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[quote=APAULT,281009]The following is an extract from a US finance/investment newsletter.  It says how the US economy is in trouble and there could be a world recession.  In my view it is a fight between the collapse of an aging Uncle Sam, and the growth of the emerging China (or should we say regrowth, as this is not the first time China has been a dominant power).  Anyway, here it is:

IMF Warns of Global Economic Slowdown

By Jennifer Yousfi, Managing Editor

Global growth will slow to 3.7% in 2008, the International Monetary Fund announced yesterday (Wednesday), in its most recent World Economic Outlook.

There is also a 25% chance of a global recession should economic growth fall below 3% in 2008 or 2009.

The United States will largely be responsible for worldwide deceleration due to the steep correction in the U.S. housing market and continued fallout from the credit crisis, which started in the subprime sector and has spread throughout the financial system.

The IMF forecast the U.S. economy would slip into a recession in 2008, with only a slight recovery in 2009. Its projection for the United States' economic growth in the current year is 0.5% followed by a slight increase to 0.6% in 2009.

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