Uneven Patterns of Global Recovery Converge to Stagnation

Uneven Patterns of Global Recovery Converge to INTERNATIONAL ECONOMIC OUTLOOK Stagnation By Evangelos Otto Simos I i I Dr. Simos is Director of Forecasting at e-forecasting.com, a division of Infometrica’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 nancial markets. Neither the Journal nor Infometrica, 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 t. The views presented here are those of the author, and in no way represent the views, analysis, or models of Infometrica, nc. and any organization that the author may be associated with. I. GLOBAL ASSESSMENT AND OUTLOOK The mix and size of scal and monetary stimuli implemented at the start and during the three-year old global recovery resulted in uneven economic growth patterns around the globe. The common policy theme was short-term excessive doses of spending and/or printing money. Housing and nancial bubbles ...