PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: MKTBUZZ who started this subject	8/30/2004 2:18:10 PM
From: Kenneth E. Phillipps	Read Replies (1) of 769670

The global economy is slowing. Stephen Roach (New York) Many of the major economies of the world have suddenly slowed. First came the US and China, but then Japan, Korea, and Germany have followed in short order. In my view, this is not a coincidence but yet another important example of the interrelated perils of an unbalanced US-centric global economy. When the US and China flinch, the rest of the world -- lacking in autonomous domestic demand -- is quick to follow. Barring a spontaneous reacceleration in the world’s two major growth engines, risks are mounting that 2005 could be a surprisingly tough year. Message 20465244

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