A report by the Economist Intelligence Unit entitled “Global economic outlook 2009 – 2010” makes for alarming reading. Its conclusions are many including:
For the first time ever, all major economies in the Western world will report negative growth in 2009;
Trillions more dollars and euros in bank recapitalization and guarantees will be needed;
Zero interest rates and Keynesian public spending program are the only tools which can save the global economy;
There is still a 30% and growing chance that most of the global financial sector will be nationalized in 2009-2010.
And, citing Le Monde as its source, the report suggests that 12% of multimillionaires who are conducting an extra-marital affair are considering stopping the affair for financial reasons!
Link to the Original Article: http://www.global-economic-outlook-2009-2010-daniel-thorniley.com