Sunday, November 30, 2008
Its started here too, nowhere is safe from the crash
The world’s economic outlook is uncertain. Bankruptcy and massive layoffs take place daily in the United States and Europe. The International Monetary Fund (IMF) just came out with its forecast. Less than 3 percent growth signals a global recession. World growth will be at 2.2 percent in 2009. How will Colombia fare in such a gloomy world scenario? The answer depends on the dose of pessimism made by the forecaster. There are some who believe that the best Colombians can do at the end of this year is try to have a good time, because 2009 will be so complicated that perhaps there won’t be an opportunity to celebrate again anytime soon.