Fic, Dr Tatiana; Liadze, Iana; Holland, Dawn; Barrell, Ray - National Institute of Economic and Social Research - 2009
The global recession will be the deepest in post war history as world GDP grows in 2009 by just 0.5 per cent and global trade shrinks by 4 per cent. Further fiscal easing through measures being proposed but not yet formally passed by the time of our forecast, mainly in the US and Japan,...