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Economic forecasts for the third world

Briefing/policy papers

In the context of the current economic crisis, this paper examines the main economic forecasts published this year. The paper notes that despite the predicted desperately poor prospects for developed countries (LDCs), all forecasters believe that it is possible for economic policy to improve the outcome in both developed and developing countries. It argues, therefore, that these desperately poor prospects for LDCs cannot be accepted as completely predetermined.