Reality check for the global economy edited by Olivier Blanchard and Adam S. Posen with participation by Julien Acalin, Olivier Blanchard, Monica de Bolle, José De Gregorio, Caroline Freund, Joseph E. Gagnon, Nicholas R. Lardy, Adam S. Posen, David J. Stockton and Nicolas Véron published by Peterson Institute for International Economics (PIIE) indicated by Alvaro Manoel (3/2016). “After five years of disappointing recovery throughout the major economies, almost everyone is ready to believe the worst. Global markets have displayed the fruits of that pessimism in recent months. Many of our Peterson Institute fellows have found their assessments of economic prospects in their various areas of expertise-Europe and Latin America, the United States and China, monetary policy, oil, and global trade – simultaneously leapfrogged significantly to the downside by a majority of investors and commentators…”
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