THE chances of a global “growth recession,” where world growth dips to below 2 per cent, are about one in three next year, according to economists at Germany’s biggest bank Deutsche Bank.
”The bursting of the housing and credit bubble this year and the ensuing credit and banking crisis have elevated the level of uncertainty about the economic outlook to an unusually high level,” the Deutsche report said.
» 1-in-3 chance of global ‘recession’ – news.com, 21st November 2007