TOP ECONOMISTS PREDICT GLOOMY 2012

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STORY:TOP ECONOMISTS PREDICT GLOOMY 2012DATELINE: Dec. 28, 2011LENGTH: 0:05:21LOCATION:NEW YORKPKGINTROOver the course of 2011, the European debt crisis has all but infected the whole world.The United States has been embroiled in political gridlock alongside feeble recovery.While emerging economies have buoyed global growth, they too are fretting about inflation and structural reforms.Will these hurdles be tackled head on, or could the economic outlook could grow still dimmer?Two top economists have shared their thoughts on the matter with CNC World.PKGUri Dadush is the director of the International Economics Program at the Carnegie Endowment for International Peace.Rewinding to the start of 2011, Dadush says "this year is disappointing, but not a disaster." SOUNDBITE (ENGLISH)URI DADUSH, CARNEGIE ENDOWMENT SENIOR ASSOCIATE:"It's not a disaster because the aggregate goals estimated by the IMF in 2011 is somewhere near 4 percent which is above the 10 year pre-crisis average level, but t
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Producer : Xinhua News Agency

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