06-22-2009 11:49 AM CET - Business, Economy, Finances, Banking & Insurance

Economic Prophet Predicts Economic Recovery and Crisis

Press release from: International Institute of Management (IIM)

Las Vegas, NV, June 20, 2009 –International Institute of Management (IIM) announced today that Med Yones, the President of the institute and the economic expert who predicted the global economic crisis in Jan 2007, will deliver a keynote speech at the 10th Annual Investment Workshop for the world’s richest families on June 23 & 24 in Geneva, Switzerland.

“Official numbers show that the economic decline is slowing down and consumer confidence is increasing. We predicted this economic improvement back in October of 2008. However our data shows that the real production economy is getting worse. The same mindset of borrowing and spending more than we can afford, that led to financial system collapse will risk the collapse of the US economy. Global investors may not want to bail us this time. The other alternative to the sharp decline is to suffer from several decades of stagflation with intermittent periods of declines and growths. However the real economic growth will be negative due to the decline in the dollar value and inflation. It is not unlikely for the US to suffer from a similar crisis to the one we saw in Argentina 10 years ago or the one unfolding now in Latvia” - said Med Yones, the President of the research.

International Institute of Management (IIM) plans to release a new economic report updating its forecast of the US economy health, assessing Bush’s and Obama’s economic policies and their long-term impact, and recommending non-partisan policies and strategies to overcome the current economic and financial crises.

About IIM:
International Institute of Management (IIM) is a strategic management research institute and non-partisan think tank based in Las Vegas, NV. IIM has 41 universities and research partners in 16 countries. IIM leverages a global knowledge network to provide government and business leaders with the latest and most advanced business strategies and policies.

About Med Yones
Mr. Yones has been called the economic prophet due to the accuracy of his economic predictions and their timing. He is quoted in worldwide media on the topic. To learn more about the unfolding crisis you can visit the original economic prediction report for 2007-2017 at: http://www.iim-edu.org/u.s.economyrisks/

The updated 2010-2020 economic report will be available online in July/August 2009 at the CEO Quarterly Magazine website http://www.ceoqmagazine.com/

Analyst/Media Contacts:
USA: Manuela Moeller
Europe, Middle East and Africa: Linda Kimeisa
North & Latin Americas: Bohdana Hevierova
Asia & Australia: Tetyana Chernykh

For interviews, please contact us at Tel: +1.702.515.7447 or media2(at)iim-edu.org

International Institute of Management (IIM)
10161 Park Run Dr, Suite # 100
Las Vegas, NV 89145

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