Wednesday, August 10, 2011

U.S. Outlook Casts Shadow Over World Economy: Reuters Poll

Ross Finley

The chances of another U.S. recession are rising and Europe's recovery is also at risk, according to the latest Reuters poll, taken during the worst stock market selloff since the nadir of the financial crisis.....
"The world doesn't look particularly rosy at the moment. There's no question about that," said Mark Miller, senior international economist at Lloyds Banking Group.......
Earlier on Tuesday, China reported industrial output growth, the engine of the world's second-largest economy, slowed in July while inflation unexpectedly shot up, a reminder that all is not well in Asia either.......

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