CLARITY IN A VISION FOR THE FUTURE OF EAST AFRICAN COUNTRIES: A STORY OF BUDGETS, ECONOMIES AND INFORMATION COMMUNICATION AND TECHNOLOGY. Global economy As the global economy sways like a tanker in high seas, I would like to imagine a domino player stacking domino chips evenly spaced on a straight line, each preferably representing a European country, starting with Greece and ending with the most stable Nordic country, then I would imagine if the first domino was pushed over depending on the prevailing global situation, they would all fall, with or without austerity measures. Such a picture may be crude, but there is credence in it, according to the World Economic Outlook April 2012, published by the IMF, global economic growth is expected to constrict from 4 % in 2011, to about 3.5% in 2012, mainly due to the sliding pendulum oscillating between the meltdown in Europe and the momentous growth prevailing in some Asian economies, having said that the optimism is contagious in...
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