Tuesday, September 05, 2006

Forbes says global economy could face turbulence ahead

I'm concerned that I might be guilty exactly as charged:

The global economy could face short-term turbulence if the US and its allies take action against Iran over its controversial nuclear program, but it should be resilient enough to withstand the shocks, US publisher Steve Forbes said yesterday.
'Don't underestimate the fundamental strengths [of the economy] ... they will come to the fore again despite any short-term dramatic repercussions from what happens in the Middle East,' he told delegates at the annual Forbes CEO conference here.

I'm underestimating the fundamental strengths of the economy! I think that a long-term downturn is inevitable if we start fighting with Iran. Let's hope that doesn't happen.

Link: Taipei Times - archives

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