A significant report on the global economy
►http://www.wsws.org/articles/2012/nov2012/conf-n23.shtml
By Nick Beams
23 November 2012
A report by a major US forecasting group has poured cold water on the idea that China, or any of the so-called emerging markets, can provide a new base of expansion for the global capitalist economy, either in the short- or long-term.
The Conference Board, described by Wikipedia as an unbiased and “trusted source for statistics and trends, second only perhaps to the US Bureau of Labor Statistics,” issued a series of economic forecasts earlier this month, stretching to the year 2025.