Jamaica And The World Economy Published: Monday | December 12, 20111 Comment by John Rapley In recent weeks, I've written several columns about the latest wave of the financial crisis, which is the sovereign-debt crisis in Europe. After weeks of panic and drama, two fallen governments, sweeping measures and behind-the-scenes prodding by the United States, the situation for the moment seems to have been stabilised. It's been one storm after another, and like any storm, most of us can only hunker down until it blows past. Then we re-emerge into the light of day to assess the damage. And the landscape we're seeing out there is pretty bleak. If anyone in Jamaica is still hoping we can find our way on to a solid growth path by simply riding the tide of a rising world economy, it's time to pack in that dream. Europe has announced that it will barely grow this year. Britain reckons it will take several years before it can repair the damage of the great recession. The US is showing comparat
Raymond Clough dnomyar34@raymondclough.com
Jamaica Gleaner - Dec 11, 2011 In recent weeks, I've written several columns about the latest wave of the financial crisis, which is the sovereign-debt crisis in Europe. |
Browse all of today's headlines on Google News
No comments:
Post a Comment