Stiglitz: The Spring of the Zombies

Image by Getty Images via Daylife

As spring comes to America, optimists are seeing "green sprouts" of recovery... The good news is that we may be at the end of a free fall. The rate of economic decline has slowed. The bottom may be near - perhaps by the end of the year. But that does not mean that the global economy is set for a robust recovery any time soon. Hitting bottom is no reason to abandon the strong measures that have been taken to revive the global economy.

Economist's View: Stiglitz: The Spring of the Zombies

Related articles by Zemanta

• Let big banks fail, bailout skeptics say (money.cnn.com)