Oct 19, 2010

There Is Still A Probability Of A Double Dip Recession Or Near Depression, As In Japan In The 90`s

“My base scenario is that we will have a slow, U-shaped recovery in the advanced economies, but still there is a probability of a double-dip recession, or near depression, as in Japan in the 1990s. The recovery in advanced economies is still very tentative.”

in Bloomberg