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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (9121)7/12/2004 4:24:30 PM
From: RealMuLan  Read Replies (1) of 116555
 
Expect less growth and more inflation
By Daniel Bogler
Published: July 12 2004 5:00 | Last Updated: July 12 2004 5:00

After a strong 12 months, the world's economic outlook is clouding over. Annualised global gross domestic product growth in the first half of 2004 was about 3.75 per cent, according to Goldman Sachs - a marked deceleration from the 6 per cent of last year's second half. A more muted expansion in both the US and China will take that figure down further, with consensus expectations for world growth moderating from 4.6 per cent in calendar 2004 to 3.9 per cent next year.



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