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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (34368)	5/26/2003 4:51:23 AM
From: elmatador	Respond to of 74559

The idea that capital spreading more evenly: Emerging markets are pulling global expansion in 2003 according to OEF (Oxford Economic Forecast). Asia (excluding Japan), as it happened 2002, will pull the world economy with a 5,7% expansion. It could be even better had not SARS scare pushed HK, Singapore, Malaysia, China and Thailand down. After GIP shrunk by 0,9% in 2002, LATAM (considered Argentina, Brazil, Chile, Mexico e Venezuela) will grow just 1,6%. Eastern Europe (Russia, Hungary, Poland e Czech Republic) will grow 4,3%. Western Europe will grow 0%. But the general opinion is that the world economy will only grow if the US and Europe grow. Which means no grow in sight. The generals are still fighting the last war.