2012: another year of living dangerously

2012: another year of living dangerously


Having started my career as a would-be economic forecaster just six weeks before the first successful Arab oil embargo in October 1973, I have seen a good deal of political and economic upheaval over the years. Never before, however, have I felt a time to be fraught with as many fundamental uncertainties as we face today. A whistle-stop tour of the globe will illustrate my point.

In the Middle East we have the uncertainty unleashed by the Arab Spring – the latest chapter in the longer-running

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