Economy
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Global EM View - December 2006
December 2006 | Market StrategySorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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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.