
by Michael RobertsWhen I sat down to write this post on the prospects for the world economy in 2013, I thought I’d better check back to see what I said this time last year about 2012. After all, economic forecasting has a well-deserved, terrible reputation for inaccuracy. It’s mostly useless, or at least mainstream economics is pretty hopeless at it. There is no space in this post to explain the reasons why – maybe another time.But anyway,...