Burma, America, The World, Art, Literature, Political Economy through the eyes of a Permanent Exile. "We must take sides. Neutrality helps the oppressor, never the oppressed. Sometimes we must interfere. . . There is so much injustice and suffering crying out for our attention . . . writers and poets, prisoners in so many lands governed by the left and by the right." Elie Wiesel, Nobel Peace Prize Speech, 1986, Oslo. This entire site copyright Kyi May Kaung unless indicated otherwise.
Showing posts with label IMF. Show all posts
Showing posts with label IMF. Show all posts
Sunday, December 09, 2012
IMF's Cristine Lagarde says US may have zerio economic growth if no deal reached on fiscal cliff
http://politicalticker.blogs.cnn.com/2012/12/09/lagarde-zero-u-s-growth-without-a-deal/?hpt=hp_t1
She was being diplomatic - likely to be worse, with negative growth, rather than zero growth rate - i.e. Recession.
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