For general discussion and debate. Possible talking point: Is the worst of the financial crisis still to come?
The IMF's chief economist has warned that the global financial crisis is set to worsen and that the situation will not improve until 2010, a report said Saturday..."The worst is yet to come," [Olivier] Blanchard said in an interview with the Finanz und Wirtschaft newspaper, adding that "a lot of time is needed before the situation becomes normal."...He said economic growth would not kick in until 2010 and it will take another year before the global financial situation became normal again.
Is he right, or will things get better sooner than he thinks...or later?
