This revolutionary change has been brought on by the dramatic opening of markets by the bigger, richer OECD economies, the disassembling of state control over communication systems and finally and, most important, the invasion of our lives by wireless phones and the Internet. More . . . The accountant had set up a company and opened trust accounts for his clients, as well as personal bank accounts in the name of their parents. Some of the funds were used to buy lorry parts abroad, which were then resold in the country of origin, some were used to buy real estate. More . . .
Growth is still generally good and fears of a recession are exaggerated.
A mild short-term dip in the U.S. is likely, but other economies, particularly in Europe, will perform well. A recession, if it comes, will be severe and global. Current results Previous results All rights reserved.