GDP to return to normal by mid-2010: BIS economists
Economists from the Bank for International Settlements have developed a model that predicts that some of the main crisis-affected economies will return to their pre-crisis level of GDP by the second half of 2010.
The research used to develop the model shows that a number of crises had a lasting negative impact on GDP. In some countries this was due to an immediate, crisis induced drop in the level of real output combined with a permanent decline in trend growth. In others, the growth trend rose
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