"The recovery has suffered new setbacks, and uncertainty weighs heavily on the outlook," the fund said, warning that its forecasts might be overly optimistic if policy makers in Europe and the United States fail to carry out pro-growth policies.
But he sounded less optimistic that policy makers meeting in Davos or elsewhere were making progress on other important banking issues, like how to close down terminally ill banks at no cost to taxpayers.
— Seemingly unbowed by the escalating scandal about his sexual conduct, Herman Cain addressed a crowd of several hundred in a college gymnasium here Tuesday night, but he made no mention of the allegations against him, instead focusing on vague and optimistic foreign policy ideals.
The Fed cut rates by half a point a couple of weeks after Mr Mishkin presented his paper, saying that it hoped to "forestall some of the adverse effects" of the financial-market fallout.Whether Mr Mishkin is right to be so optimistic about what policy can do once bubbles have burst remains to be seen.
"The answer to our troubles lies in a positive, optimistic vision, with policies rooted in American exceptionalism," Mr. Perry said.
But this rational-optimistic view of policy and practice is unlikely to be sufficient to bring about change.
In addition, Ahmed Galal, managing director of the Economic Research Forum, based in Cairo, said economists were increasingly optimistic about the policies of the Muslim Brotherhood.
More than seven in 10 of those polled say Russia's economy is weakening, and 45% recommend selling Russian assets in light of the conflict in Ukraine Photograph: Bloomberg Global Investors Poll Bloomberg also found that French president Francois Hollande was the most unpopular politician, with just 11% saying they're optimistic about his policies.
Afghans seem to be more optimistic about Obama's policy toward their country than Americans are.
