Should we worry about the US economy when the global economy is doing so well? Or is it?
The world economy is proving to be a lot more resilient than many economists predicted, top IMF officials said on Tuesday, expressing confidence that global growth would remain “solid” at close to 5 per cent this year.
The same message is sent by the international purchasing managers.
Economic recovery in Europe has broadened, Japan is broadly on track and emerging market growth remaines vigorous, particularly in India and China.
Overall, he judged, the global environment looks quite favorable.
There has to be a positive impact on the US economy.
More on my "The Global Business Cycle" on www.peterdag.com.
George Dagnino, PhD
aka Peter Dag
www.peterdag.com
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