Gloom Gathers Over World Economy

[chlamor]

Gloom gathers over world economy


Asian investors are no more optimistic than investors elsewhere
Investors are growing gloomier about prospects for the world economy and are expecting weaker growth, a survey of fund managers has indicated.

Fewer than a quarter of the 339 managers questioned in the Merrill Lynch poll expected growth to increase. It was the most negative result since 2001, reflecting a stark reassessment of economic views, the bank said.

Latest US economic data gave little cheer, with industrial production falling 0.2% in April.

Soaring energy costs were largely to blame, with big increases in the price of oil and higher residential natural gas prices.

http://news.bbc.co.uk/2/hi/business/4555961.stm

[PartyPooper]

1. Well, just buy real estate in the USA, and you'll be okay.

Especially in California...prices are spiking like there's no tomorrow. :wow:

:bounce:

[merwin]

2. UK media is the only mass media left that actually tells the truth.