Jun. 12 – The American economy will grow by 1 to 2 percent in the second half of 2008 if oil does not continue to rise.
But emerging markets are particularly susceptible to inflationary pressures and investors are looking at them more cautiously.
Stefanie McIntyre reports.
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No recession, just moderate growth
true/false
- Everyone agrees that the threat of recession is past.
- The US government predicted growth of 1-2% in the second half of the year.
- Three factors are mentioned that have influenced this prediction.
- Oil is more than $130 a barrel.
- The price needs to drop to $110 immediately.
- The assumption about growth won’t be wrong.
- Lower growth levels in China and Japan could be the result of oil price increases.
- The risk of inflation is strong in India.
- Brazil is also suffering from the oil price increases.
- Investors are currently wary of investing in emerging markets.
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