Teddy Brett: Failed Markets, failed states and the Global Recession: Responding to the Financial Crisis

“… the world economy has rarely been in better shape than it is today. [We have] yet again revised upwards expectations for global growth . . . growth in the United States remains rapid . . . there are signs of an upturn in those parts of Western Europe … where growth has been sluggish … The global economy appears to be more resilient … than it was even a short time ago.” (Anne Krueger, First Deputy Managing Director of the IMF 2006)