US Economy to Slow as China Leads Way – Malcolm Foster

From Shanghai Daily:

A slowdown in the United States economy will likely put a drag on global growth next year, but economists say Asia and Europe should remain resilient amid signs of healthy consumer demand.

Even as a cooling US housing market weakens Americans’ appetites for foreign-made electronics, clothing and other exports, the swelling ranks of middle-class consumers in China, India and the rest of emerging Asia should pick up the slack, experts said.

Europe’s growth may also slow some, however the outlook there is also relatively positive due to renewed consumption and falling unemployment.[Full Text]

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