards a cure for the f..

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