Goldman Sachs had disappointed strategic investors

Growth of the U.S. economy and Chinese economy goes slowly

In brief: The development of China's economy slows because of the second wave of recession in the U.S..

Goldman Sachs reported an increase in the number of signs of slowing U.S. economic growth and China. Specialists Goldman Sachs warned of worsening situation in the U.S. housing market. Regarding China, the experts reported that the intensity of the recovery of the Chinese economy is now the most important factor to which regulators should pay special attention.

“If we have significantly erred in assessing the growth in China, the world will be a very problematic place, especially for those countries who live in conditions of fiscal austerity” – said the chief economist at Goldman Sachs Jim O’Neill. Goldman Sachs last week revised its forecast of China’s GDP growth this year from 11,4% to 10,1%. However, China is still growing, while the “outlook for the U.S. was very cool.” According to Jim O’Neill, the U.S. could threaten the period of deflation.

Ukrainian Globalist
2010-07-05 21:44, Economics.

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