EU EURO COUNTRIES: Economy: 'Most Dangerous Decade Since the 1950s': Strategist

Monday, September 19, 2011

RAYLOKESeptember 19, 2011 at 6:43 AM
"I see this as the inflection decade. Developed economies still make up 70 percent of the world's GDP but by 2020 they will account for less than 50 percent," he said. "After 2020 the chronic problems of the developed economies will have much less serious implications for the global economy. By 2025 Asia's GDP will be larger than that of the US and EU combined but the global impact of any turmoil will be less."
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