The world economy: Self-induced sluggishness | The Economist 07/01/2012

The Economist, from de print edition, 07/01/2012 (05/01/2012 on line edition).-



POLITICIANS like to promise better times ahead. But these days many are peddling gloom. In her new year’s address, Angela Merkel, Germany’s chancellor, predicted that 2012 would be more difficult for the euro zone than 2011. Nicolas Sarkozy, France’s president, spoke of “the year of all risks”. Half a world away, Manmohan Singh, India’s prime minister, warned Indians not to take fast growth for granted.