Monday, August 15, 2011

Why Our Economy Was Not Resilient in 2008

Or in the recent past as the Financial Secretary would have us believe. Here are a few pointers:
  1. Growth in USD was about -5% in that year.
  2. The Misery Index was close to a 10-year high -- average inflation was 70% higher than under Federation 2.
  3. We missed the rebound in the World Economy in 2010 -- resilience means rebounding by the way.
If you're still not convinced have a look at our little but growing collection on the topic.

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