Anis -- Thanks for this update, very useful. Yes, the politics of global growth projections are also horribly flawed. Here, the IMF WB and OECD follow the markets.. when their forecasts lie outside market confidence intervals they kowtow to current "wisdom" throwing professional or analytical judgments out of the window . The result is what you describe, but the pusillanimity ion the face or financial market "wisdom" -- whether exuberance or pessimism -- imposes costs on developing countries.
We need to work on this as a group, in my view. This politics is central to adjustment with a human face.
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