Wednesday, January 27, 2010
The economic recovery may not be working out as well as some had hoped.
- By John March
Despite the widespread perception that the worldwide recession is over, there are still a number of factors that could result in unpredictable economic conditions in the coming months, from concerns about inflation and the strength of the dollar to the threat of a double-dip recession.
In fact, economists attending the World Economic Forum annual meeting this month expressed concern that policymakers around the world are so focused on certain issues in the financial world that they are overlooking other crucial matters.
An announcement from the forum cited various economists warning that high-profile issues like executive compensation are getting extra attention while other matters, such as risk management and transparency, may not get sufficient action.
Economist Nouriel Roubini was quoted as citing the risk of a double-dip recession because of weak labor markets and poor credit conditions. He also suggested that emerging economies could do better in the short term than advanced ones, while warning that emerging economies could reduce their growth potential by adopting the same regulatory measures as developed nations.
With little certainty about what is next for the global economy, investors can consider traditional options like gold and silver in light of such concerns.
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