Originally Posted by
Progress Wanchai
The economy was in reasonable condition prior to 9/11 leaving a lot of room for reserve banks to adjust monetary policy. This time central banks are mere spectators to this slow motion train crash.
Ha ha ha.
Ok you guys win - either ICAO is too pessimistic or too optimistic. Farman - you are right - ICAO is pessimistic enough - Progress Wanchai you are also right - ICAO are too optimistic ;-)