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US Weekly Economic Briefing: 26 Dec 2011

8 Pages Oxford Economics December 26, 2011 SKU: OFE6737931

This year has been without doubt a turbulent one. During the past 12 months the global economic outlook has worsened dramatically, and we have repeatedly downgraded our GDP forecasts. In particular, the Eurozone financial crisis has continued to intensify, and the economic picture has started to weaken in emerging markets as well. Although the US economy remains more resilient, it is vulnerable to a further deterioration in global financial conditions. As 2012 approaches, the global economy is at a dangerous juncture, with the risks around our central forecast heavily skewed to the downside. In this context we have explored three alternative scenarios - a Eurozone break-up, a China hard landing and a revival of corporate investment.

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US Weekly Economic Briefing: 26 Dec 2011

Oxford Economics
December 26, 2011

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