Tighter global monetary policies, the unwinding of investment excesses, and the moderation that tends to accompany maturing expansions all point to an imminent period of slower growth for the global economy, according to a new quarterly report.
In the MAPI Quarterly Forecast of U.S. Exports, Global Growth, and the Dollar: Second Quarter 2007 Through Fourth Quarter 2008, economist Cliff Waldman concludes that the impact of the housing downturn in the United States and the near-term path of the embryonic investment slowdown in China are the two key variables that will determine the strength and stability of the world economy during 2007 and 2008.  ;
Financial markets have been nervous about the U.S. and Chinese outlook,” he writes, “but most indications …
