Tony Sagami - Veteran investment advisor and a leading expert on Asian markets.

UN drops global growth forecast

by Tony Sagami on May 20, 2008

in Asian Market, Stock Market in China

I’m not sure I would put too much credence on an economic report from the United Nations, but I bet a lot of the Wall
Street crowd does.

The UN
predicts
that global GDP growth will slow from 3.8% to only 1.8%.

I agree that Europe and the U.S. economies are headed for a major slowdown. Asia, however, is going to continue to chug along.

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