Top-10 Economic Predictions for 2008….
From APLINK – Whilst China is mentioned sadly Global Insights is of the mindset that the economy is driven by the US, who agree’s with this, if you disagree
– Let me know why… add your comments below ?….is there room for a virtual economy ?
The U.S. economy is now in the danger zone. GDP growth in the fourth quarter of 2007 (0.0%) and first half of 2008 (0.8% in the first quarter and 1.8% in the second quarter) is expected to be very weak. This will make the United States extremely vulnerable to another shock. Furthermore, it is unlikely that the rest of the world will be able to shrug off the expected sharp deceleration in spending by American households. Global Insight currently predicts that world growth will be 3.3% in 2008, compared with 3.7% this year. With the potential for housing crunches in some European economies and a post-Olympics slowdown (or even bust) in China, the risks for the global economy are now overwhelmingly on the downside.
see all Top-10 Economic Predictions for 2008
From APLINK – Whilst China is mentioned sadly Global Insights is of the mindset that the economy is driven by the US, who agree’s with this, if you disagree
– Let me know why… add your comments below ?….is there room for a virtual economy ?
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