U.S. Growth Expected to Cool, Falling Below Pace in Europe - by CARTER DOUGHERTY
Economic growth in Europe and Japan is expected to outpace that in the United States this year for the first time since 2001, as a slowdown in the American housing market curbs growth, the Organization for Economic Cooperation and Development said Thursday.
The forecast by the agency, which is based in Paris and has representatives from the 30 richest countries, suggests that the world can weather a cooling in the United States, the globe’s largest economy. Demand is robust in China and India, and growth elsewhere is strong, it said.
No comments:
Post a Comment