The UN has downgraded their growth expectations to -2.6% in 2009. This is well below their prior expectation of -0.5%. They expect a “mild” recovery in 2010 assuming policy actions take hold. The full report can be found below:
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.