Growth in Industrial Countries Stalls

I I I Growth ndustr Countr NTERNAT ONAL ECONOMIC OUTLOOK in ial ies Stalls By Evangelos Otto Simos I I I I I Dr. Simos is Director of Forecasting at e-forecasting.com, a division of nfometrica’s Data Center, 65 Newmarket Road, Durham, NH 03824, U.S.A., www.infometrica.com, eosimos@e-forecasting.com. This report does not purport to be a complete description of global economic conditions and financial markets. Neither the Journal nor nfometrica, nc. guarantee the accuracy of the projections, nor do they warrant in any way that the use of information or data appearing herein will enhance operational or investment performance of individuals or companies who use it. The views presented here are those of the author, and in no way represent the views, analysis, or models of nfometrica, nc. and any organization that the author may be associated with. I. GLOBAL ASSESSMENT AND OUTLOOK Fiscal austerity, after a spending spree generating ballooning and inept monetary policy, has continued to increase downside risks to economic growth in industrial countries. Consumers and businesses have lost confidence thus weakening demand for resources and goods, evidenced by a lack of expansionary ...