The largest economies have made the fundamental decision to prevent bankruptcy, but this is only the first step on the long road to financial health. Those who hope for a swift return to what they thought normal two years ago are deluded, says Martin Wolf
Is the worst behind us? In a word, No. The rate of economic decline is decelerating. But it is too soon even to be sure of a turnround, let alone of a return to rapid growth. These are still early days, argues Martin Wolf.
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