The Rising Influence of Rising Affluence

[ilpapa]

The FT, reviewing Goldman's global outlook. Not a very clear signal - multifaceted?

The US may be recovering, but the other locomotive of the global economy is going through a soft patch that some bearish analysts fret could turn into something nastier. Goldman concedes that the outlook for China is "multi-faceted", but argues that the economy will still grow a respectable 5-7 per cent over the next two years.