It's A Small World, Afterall

Felix Salmon on the World Bank projecting that the global economy will shrink this year:

As recently as last April, I was saying that "it's pretty much impossible for the entire world to register negative growth in any given quarter" -- and now the World Bank is predicting that the entire world will register negative growth over an entire year. All I can hope for now is that this will be the only year in my lifetime that this will happen.