Word: economisters
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...Neill, London-based head of global economic research for Goldman Sachs. Even if the U.S. economy remains soft for much of the year, O'Neill adds, "we're pretty confident that the rest of the world will withstand it." At the German Engineering Federation in Frankfurt, chief economist Ralph Wiechers concurs. "It used to be that the U.S. economy supported the world economy," he says. "Now it's the other way around...
...high-income countries-and developing nations now account for 49% of world economic output, up from 39% in 1990. "For the first time in many decades, the global economy enjoys multiple sources of economic growth, of which the U.S. is not the most important," says Gail Fosler, chief economist at the Conference Board, a business-research outfit in New York...
...feed the country's manufacturing sector, which turns the material into a mountain of 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 the world economy, has long warned about the dangers of flagging U.S. demand. "The rest...
...comes from California (partly because of limits on imports), the impact of the freeze is practically unavoidable. Florida produces more citrus overall, but almost all of its oranges go into juice. "In terms of [fresh] oranges, there really isn't anywhere else to go," says Daniel Sumner, an agricultural economist at the University of California, Davis. "The few oranges left will be specialty items...
...suppose that even in our anti-Goldilocks economy, talking like an economist can be “just right...