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Thursday, January 23, 2003

According to a BBC report World leaders, facing steep declines in credibility, have been warned they must prove their worth to a "new world" if they are to recover the public's trust.

Interestingly, Stephen Roach, chief economist at US investment bank Morgan Stanley, also said that the American economy's performance last year had been "pathetic" + might get worse and that "If we went into war with a big [economic] cushion, we might be able to come out of it. When you hit with a zero growth rate, we will go into recession."