Entries from Chemicals & The Economy tagged with 'Lawrence Summers'
The concept of "escape velocity"
This being Budget Week in the blog, it seems appropriate to look at the views of Larry Summers, US economics chief, to understand his expectations for an economic recovery. His main concept is of "escape velocity", whereby the economy will...
Global economy to shrink in 2009
The world's major financial institutions become more pessimistic each time they report on the economic outlook. 6 weeks ago, the blog noted that the IMF expected "the global economy to come to a virtual standstill in 2009". Today, the World...
Fed/IMF worry that US may see 'severe recession'
The Financial Times this morning reports that the US Fed fears that ‘the economic downturn in the US could turn into a deep and protracted recession of the kind that plagued Japan’. Clearly based on interviews with senior Fed officials...
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