The Recession that Almost Was
FEATURE - A Commentary by Kenneth Rogoff, Economic Counsellor and Director, Research Department, International Monetary Fund, 5 April.
Amid increasing signs of recovery, there seems to be a growing denial that the global economy was ever in any real danger.
Many private forecasters have stopped asking when the US economy is going to pick up and started asking when it is going to slow down. A popular refrain is that "it's the recession that wasn't". Europeans congratulate themselves that the
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