Free exchange | The Economist

Free exchange | The Economist: "AS WE write this week, the IMF's latest World Economic Outlook suggests that the world economy has had a bumpy ride of late but looks stronger than it did when the year began. There are plenty of things that could go wrong, of course, but the main threat continues to be Europe. The good news there is that a euro zone which continues to merely bungle along on its present course shouldn't be too dangerous for the world outside of the euro area's immediate backyard. A fairly deep euro-zone recession would be less pleasant to handle—it would take most of the steam out of America's recovery, for instance—but it wouldn't represent a disaster."

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