Tuesday, Jan 13, 2009
“doubled if not tripled”, so they don't know either
FT com: World Economic Forum warns of rising risks
The risk of serious fiscal crises in developed countries has “doubled if not tripled”, according to the World Economic Forum’s report on global risks ahead of the gathering of government and business leaders in Davos later this month.
The report predicts that massive government spending to shore up financial systems will threaten countries such as the US, UK, France, Italy, Spain and Australia, which are already in a precarious fiscal position.
Posted by troy @ 01:45 PM (289 views) Add Comment
1 Comment
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1. charlie brooker said...
Comforting words there.