"Best World Economy in 20 Years" (yeah, riiiight)

[Taro Toporific]

Best World Economy in 20 Years, says Former IMF Economist
VOA News / Washington
15 Sep 2004, 22:26 UTCMichael Mussa, the former chief economist at the International Monetary Fund now with the Institute for International Economics, Wednesday released a very upbeat global economic forecast. Mr. Mussa believes the world economy is performing at its best level in 20 years.
.... Japan's fragile recovery seems to be solid even though growth will fall back in 2005.
"The Japanese economy has been much better than many forecasters had expected, even better than my relatively optimistic forecast," he added. "I think this year we'll see year over year growth of over four percent. That's largely in the bag at this stage. I do expect things to be a bit slower next year."

[Oradea]

that may well be true, however the average citizen you meet on the street will still complain about the bad economy, they just wont be happy until their salaries are tripled and they are given things instead of needing to buy them.

But if the price of cigarettes go up, there will be a national riot

[dimwit]

:bounce:

"The Japanese economy has been much better than many forecasters had expected, even better than my relatively optimistic forecast," he added. "I think this year we'll see year over year growth of over four percent. That's largely in the bag at this stage. I do expect things to be a bit slower next year."

And I am sure that the homeless people who live under the bridges are all cracking open bottles of aftershave to celebrate.

In Canada, the growth in the economy seems to be largely a result of the housing boom and that will be history as soon as interest rate rise.