ECRI's Lakshman Achuthan, shares his presentation notes and slides from the Bloomberg Sovereign Debt Conference today in Frankfurt, Germany.
The convergence of two cyclical patterns virtually dictates an era of more frequent recessions in developed economies. As a result, growth in developing economies is going to be jerked around more than people think, making for a good deal of cyclical economic contagion. In other words, we are now in the yo-yo years.
