Source: Reuters

PARIS - As 2007 arrives, the US economy sneezes. But thanks to ultra-rapid growth in the world's most populous countries and a helping hand from western Europe, the world proves immune from a cold.

That's the plot scripted by most economists for next year. In the "new world", China and India are on a roll. The crises that swept across Asia in the 1990s are fading memories.

In the "old world", Japan is back, surfing the Chinese wave after a downturn that lasted most of the 1990s. Europe is back too, led by a leaner, meaner Germany.

Full story...

Posted by pichu at December 4, 2006 3:34 PM