Prospects for the World Economy in 2012 C. P. Chandrasekhar and Jayati Ghosh

2011 revealed that the much vaunted economic recovery after the Great Recession was not inherently sustainable, as the recent problems of global capitalism, including those associated with excessive debt build-up, were reflected in new areas and caused economic slowdown across the world. Against the backdrop of economic trends in 2011, this article assesses the prospects for the world economy in 2012.

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(This article was originally published in the Business Line on December 26, 2011)