Comments on: Which countries have been displaced most by the global recession? The Russia effect

By: Reasons for optimism as world’s economic recovery looks broadly based | Ronan Lyons

Tue, 27 Jul 2010 06:04:49 +0000

[...] was the change in expected GDP growth across issues of the IMF’s World Economic Outlook, a variable I had used myself independently late last year, hence the confidence boost! He argued that the change in this growth rate captures better than any [...]

By: Senan

Senan — Wed, 02 Dec 2009 00:21:13 +0000

I think it was on the Motley Fool website that I was reading recently about the level of corruption in Russia and the impact it was having on business. Apparently IKEA, and several of the oil majors were intimidated. IKEA eventually just packed up and left.

Obviously Ireland has different challenges but nonetheless to have ourselves ranked in the same economic bracket as Russia is worrying.

By: Ciaran Daly

Ciaran Daly — Tue, 01 Dec 2009 19:24:27 +0000

Interesting indeed but it also points to the useless art of forecasting, as has been repeatedly pointed out by Nassim Nicholas Taleb.

Interesting also how Irish politicians seek to deny Ireland’s geographical position and move us away from a major trading partner, the UK.