Global growth in 2009 is expected to fall to ½ percent ...the global economy is projected to experience a gradual recovery in 2010, with growth picking up to 3 percent. However, the outlook is highly uncertain..To prove that they are certain that they are on the right track
The uncertainty surrounding the outlook is unusually large.You have to think about downside risk
The main risk is that unless stronger financial strains and uncertainties are forcefully addressed, the pernicious feedback loop between real activity and financial markets will intensify, leading to even more toxic effects on global growth.and upside risk
In particular, global financial conditions could improve faster than expected due to stronger policy actions. This could boost consumer and business confidence and alleviate the credit crunch, thereby lifting global growth.
Of course the risk that they may be wrong only leads to greater uncertainty.
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