The World Bank warned of a deepening economic crisis where developed and developing country growth rates could fall by as much or more than in 2008 and 2009. My prediction exactly when I described the lack of structural changes and further doom and gloom last November as a result. Yet, I don’t always take pleasure in being right.
As I stated before:
Nothing will improve in the economic outlook of our country until we improve the systemic economic imbalance between finance and production.
So, let’s get to work on fixing our economy from the top (instead of from the bottom).
