The US and Asia to lead shallow recovery to long recession, predicts CII
The CII's latest Thinkpiece, the first of a series of six international articles in association with Chatham House, says the current global economic recession was brought about by a rapid and unusually synchronised global slump, predicting that it will be longer and more painful than previous slowdowns, taking at least a year to recover, and that the 'old' world needs to re-evaluate its position as global regulation and governance change.
Vanessa Rossi, senior research fellow at the international relations think tank Chatham House notes that the damage to confidence and jobs will take time to repair, whilst the loss in wealth will also
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