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View Diary: Krugman: IMF World Economic Outlook Report Confirms "Republicans have been wrong about everything." (65 comments)

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  •  WEO worth the read (5+ / 0-)

    While the overall message is a downward revision in the forecast, there are some interesting bright spots. First, the US has the latitude to implement more expansive policy to avoid the zero liquidity trap Japan fell into. Second, growth is occurring in places one would have thought too corrupt just a decade ago, e.g. the Balkans and East Africa. Then there is the explosion in Chinese tourists visiting the US. Come, come, we need your yuan!

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