Disaster Can Wait
The coming year will not be one of crisis, but nor will it bring an end to our current economic troubles. Rather, for Europe, the US, and China, 2012 will be a year of muddling through.
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SHANGHAI – Nowadays there is no shortage of pundits, economic or otherwise, warning of impending disaster. If right, they are hailed as seers; if wrong, chances are that no one will remember. So here’s a forecast: there will be no shortage of predictions that 2012 is shaping up as a disastrous year.