Outlook 2005: Return to sender

This year's CESifo International Spring Conference will take place on 17-18 March 2005 in the British embassy in Berlin. On the first day, the economic outlook of important world regions will be the focus. Trends in major European industries is the topic of the second day. John Llewellyn, Lehman Brothers, New York, will be one of the speakers. Here he gives a short appraisal of the development of the world economy.