At least one country has devised a credible strategy to cope with the global economic downturn.The world faces a 30 per cent chance of going into a depression lasting five or more years. This is the alarming conclusion of the Economist Intelligence Unit (EIU) about where the global economic crisis is heading.Its recent report, issued on March 19, warned that countries most at risk were those whose “growth was driven by credit expansion and asset price appreciation”, and whose economies were gear…
