“The global growth outlook will be somewhat less than we anticipated just three months ago. Many indicators of economic activity, investment, employment, and manufacturing, have deteriorated. And not just in Europe or the United States.”-Christine Lagarde, International Monetary Fund, 03 July 2012
In June 2012, the World Bank issued GDP growth projections for the next year.
GDP growth for the United States will stagnate at 1.9%, while the war torn country of Afghanistan will actually grow at 4.9%!!!
Is this because of the billions and billions of USD pledged to the Afghan government by the international community?
The U.S. economy will continue to stagnate partly because the government is spending billions of tax dollars on occupying countries like Afghanistan?