Word: koromzay
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...That level of easing does not pose a threat to the global recovery, says Val Koromzay, an economist with the Organization for Economic Cooperation and Development in Paris. The worst-case scenario, he says, is the simultaneous occurrence of higher oil prices, higher U.S. interest rates, lagging growth in Europe-plus a hard landing in China. "If you put all of these things together, that would be a cocktail that could be hard to absorb," he says, quickly adding that he sees it as a "low-probability event." But by itself, China "is not No. 1 on the list...
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