The U.S. economy is in a ‘sweet spot’. But markets may be getting one thing
wrong, says Goldman Sachs.
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Investors are possibly too pessimistic on the likely pace of Fed rate cuts
47 minutes ago
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Monday, September 19, 2011
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"I see this as the inflection decade. Developed economies still make up 70 percent of the world's GDP but by 2020 they will account for less than 50 percent," he said. "After 2020 the chronic problems of the developed economies will have much less serious implications for the global economy. By 2025 Asia's GDP will be larger than that of the US and EU combined but the global impact of any turmoil will be less."
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