Word: economisters
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Economists and policymakers who will be attending the World Economic Forum in Davos, Switzerland, beginning Jan. 24 have been furiously debating whether the world has "decoupled" from the U.S. economy. The U.S. constitutes about 28% of global gross domestic product (GDP) as measured in dollars, and it accounted for one-fifth of worldwide growth from 2000 to 2006. When the U.S. faltered in the past, the rest of the world staggered. And certainly there are signs of fatigue. A cooling housing market slowed U.S. GDP growth to 2% in the third quarter, and even if the economy has strengthened...
...components to feed the country's manufacturing sector, which turns the material into finished products to ship to the U.S. "If you just look at the numbers, it looks like Asia's exports to China are larger than they are to the U.S.," says Rob Subbaraman, senior Asia economist for Lehman Brothers in Hong Kong. "But people aren't taking into account where the end demand is coming from." Stephen Roach, Morgan Stanley's chief economist and one of the most skeptical observers of this world economic scene, has long warned about the dangers of flagging U.S. demand...
...YANKEES What economists are struggling to predict is how pervasive the impact of this housing slowdown will be on the rest of the U.S. economy, and abroad. Perhaps most surprising, American consumers are continuing to spend, regardless: automobile purchases are sluggish, but retail sales rose by a higher-than-forecast 0.9% in December. "I'm not prepared to bet against the American consumer. That's a highly dangerous proposition," says Jesper Koll, chief Japan economist for Merrill Lynch...
Jean-Philippe Cotis, chief economist at the Paris-based Organization for Economic Cooperation and Development, says the critical question is whether the U.S.'s housing woes are an isolated problem or a signal that the entire U.S. economy is overextended. "For the moment it looks like there is only marginal overheating," he says...
...Purchases by Asia's rising middle class have made the region far less dependent on exports to the U.S. to power the economy. Today only 16.5% of Asia's exports are sold in the U.S., down from 25.5% in 1993. Yet there are significant regional differences. Jonathan Anderson, chief economist for Asia at Swiss bank UBS, says Singapore, Malaysia and Japan remain more vulnerable if tapped-out Americans start to shop less, given that their own domestic spending is relatively weak; by contrast, China's consumption is rising steadily...