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Bloomberg: Wall Street Sees World Economy Decoupling From U.S.

Author: Simon Kennedy
October 4, 2010

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Bloomberg's Simon Kennedy discusses the weakening corollary between Wall Street forecasts of U.S. economic performance and the expected growth global of markets.

Wall Street economists are reviving a bet that the global economy will withstand the U.S. slowdown.

Just three years since America began dragging the world into its deepest recession in seven decades, Goldman Sachs Group Inc., Credit Suisse Holdings USA Inc. and BofA Merrill Lynch Global Research are forecasting that this time will be different. Goldman Sachs predicts worldwide growth will slow 0.2 percentage point to 4.6 percent in 2011, even as expansion in the U.S. falls to 1.8 percent from 2.6 percent.

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