economy forecast

On Monday the World Bank reported that prospects for the global economy remained "unusually uncertain" despite recent signs of improvement in parts of the world and cut its 2009 growth forecasts for most economies.

For the first time the World Bank released details on individual economies for the first time on Monday. Apart from this the bank also called upon the governments across the globe to be vigilant in drawing up exit strategy to reverse the recently expansionary monetary and fiscal policy once the world economy takes off for recovery.

A few days before the Christmas John Curran, a contributing editor at the popular magazine TIME had a talk with two top strategists at Merrill Lynch: Richard Bernstein, who plots U.S. investment strategy, and Michael Hartnett on international. The journalist decided to figure out the opinion and forecasts of the experts on the following year. In the course of the interview the analysts touched upon the stock market in the U.S. and future of Chinese economy.