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2012-03-22 — globaleconomicanalysis.blogspot.it
Look for outright contraction next month in Germany and for economists everywhere to finally throw in the towel on the half-baked notion that Germany can avoid a recess in austerity-driven Europe with China slowing as well.
The same holds true for the US.
The irony in the US is economists who expected Asia to avoid a US recession in 2008, now believe the US can avoid a slowdown in the rest of the world. Decoupling theories are as silly now as they were then.
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