Monday, May 24, 2010
China, Europe to Fuel Second US Recession
Economics item by
Offsite
The United States could easily experience a double-dip recession from repercussions in Europe and China, said Christopher Wood, equity strategist for CLSA Ltd. in Hong Kong.
America’s banks are still limiting their lending, resulting in less GDP growth for 2011, Wood says.
With Europe’s continuing debt crisis and China’s weak real estate market, the global economy faces a weak future. Full Piece
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