The Obama administration’s deadline for Iran to enter discussions on the nuclear issue has passed. In spite of claims from Washington that “all options are on the table,” the economic crisis makes a military response to Iran infeasible. […]
Recovery came faster than expected in 2009 and forecasts seem to be underestimating the outlook again—this time for 2010. The consequences of underestimating growth remain milder than those of overestimating it, however, and policy makers should not accelerate stimulus withdrawal. […]
After the worst year of economic performance in recent memory, most projections show positive growth in 2010, but questions about the sustainability of the recovery remain central. […]
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