FT.com / Columnists / Martin Wolf - Finding a route to recovery and reform gets tough now

FT.com / Columnists / Martin Wolf - Finding a route to recovery and reform gets tough now: "The rescue was unprecedented in scale and scope. It had to be: the world economy went over a cliff. At the beginning of 2009, the annualised fall in a quarterly moving average of world industrial output reached 25 per cent (see charts below). The fall in world trade was even more extreme."