Global EM View - December 2006

December 2006 | Market Strategy

Our core view of the US economy is for a soft landing, with real GDP growth expanding by 3.0% y-o-y in 2007, down from a projected 3.5% in 2006. The ongoing weakness in the housing market is a key risk to this outlook, and we may well have to marginally downgrade our growth forecast for next year.

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