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Politics : Ask Michael Burke
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To: Joss who wrote (40594)12/22/1998 5:57:00 PM
From: MythMan  Read Replies (2) of 132070
 
>>Events, of course, can overtake I.M.F. forecasts. This year's world growth estimate is 1.3 percentage points below what the fund predicted a year ago. And after currency crises broke out in much of Asia in 1997, the I.M.F. predicted that Thailand, South Korea and Indonesia would escape recessions. Now, all those economies are shrinking, ranging from 7 percent contraction in South Korea to 15.3 percent in Indonesia. <<

just think if they miss the US target by that much
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