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World economy 'facing slowdown'

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posted on Sep, 6 2007 @ 10:53 AM
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World economy 'facing slowdown'


news.bbc.co.uk

Global economic growth is likely to be dampened by the turbulence which has swept world markets, the International Monetary Fund (IMF) has said.

The IMF said it would be revising down its growth projections - with this year being more affected than 2008.

The US would see the largest impact, with some parts of Europe also set to endure lower growth, it added.
(visit the link for the full news article)




posted on Sep, 6 2007 @ 10:53 AM
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More worrying news for the global economy.

It was expected to happened. The US is predicted to see a slow down or a recession, but the problems in the markets are spreading.

Might be a tough 2008.

news.bbc.co.uk
(visit the link for the full news article)



posted on Sep, 6 2007 @ 10:56 AM
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I think it's certainly possible.

But then again the old saying is that economists have predicted 16 of the last 8 recessions.


I think what happens in the markets from now through the end of October will be very important.



posted on Sep, 6 2007 @ 11:22 AM
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If we are to believe what many economy experts say and if the US goes into a recession, then most of the economies around the world are going to be hurt by it. I have heard many of these expert say that the world economy floats around the US, meaning as the US does so everybody elses do to.

My question will be, if that is true how is that this othe countries have not devise a plan to make their economies more independant? I mean is like us being dependant on foreign oil, the other countries are too dependant on the US economy.



posted on Sep, 6 2007 @ 11:33 AM
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Originally posted by djohnsto77
But then again the old saying is that economists have predicted 16 of the last 8 recessions.


I like that one, djohnsto77! Haven't heard that before


Given how interconnected the global economy has become, it's almost inevitable that a bad thing happening in one country (especially one that's as economically central as the US) would have a knock-on effect amongst other nations. Worth keeping a close eye on, definitely.



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